United Security Bancshares (NASDAQ:UBFO) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of United Security Bancshares (NASDAQ:UBFOGet Rating) in a report issued on Sunday. The firm set a “hold” rating on the financial services provider’s stock.

NASDAQ:UBFO opened at $7.81 on Friday. United Security Bancshares has a fifty-two week low of $7.28 and a fifty-two week high of $8.74. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $133.04 million, a PE ratio of 12.02 and a beta of 0.72. The business’s 50-day simple moving average is $7.96 and its 200-day simple moving average is $8.10.

Institutional investors have recently made changes to their positions in the stock. Strategic Value Bank Partners LLC acquired a new stake in United Security Bancshares in the 4th quarter valued at approximately $7,572,000. Private Wealth Advisors LLC increased its position in shares of United Security Bancshares by 2.4% during the 3rd quarter. Private Wealth Advisors LLC now owns 91,001 shares of the financial services provider’s stock worth $719,000 after purchasing an additional 2,118 shares during the last quarter. American Century Companies Inc. increased its position in shares of United Security Bancshares by 16.4% during the 3rd quarter. American Century Companies Inc. now owns 37,003 shares of the financial services provider’s stock worth $296,000 after purchasing an additional 5,204 shares during the last quarter. Geode Capital Management LLC increased its position in shares of 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 purchasing an additional 4,952 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of United Security Bancshares by 19.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 22,364 shares of the financial services provider’s stock worth $186,000 after purchasing an additional 3,668 shares during the last quarter. 37.02% of the stock is currently owned by institutional investors and hedge funds.

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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