StockNews.com Begins Coverage on United Security Bancshares (NASDAQ:UBFO)

Equities researchers at StockNews.com assumed coverage on shares of United Security Bancshares (NASDAQ:UBFO – Get Rating) in a research report issued on Monday. The firm set a “hold” rating on the financial services provider’s stock.

United Security Bancshares Stock Up 0.3 %

UBFO opened at $7.29 on Monday. 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 $124.18 million, a price-to-earnings ratio of 10.57 and a beta of 0.70. The business has a 50-day moving average of $7.45 and a two-hundred day moving average of $7.92. United Security Bancshares has a 12 month low of $7.02 and a 12 month high of $8.74.

Hedge Funds Weigh In On United Security Bancshares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Strategic Value Bank Partners LLC acquired a new position in United Security Bancshares during the 4th quarter worth approximately $7,572,000. Vanguard Group Inc. raised its position in shares of United Security Bancshares by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 561,235 shares of the financial services provider’s stock valued at $4,659,000 after purchasing an additional 16,246 shares in the last quarter. American Century Companies Inc. raised its position in shares of United Security Bancshares by 29.7% in the 1st quarter. American Century Companies Inc. now owns 66,340 shares of the financial services provider’s stock valued at $551,000 after purchasing an additional 15,205 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of United Security Bancshares by 19.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 22,364 shares of the financial services provider’s stock valued at $186,000 after purchasing an additional 3,668 shares in the last quarter. Finally, UBS Group AG raised its position in shares of United Security Bancshares by 80.5% in the 1st quarter. UBS Group AG now owns 7,542 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 3,363 shares in the last quarter. 37.02% of the stock is owned by institutional investors and hedge funds.

About United Security Bancshares

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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.