BlackRock Inc. Buys 49,775 Shares of United Security Bancshares (NASDAQ:UBFO)

BlackRock Inc. grew its stake in United Security Bancshares (NASDAQ:UBFO) by 7.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 676,348 shares of the financial services provider’s stock after purchasing an additional 49,775 shares during the quarter. BlackRock Inc. owned approximately 3.99% of United Security Bancshares worth $7,704,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Renaissance Technologies LLC lifted its holdings in shares of United Security Bancshares by 6.9% in the second quarter. Renaissance Technologies LLC now owns 250,838 shares of the financial services provider’s stock valued at $2,857,000 after purchasing an additional 16,200 shares in the last quarter. AE Wealth Management LLC bought a new position in shares of United Security Bancshares in the second quarter valued at approximately $194,000. Northern Trust Corp lifted its holdings in shares of United Security Bancshares by 3.0% in the second quarter. Northern Trust Corp now owns 142,255 shares of the financial services provider’s stock valued at $1,620,000 after purchasing an additional 4,171 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of United Security Bancshares by 7.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 32,297 shares of the financial services provider’s stock valued at $368,000 after purchasing an additional 2,274 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings in shares of United Security Bancshares by 107.5% in the second quarter. Panagora Asset Management Inc. now owns 28,138 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 14,575 shares in the last quarter. Institutional investors own 23.55% of the company’s stock.

Separately, ValuEngine upgraded United Security Bancshares from a “sell” rating to a “hold” rating in a report on Monday, October 7th.

Shares of United Security Bancshares stock opened at $10.35 on Wednesday. The business’s fifty day simple moving average is $10.50 and its 200 day simple moving average is $10.54. The firm has a market capitalization of $174.96 million, a P/E ratio of 10.75 and a beta of 0.43. United Security Bancshares has a 12 month low of $9.18 and a 12 month high of $11.45. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

The firm also recently declared a — dividend, which was paid on Friday, October 18th. Investors of record on Tuesday, October 8th were issued a dividend of $0.11 per share. The ex-dividend date was Monday, October 7th. This represents a yield of 4.2%.

United Security Bancshares Profile

United Security Bancshares operates as the 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.

See Also: How can you know how many shares are floating?

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

Receive News & Ratings for United Security Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Security Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.