Millennium Management LLC Purchases 36,103 Shares of United Security Bancshares (NASDAQ:UBFO)

Millennium Management LLC raised its stake in shares of United Security Bancshares (NASDAQ:UBFO) by 330.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,013 shares of the financial services provider’s stock after purchasing an additional 36,103 shares during the period. Millennium Management LLC owned 0.27% of United Security Bancshares worth $475,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in UBFO. Empowered Funds LLC boosted its stake in shares of United Security Bancshares by 4.8% during the fourth 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 in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in United Security Bancshares during the fourth quarter worth about $120,000. Cerity Partners LLC acquired a new position in United Security Bancshares in the 4th quarter valued at about $534,000. Barclays PLC raised its stake in shares of United Security Bancshares by 36.4% in the 4th quarter. Barclays PLC now owns 38,986 shares of the financial services provider’s stock valued at $394,000 after acquiring an additional 10,410 shares during the period. Finally, Fourthstone LLC increased its stake in United Security Bancshares by 87.3% during the 4th quarter. Fourthstone LLC now owns 321,245 shares of the financial services provider’s stock worth $3,206,000 after buying an additional 149,705 shares during the period. Institutional investors own 30.88% of the company’s stock.

United Security Bancshares Trading Down 1.5%

Shares of United Security Bancshares stock opened at $8.49 on Tuesday. The stock has a market cap of $148.37 million, a price-to-earnings ratio of 9.87 and a beta of 0.37. The company has a fifty day simple moving average of $8.53 and a 200-day simple moving average of $9.30. 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 $7.07 and a 12-month high of $10.49.

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

United Security Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Monday, April 7th were issued a dividend of $0.12 per share. The ex-dividend date was Monday, April 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.65%. United Security Bancshares’s dividend payout ratio (DPR) is 61.54%.

About United Security Bancshares

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.