Miracle Mile Advisors LLC acquired a new position in shares of United Security Bancshares (NASDAQ:UBFO – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,000 shares of the financial services provider’s stock, valued at approximately $108,000. Miracle Mile Advisors LLC owned 0.08% of United Security Bancshares at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the stock. Kennedy Capital Management LLC boosted its holdings in United Security Bancshares by 8.8% in the 3rd quarter. Kennedy Capital Management LLC now owns 58,454 shares of the financial services provider’s stock valued at $435,000 after purchasing an additional 4,749 shares during the period. Planning Center Inc. bought a new position in shares of United Security Bancshares during the 4th quarter worth about $303,000. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of United Security Bancshares by 13.6% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 32,848 shares of the financial services provider’s stock worth $244,000 after acquiring an additional 3,933 shares during the period. 30.88% of the stock is owned by institutional investors.
United Security Bancshares Trading Down 1.0 %
Shares of United Security Bancshares stock opened at $7.15 on Wednesday. The stock has a market capitalization of $123.84 million, a P/E ratio of 6.88 and a beta of 0.59. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.09. The company has a 50-day simple moving average of $7.27 and a 200 day simple moving average of $7.54. United Security Bancshares has a 12-month low of $6.44 and a 12-month high of $8.74.
United Security Bancshares Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Monday, July 8th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 6.71%. The ex-dividend date is Monday, July 8th. United Security Bancshares’s payout ratio is presently 46.15%.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on shares of United Security Bancshares in a research report on Monday. They set a “hold” rating for the company.
View Our Latest Stock Analysis on UBFO
Insider Buying and Selling at United Security Bancshares
In related news, Director Jagroop Gill acquired 8,255 shares of the stock in a transaction on Tuesday, June 11th. The stock was purchased at an average price of $7.20 per share, for a total transaction of $59,436.00. Following the transaction, the director now owns 1,079,667 shares of the company’s stock, valued at approximately $7,773,602.40. The acquisition was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders purchased 27,394 shares of company stock worth $197,794. 20.10% of the stock is currently owned by corporate insiders.
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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