Balyasny Asset Management L.P. Invests $108,000 in United Security Bancshares (NASDAQ:UBFO)

Balyasny Asset Management L.P. acquired a new stake in United Security Bancshares (NASDAQ:UBFO) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,684 shares of the financial services provider’s stock, valued at approximately $108,000.

Several other large investors also recently modified their holdings of UBFO. Bank of America Corp DE lifted its holdings in United Security Bancshares by 1,292.4% in the fourth quarter. Bank of America Corp DE now owns 3,648 shares of the financial services provider’s stock valued at $37,000 after buying an additional 3,386 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of United Security Bancshares during the 4th quarter valued at about $120,000. Schonfeld Strategic Advisors LLC acquired a new stake in United Security Bancshares during the fourth quarter worth approximately $159,000. Jane Street Group LLC bought a new stake in United Security Bancshares in the fourth quarter worth approximately $176,000. Finally, Northern Trust Corp increased its holdings in United Security Bancshares by 11.1% in the fourth quarter. Northern Trust Corp now owns 25,742 shares of the financial services provider’s stock worth $260,000 after purchasing an additional 2,574 shares in the last quarter. 30.88% of the stock is currently owned by institutional investors and hedge funds.

United Security Bancshares Price Performance

United Security Bancshares stock opened at $8.95 on Monday. The stock has a market capitalization of $156.41 million, a price-to-earnings ratio of 10.41 and a beta of 0.37. United Security Bancshares has a 52-week low of $7.07 and a 52-week high of $10.49. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 0.92. The stock’s 50 day moving average price is $8.67 and its two-hundred day moving average price is $9.36.

United Security Bancshares (NASDAQ:UBFO) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.16 earnings per share for the quarter. The firm had revenue of $13.66 million during the quarter. United Security Bancshares had a net margin of 22.58% and a return on equity of 11.54%.

United Security Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Monday, April 7th were issued a $0.12 dividend. The ex-dividend date was Monday, April 7th. This represents a $0.48 annualized dividend and a yield of 5.36%. United Security Bancshares’s payout ratio is currently 61.54%.

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.