Alliancebernstein L.P. Cuts Stock Position in United Security Bancshares (NASDAQ:UBFO)

Alliancebernstein L.P. trimmed its position in shares of United Security Bancshares (NASDAQ:UBFO) by 20.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 143,404 shares of the financial services provider’s stock after selling 36,700 shares during the period. Alliancebernstein L.P. owned about 0.83% of United Security Bancshares worth $1,448,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of United Security Bancshares by 11.2% during the third quarter. Geode Capital Management LLC now owns 145,776 shares of the financial services provider’s stock worth $1,270,000 after acquiring an additional 14,668 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of United Security Bancshares by 4.8% during the 4th quarter. Empowered Funds LLC now owns 51,540 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 2,339 shares during the last quarter. Barclays PLC raised its position 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 worth $248,000 after purchasing an additional 3,171 shares during the period. Miracle Mile Advisors LLC lifted its stake in United Security Bancshares by 43.8% in the fourth quarter. Miracle Mile Advisors LLC now owns 23,000 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in United Security Bancshares in the fourth quarter worth $120,000. Institutional investors own 30.88% of the company’s stock.

United Security Bancshares Stock Up 1.8 %

Shares of NASDAQ:UBFO opened at $7.93 on Friday. The stock has a market capitalization of $138.58 million, a P/E ratio of 9.22 and a beta of 0.37. The stock’s 50-day moving average price is $9.01 and its 200-day moving average price is $9.32. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09. United Security Bancshares has a 12-month low of $7.02 and a 12-month high of $10.49.

United Security Bancshares (NASDAQ:UBFO) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter. United Security Bancshares had a return on equity of 11.54% and a net margin of 22.58%.

United Security Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Monday, April 7th will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, April 7th. This represents a $0.48 dividend on an annualized basis and a yield of 6.05%. United Security Bancshares’s dividend payout ratio is currently 55.81%.

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.