Geode Capital Management LLC Has $1.27 Million Position in United Security Bancshares (NASDAQ:UBFO)

Geode Capital Management LLC raised its stake in shares of United Security Bancshares (NASDAQ:UBFO) by 11.2% in the third quarter, Holdings Channel reports. The fund owned 145,776 shares of the financial services provider’s stock after acquiring an additional 14,668 shares during the period. Geode Capital Management LLC’s holdings in United Security Bancshares were worth $1,270,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in UBFO. Miracle Mile Advisors LLC increased its position in shares of United Security Bancshares by 23.1% during the 3rd quarter. Miracle Mile Advisors LLC now owns 16,000 shares of the financial services provider’s stock worth $139,000 after purchasing an additional 3,000 shares in the last quarter. Private Wealth Advisors LLC grew its stake in United Security Bancshares by 1.5% during the third quarter. Private Wealth Advisors LLC now owns 83,044 shares of the financial services provider’s stock worth $716,000 after buying an additional 1,233 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of United Security Bancshares by 5.2% during the third quarter. Empowered Funds LLC now owns 49,201 shares of the financial services provider’s stock worth $429,000 after buying an additional 2,412 shares in the last quarter. Fourthstone LLC raised its stake in shares of United Security Bancshares by 314.5% in the third quarter. Fourthstone LLC now owns 171,540 shares of the financial services provider’s stock valued at $1,494,000 after acquiring an additional 130,151 shares during the last quarter. Finally, Banc Funds Co. LLC raised its stake in shares of United Security Bancshares by 2.5% in the third quarter. Banc Funds Co. LLC now owns 573,139 shares of the financial services provider’s stock valued at $4,992,000 after acquiring an additional 13,912 shares during the last quarter. Institutional investors and hedge funds own 30.88% of the company’s stock.

United Security Bancshares Stock Down 0.2 %

NASDAQ UBFO opened at $9.83 on Friday. The stock’s 50 day simple moving average is $9.76 and its 200 day simple moving average is $8.65. United Security Bancshares has a one year low of $7.02 and a one year high of $10.49. The firm has a market cap of $170.29 million, a PE ratio of 9.64 and a beta of 0.60. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.92 and a quick ratio of 0.92.

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

United Security Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.88%. The ex-dividend date is Thursday, January 2nd. United Security Bancshares’s payout ratio is presently 47.06%.

Insiders Place Their Bets

In other news, SVP Robert C. Oberg, Jr. sold 4,800 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $9.81, for a total transaction of $47,088.00. Following the completion of the sale, the senior vice president now owns 18,228 shares in the company, valued at $178,816.68. The trade was a 20.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 20.10% of the company’s stock.

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.