Cerity Partners LLC Takes Position in United Security Bancshares (NASDAQ:UBFO)

Cerity Partners LLC acquired a new position in shares of United Security Bancshares (NASDAQ:UBFO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 52,872 shares of the financial services provider’s stock, valued at approximately $534,000. Cerity Partners LLC owned about 0.31% of United Security Bancshares at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Barclays PLC grew its stake in United Security Bancshares by 12.5% in the third quarter. Barclays PLC now owns 28,576 shares of the financial services provider’s stock valued at $248,000 after acquiring an additional 3,171 shares during the period. Geode Capital Management LLC grew its position in shares of United Security Bancshares by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 145,776 shares of the financial services provider’s stock valued at $1,270,000 after purchasing an additional 14,668 shares during the period. Miracle Mile Advisors LLC increased its stake in United Security Bancshares by 43.8% during the 4th 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 in the last quarter. Empowered Funds LLC raised its holdings in 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 worth $514,000 after buying an additional 2,339 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in United Security Bancshares in the fourth quarter valued at approximately $120,000. Institutional investors and hedge funds own 30.88% of the company’s stock.

United Security Bancshares Stock Up 1.0 %

Shares of UBFO stock opened at $8.01 on Tuesday. United Security Bancshares has a 12-month low of $7.02 and a 12-month high of $10.49. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.09. The firm has a fifty day moving average of $8.93 and a 200-day moving average of $9.32. The company has a market capitalization of $139.98 million, a price-to-earnings ratio of 9.31 and a beta of 0.37.

United Security Bancshares (NASDAQ:UBFO) last released its earnings results on Thursday, April 17th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $13.66 million during the quarter. United Security Bancshares had a return on equity of 11.54% and a net margin of 22.58%.

United Security Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Monday, April 7th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $0.48 annualized dividend and a dividend yield of 5.99%. United Security Bancshares’s dividend payout ratio is currently 55.81%.

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.