14,000 Shares in United Security Bancshares (NASDAQ:UBFO) Bought by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC acquired a new position in shares of United Security Bancshares (NASDAQ:UBFO) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,000 shares of the financial services provider’s stock, valued at approximately $108,000. Miracle Mile Advisors LLC owned 0.08% of United Security Bancshares at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Kennedy Capital Management LLC boosted its holdings in United Security Bancshares by 8.8% in the 3rd quarter. Kennedy Capital Management LLC now owns 58,454 shares of the financial services provider’s stock valued at $435,000 after purchasing an additional 4,749 shares during the period. Planning Center Inc. bought a new position in shares of United Security Bancshares during the 4th quarter worth about $303,000. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of United Security Bancshares by 13.6% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 32,848 shares of the financial services provider’s stock worth $244,000 after acquiring an additional 3,933 shares during the period. 30.88% of the stock is owned by institutional investors.

United Security Bancshares Trading Down 1.0 %

Shares of United Security Bancshares stock opened at $7.15 on Wednesday. The stock has a market capitalization of $123.84 million, a P/E ratio of 6.88 and a beta of 0.59. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.09. The company has a 50-day simple moving average of $7.27 and a 200 day simple moving average of $7.54. United Security Bancshares has a 12-month low of $6.44 and a 12-month high of $8.74.

United Security Bancshares (NASDAQ:UBFO) last announced its earnings results on Thursday, April 18th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter. The business had revenue of $12.77 million during the quarter. United Security Bancshares had a net margin of 27.07% and a return on equity of 14.94%.

United Security Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Monday, July 8th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 6.71%. The ex-dividend date is Monday, July 8th. United Security Bancshares’s payout ratio is presently 46.15%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of United Security Bancshares in a research report on Monday. They set a “hold” rating for the company.

Insider Buying and Selling at United Security Bancshares

In related news, Director Jagroop Gill acquired 8,255 shares of the stock in a transaction on Tuesday, June 11th. The stock was purchased at an average price of $7.20 per share, for a total transaction of $59,436.00. Following the transaction, the director now owns 1,079,667 shares of the company’s stock, valued at approximately $7,773,602.40. The acquisition was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders purchased 27,394 shares of company stock worth $197,794. 20.10% of the stock is currently owned by corporate insiders.

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.