Yakira Capital Management Inc. Makes New Investment in United Security Bancshares $UBFO

Yakira Capital Management Inc. acquired a new position in shares of United Security Bancshares (NASDAQ:UBFO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 61,683 shares of the financial services provider’s stock, valued at approximately $621,000. Yakira Capital Management Inc. owned about 0.35% of United Security Bancshares at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Empowered Funds LLC boosted its stake in shares of United Security Bancshares by 11.2% during the 4th quarter. Empowered Funds LLC now owns 71,287 shares of the financial services provider’s stock worth $718,000 after buying an additional 7,167 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of United Security Bancshares by 64.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 59,523 shares of the financial services provider’s stock worth $533,000 after buying an additional 23,284 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of United Security Bancshares by 300.6% during the 4th quarter. Wells Fargo & Company MN now owns 42,524 shares of the financial services provider’s stock worth $428,000 after buying an additional 31,908 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of United Security Bancshares by 167.3% during the 1st quarter. Jane Street Group LLC now owns 46,490 shares of the financial services provider’s stock worth $417,000 after buying an additional 29,096 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of United Security Bancshares by 91.8% during the 3rd quarter. Bank of America Corp DE now owns 28,710 shares of the financial services provider’s stock worth $268,000 after buying an additional 13,741 shares during the last quarter. 30.88% of the stock is currently owned by institutional investors and hedge funds.

United Security Bancshares Stock Performance

United Security Bancshares stock opened at $10.51 on Monday. The firm has a 50-day moving average of $10.51 and a 200-day moving average of $10.43. United Security Bancshares has a one year low of $7.32 and a one year high of $11.52. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $181.36 million, a price-to-earnings ratio of 14.80 and a beta of 0.34.

United Security Bancshares Profile

United Security Bancshares, Inc is a bank holding company based in Vancouver, Washington, whose primary subsidiary, United Security Bank, delivers community banking services in the Pacific Northwest. The company engages in core banking activities, including accepting deposits, extending commercial and residential real estate loans, and offering consumer lending solutions tailored to local businesses and individuals.

Its product offerings include a variety of deposit accounts such as business checking, savings, money market accounts and certificates of deposit.