Vanguard Group Inc Buys 3,910 Shares of United Security Bancshares (UBFO)

Vanguard Group Inc increased its stake in shares of United Security Bancshares (NASDAQ:UBFO) by 0.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 505,719 shares of the financial services provider’s stock after acquiring an additional 3,910 shares during the quarter. Vanguard Group Inc’s holdings in United Security Bancshares were worth $5,614,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in UBFO. RB Capital Management LLC bought a new stake in United Security Bancshares during the third quarter worth $227,000. Destination Wealth Management bought a new stake in United Security Bancshares during the third quarter worth $1,049,000. Renaissance Technologies LLC grew its holdings in United Security Bancshares by 8.9% during the second quarter. Renaissance Technologies LLC now owns 232,515 shares of the financial services provider’s stock worth $2,604,000 after buying an additional 19,000 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in United Security Bancshares by 3.0% during the third quarter. Dimensional Fund Advisors LP now owns 437,141 shares of the financial services provider’s stock worth $4,852,000 after buying an additional 12,669 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in United Security Bancshares by 2.3% during the second quarter. BlackRock Inc. now owns 627,773 shares of the financial services provider’s stock worth $7,031,000 after buying an additional 14,040 shares in the last quarter. Institutional investors and hedge funds own 25.20% of the company’s stock.

United Security Bancshares stock traded down $0.06 during trading on Monday, hitting $10.30. 1,352 shares of the company were exchanged, compared to its average volume of 10,200. United Security Bancshares has a 52 week low of $9.18 and a 52 week high of $11.60. The company has a market capitalization of $175.12 million, a P/E ratio of 12.48 and a beta of 0.33. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.10.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Thursday, January 3rd were issued a dividend of $0.11 per share. The ex-dividend date was Wednesday, January 2nd. This represents a $0.44 annualized dividend and a yield of 4.27%. This is an increase from United Security Bancshares’s previous quarterly dividend of $0.10.

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About United Security Bancshares

United Security Bancshares operates as the holding company for United Security Bank, a state-chartered bank that provides a range of commercial banking services primarily to the business and professional community, and individuals in California. The company offers 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.

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

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