5 Dividend Stocks to Buy According to Fred Cummings’ Elizabeth Park Capital Management

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1. United Security Bancshares (NASDAQ:UBFO)

Elizabeth Park Capital Management Stake Value: $1,830,000
Percentage of Elizabeth Park Capital Management’s 13F Portfolio: 0.64%
Number of Hedge Fund Holders: 4
Dividend Yield: 5.68%

California-based United Security Bancshares (NASDAQ:UBFO) is a holding corporation that provides commercial banking services. In September, United Security Bancshares (NASDAQ:UBFO) announced a quarterly dividend of $0.06 per share, in line with the previous quarter’s dividend payout.

In October, United Security Bancshares (NASDAQ:UBFO) posted earnings results for the third quarter, reporting revenue of $10.27 million, up 22.6% Y/Y. The company shares have gained about 6% over the last twelve months.

United Security Bancshares (NASDAQ:UBFO) is the latest addition in Fred Cummings’ hedge fund portfolio, as Elizabeth Park Capital Management bought 150,000 shares of the company, worth $1.83 million. In the third quarter of 2021, 4 hedge funds in the database of Insider Monkey held stakes worth $6.74 million in United Security Bancshares (NASDAQ:UBFO).

You can also take a peek at 10 Dividend Stocks With Over 10% Yield and 10 Monthly Dividend Stocks With Over 5% Yield

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