United Security Bancshares (NASDAQ:UBFO) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its position in United Security Bancshares (NASDAQ:UBFO - Free Report) by 24.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 104,292 shares of the financial services provider's stock after selling 33,770 shares during the quarter. Renaissance Technologies LLC owned about 0.60% of United Security Bancshares worth $1,053,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Cerity Partners LLC purchased a new stake in United Security Bancshares in the 4th quarter valued at $534,000. Y Intercept Hong Kong Ltd purchased a new stake in United Security Bancshares in the 4th quarter valued at $120,000. Empowered Funds LLC grew its holdings in United Security Bancshares by 4.8% in the 4th quarter. Empowered Funds LLC now owns 51,540 shares of the financial services provider's stock valued at $514,000 after buying an additional 2,339 shares in the last quarter. Miracle Mile Advisors LLC grew its holdings in United Security Bancshares by 43.8% in the 4th quarter. Miracle Mile Advisors LLC now owns 23,000 shares of the financial services provider's stock valued at $232,000 after buying an additional 7,000 shares in the last quarter. Finally, Barclays PLC grew its holdings in United Security Bancshares by 12.5% in the 3rd quarter. Barclays PLC now owns 28,576 shares of the financial services provider's stock valued at $248,000 after buying an additional 3,171 shares in the last quarter. 30.88% of the stock is owned by institutional investors and hedge funds.

United Security Bancshares Stock Down 1.1 %

Shares of NASDAQ:UBFO opened at $8.90 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.09. The business has a fifty day moving average of $8.75 and a two-hundred day moving average of $9.33. The stock has a market cap of $155.54 million, a P/E ratio of 10.35 and a beta of 0.37. United Security Bancshares has a 52-week low of $7.07 and a 52-week high of $10.49.

United Security Bancshares (NASDAQ:UBFO - Get Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $13.66 million during the quarter. United Security Bancshares had a return on equity of 11.54% and a net margin of 22.58%.

United Security Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Monday, April 7th were given a $0.12 dividend. The ex-dividend date of this dividend was Monday, April 7th. This represents a $0.48 dividend on an annualized basis and a yield of 5.39%. United Security Bancshares's payout ratio is currently 61.54%.

United Security Bancshares Company Profile

United Security Bancshares operates as the bank holding company for United Security Bank, a state-chartered bank that provides a range of commercial banking services to the business and professional community, and individuals in California. The company accepts various deposit products, including personal and business checking accounts, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit.

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