Bank of New York Mellon Corp Raises Holdings in United Security Bancshares (UBFO)
Bank of New York Mellon Corp grew its position in United Security Bancshares (NASDAQ:UBFO) by 4.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 170,586 shares of the financial services provider’s stock after purchasing an additional 6,981 shares during the period. Bank of New York Mellon Corp owned about 1.01% of United Security Bancshares worth $1,621,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP increased its position in United Security Bancshares by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 384,699 shares of the financial services provider’s stock worth $3,558,000 after purchasing an additional 10,028 shares during the last quarter. Context BH Capital Management LP increased its position in United Security Bancshares by 9.8% in the 3rd quarter. Context BH Capital Management LP now owns 173,153 shares of the financial services provider’s stock worth $1,645,000 after purchasing an additional 15,430 shares during the last quarter. State Street Corp acquired a new position in United Security Bancshares in the 2nd quarter worth about $1,195,000. Northern Trust Corp acquired a new position in United Security Bancshares in the 2nd quarter worth about $1,099,000. Finally, Destination Wealth Management increased its position in United Security Bancshares by 1.5% in the 2nd quarter. Destination Wealth Management now owns 92,786 shares of the financial services provider’s stock worth $858,000 after purchasing an additional 1,413 shares during the last quarter. 29.73% of the stock is currently owned by institutional investors.
United Security Bancshares (NASDAQ UBFO) opened at $11.05 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.01 and a quick ratio of 1.01. United Security Bancshares has a 52-week low of $6.81 and a 52-week high of $11.20. The firm has a market capitalization of $187.43, a PE ratio of 22.14 and a beta of 0.74.
United Security Bancshares (NASDAQ:UBFO) last issued its earnings results on Tuesday, October 17th. The financial services provider reported $0.16 earnings per share for the quarter. United Security Bancshares had a return on equity of 8.65% and a net margin of 23.77%. The company had revenue of $9.33 million for the quarter.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Thursday, January 4th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Wednesday, January 3rd. United Security Bancshares’s payout ratio is currently 56.10%.
Separately, ValuEngine lowered 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.
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