Banc Funds Co. LLC Acquires 13,912 Shares of United Security Bancshares (NASDAQ:UBFO)

Banc Funds Co. LLC grew its holdings in United Security Bancshares (NASDAQ:UBFO) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 573,139 shares of the financial services provider’s stock after purchasing an additional 13,912 shares during the period. Banc Funds Co. LLC owned about 3.31% of United Security Bancshares worth $4,992,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Miracle Mile Advisors LLC lifted its holdings in shares of United Security Bancshares by 23.1% during the third quarter. Miracle Mile Advisors LLC now owns 16,000 shares of the financial services provider’s stock valued at $139,000 after purchasing an additional 3,000 shares in the last quarter. Empowered Funds LLC lifted its stake in United Security Bancshares by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 49,201 shares of the financial services provider’s stock valued at $429,000 after acquiring an additional 2,412 shares during the period. Private Wealth Advisors LLC grew its stake in shares of United Security Bancshares by 1.6% in the second quarter. Private Wealth Advisors LLC now owns 81,811 shares of the financial services provider’s stock worth $591,000 after acquiring an additional 1,299 shares during the period. Fourthstone LLC raised its holdings in shares of United Security Bancshares by 314.5% during the third quarter. Fourthstone LLC now owns 171,540 shares of the financial services provider’s stock valued at $1,494,000 after purchasing an additional 130,151 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in United Security Bancshares by 2.7% during the first quarter. Vanguard Group Inc. now owns 558,965 shares of the financial services provider’s stock valued at $4,310,000 after purchasing an additional 14,472 shares during the period. Hedge funds and other institutional investors own 30.88% of the company’s stock.

United Security Bancshares Stock Up 0.6 %

United Security Bancshares stock opened at $9.83 on Monday. United Security Bancshares has a one year low of $7.02 and a one year high of $9.86. The stock has a fifty day moving average of $8.94 and a 200 day moving average of $8.10. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market cap of $170.26 million, a PE ratio of 9.64 and a beta of 0.59.

United Security Bancshares (NASDAQ:UBFO) last released its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.22 EPS for the quarter. United Security Bancshares had a net margin of 25.78% and a return on equity of 13.96%. The firm had revenue of $13.84 million during the quarter.

United Security Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Monday, October 7th were given a $0.12 dividend. The ex-dividend date was Monday, October 7th. This represents a $0.48 annualized dividend and a yield of 4.88%. United Security Bancshares’s payout ratio is presently 47.06%.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of United Security Bancshares in a research report on Thursday, September 5th. They issued a “hold” rating for the company.

About United Security Bancshares

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.