United Security Bancshares (NASDAQ:UBFO) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of United Security Bancshares (NASDAQ:UBFOGet Rating) in a research note issued on Friday. The brokerage set a “hold” rating on the financial services provider’s stock.

United Security Bancshares stock opened at $7.60 on Friday. The firm has a market cap of $129.46 million, a PE ratio of 11.69 and a beta of 0.72. United Security Bancshares has a 52-week low of $7.28 and a 52-week high of $8.74. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.09. The company’s 50 day moving average is $8.16 and its two-hundred day moving average is $8.15.

Institutional investors have recently added to or reduced their stakes in the business. Strategic Value Bank Partners LLC acquired a new stake in shares of United Security Bancshares in the 4th quarter valued at $7,572,000. American Century Companies Inc. raised its stake in United Security Bancshares by 29.7% during the 1st quarter. American Century Companies Inc. now owns 66,340 shares of the financial services provider’s stock worth $551,000 after acquiring an additional 15,205 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. raised its stake in United Security Bancshares by 3.2% during the 4th quarter. Elizabeth Park Capital Advisors Ltd. now owns 420,179 shares of the financial services provider’s stock worth $3,412,000 after acquiring an additional 13,157 shares in the last quarter. Geode Capital Management LLC raised its stake in United Security Bancshares by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 111,584 shares of the financial services provider’s stock worth $892,000 after acquiring an additional 4,952 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in United Security Bancshares by 263.3% during the 2nd quarter. Royal Bank of Canada now owns 3,891 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 2,820 shares in the last quarter. Institutional investors own 37.02% of the company’s stock.

About United Security Bancshares (Get Rating)

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.

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