Maltese Capital Management LLC Lowers Position in United Security Bancshares (UBFO)

Maltese Capital Management LLC lessened its stake in shares of United Security Bancshares (NASDAQ:UBFO) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,000 shares of the financial services provider’s stock after selling 10,000 shares during the period. Maltese Capital Management LLC owned approximately 0.89% of United Security Bancshares worth $1,650,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of UBFO. Acadian Asset Management LLC boosted its stake in shares of United Security Bancshares by 166.0% in the 4th quarter. Acadian Asset Management LLC now owns 11,452 shares of the financial services provider’s stock worth $126,000 after buying an additional 7,147 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of United Security Bancshares by 1,779,700.0% in the 3rd quarter. Wells Fargo & Company MN now owns 17,798 shares of the financial services provider’s stock worth $169,000 after buying an additional 17,797 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of United Security Bancshares in the 3rd quarter worth $130,000. Bank of New York Mellon Corp lifted its position in United Security Bancshares by 4.3% during the third quarter. Bank of New York Mellon Corp now owns 170,586 shares of the financial services provider’s stock valued at $1,621,000 after purchasing an additional 6,981 shares in the last quarter. Finally, Context BH Capital Management LP lifted its position in United Security Bancshares by 9.8% during the third quarter. Context BH Capital Management LP now owns 173,153 shares of the financial services provider’s stock valued at $1,645,000 after purchasing an additional 15,430 shares in the last quarter. Institutional investors and hedge funds own 29.70% of the company’s stock.

United Security Bancshares (NASDAQ:UBFO) traded down $0.20 during trading hours on Thursday, reaching $10.30. The company’s stock had a trading volume of 14,600 shares, compared to its average volume of 21,925. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $177.30, a PE ratio of 18.42 and a beta of 0.33. United Security Bancshares has a twelve month low of $6.81 and a twelve month high of $11.65.

United Security Bancshares (NASDAQ:UBFO) last posted its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.16 EPS for the quarter. United Security Bancshares had a return on equity of 9.66% and a net margin of 23.21%. The business had revenue of $9.30 million for the quarter.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Thursday, January 4th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, January 3rd. This represents a $0.28 annualized dividend and a dividend yield of 2.72%. United Security Bancshares’s dividend payout ratio (DPR) is 54.90%.

Separately, ValuEngine downgraded United Security Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

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United Security Bancshares Company Profile

United Security Bancshares is the bank holding company for United Security Bank (the Bank). The Bank is a California state-chartered bank. The Bank operates in the segment of providing banking services to commercial establishments and individuals primarily in the San Joaquin Valley of California. The Bank offers a range of services for commercial customers and account holders, including online banking, mobile banking, safe deposit boxes, automated teller machine (ATM) services, payroll direct deposit, cashier’s checks, traveler’s checks, money orders and foreign drafts.

Institutional Ownership by Quarter for United Security Bancshares (NASDAQ:UBFO)

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