Private Wealth Advisors LLC Increases Position in United Security Bancshares (NASDAQ:UBFO)

Private Wealth Advisors LLC lifted its position in shares of United Security Bancshares (NASDAQ:UBFO) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,044 shares of the financial services provider’s stock after purchasing an additional 1,233 shares during the period. Private Wealth Advisors LLC owned about 0.48% of United Security Bancshares worth $716,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of UBFO. Vanguard Group Inc. grew its position in shares of United Security Bancshares by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 558,965 shares of the financial services provider’s stock valued at $4,310,000 after buying an additional 14,472 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of United Security Bancshares by 7.8% in the 1st quarter. Empowered Funds LLC now owns 43,549 shares of the financial services provider’s stock valued at $336,000 after purchasing an additional 3,150 shares during the last quarter. Miracle Mile Advisors LLC boosted its position in shares of United Security Bancshares by 23.1% in the 3rd 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 during the period. Finally, Kennedy Capital Management LLC grew its stake in United Security Bancshares by 33.6% during the 1st quarter. Kennedy Capital Management LLC now owns 78,141 shares of the financial services provider’s stock worth $602,000 after buying an additional 19,658 shares during the last quarter. Institutional investors and hedge funds own 30.88% of the company’s stock.

Analyst Ratings Changes

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

United Security Bancshares Stock Performance

United Security Bancshares stock traded up $0.08 during midday trading on Tuesday, hitting $9.30. 7,554 shares of the company’s stock were exchanged, compared to its average volume of 20,300. 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 $161.08 million, a price-to-earnings ratio of 9.04 and a beta of 0.59. United Security Bancshares has a 12-month low of $7.02 and a 12-month high of $9.41. The firm’s 50 day simple moving average is $8.57 and its 200 day simple moving average is $7.88.

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

United Security Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Monday, October 7th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date of this dividend was Monday, October 7th. United Security Bancshares’s dividend payout ratio (DPR) is 47.06%.

United Security Bancshares 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.