Empowered Funds LLC Has $429,000 Stock Holdings in United Security Bancshares (NASDAQ:UBFO)

Empowered Funds LLC lifted its stake in United Security Bancshares (NASDAQ:UBFO) by 5.2% during the third quarter, Holdings Channel reports. The fund owned 49,201 shares of the financial services provider’s stock after acquiring an additional 2,412 shares during the quarter. Empowered Funds LLC’s holdings in United Security Bancshares were worth $429,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of United Security Bancshares by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 558,965 shares of the financial services provider’s stock worth $4,310,000 after purchasing an additional 14,472 shares during the period. Miracle Mile Advisors LLC grew its holdings in United Security Bancshares by 23.1% during the 3rd quarter. Miracle Mile Advisors LLC now owns 16,000 shares of the financial services provider’s stock worth $139,000 after acquiring an additional 3,000 shares during the last quarter. Kennedy Capital Management LLC raised its position in shares of United Security Bancshares by 33.6% during the first quarter. Kennedy Capital Management LLC now owns 78,141 shares of the financial services provider’s stock worth $602,000 after acquiring an additional 19,658 shares during the last quarter. Finally, Private Wealth Advisors LLC boosted its stake in United Security Bancshares by 1.5% in the third quarter. Private Wealth Advisors LLC now owns 83,044 shares of the financial services provider’s stock valued at $716,000 after acquiring an additional 1,233 shares during the last quarter. 30.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on United Security Bancshares in a report on Thursday, September 5th. They set a “hold” rating on the stock.

United Security Bancshares Stock Up 1.4 %

United Security Bancshares stock opened at $9.67 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09. The company has a fifty day simple moving average of $8.81 and a 200 day simple moving average of $8.02. The company has a market cap of $167.48 million, a P/E ratio of 9.48 and a beta of 0.59. United Security Bancshares has a 1-year low of $7.02 and a 1-year high of $9.77.

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

United Security Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Monday, October 7th were issued a $0.12 dividend. The ex-dividend date was Monday, October 7th. This represents a $0.48 annualized dividend and a yield of 4.96%. United Security Bancshares’s dividend payout ratio is presently 47.06%.

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.