Miracle Mile Advisors LLC Buys 7,000 Shares of United Security Bancshares (NASDAQ:UBFO)

Miracle Mile Advisors LLC lifted its stake in shares of United Security Bancshares (NASDAQ:UBFO) by 43.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 23,000 shares of the financial services provider’s stock after acquiring an additional 7,000 shares during the quarter. Miracle Mile Advisors LLC’s holdings in United Security Bancshares were worth $232,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UBFO. Barclays PLC lifted its holdings 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 buying an additional 3,171 shares during the period. Geode Capital Management LLC raised 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 worth $1,270,000 after acquiring an additional 14,668 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of United Security Bancshares by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 49,201 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 2,412 shares during the period. Banc Funds Co. LLC boosted its position in shares of United Security Bancshares by 2.5% during the 3rd quarter. Banc Funds Co. LLC now owns 573,139 shares of the financial services provider’s stock valued at $4,992,000 after purchasing an additional 13,912 shares in the last quarter. Finally, Fourthstone LLC grew its stake in United Security Bancshares by 314.5% during the third quarter. Fourthstone LLC now owns 171,540 shares of the financial services provider’s stock worth $1,494,000 after purchasing an additional 130,151 shares during the period. 30.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Robert C. Oberg, Jr. sold 4,800 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 18,228 shares of the company’s stock, valued at approximately $178,816.68. This represents a 20.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 20.10% of the company’s stock.

United Security Bancshares Trading Up 1.4 %

Shares of UBFO stock opened at $9.89 on Friday. The company has a market cap of $171.32 million, a P/E ratio of 9.70 and a beta of 0.60. United Security Bancshares has a fifty-two week low of $7.02 and a fifty-two week high of $10.49. The stock has a 50 day simple moving average of $9.82 and a two-hundred day simple moving average of $8.73. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 0.92.

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

United Security Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.85%. The ex-dividend date is Thursday, January 2nd. United Security Bancshares’s dividend payout ratio (DPR) is currently 47.06%.

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.