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

Analysts at StockNews.com initiated coverage on shares of United Security Bancshares (NASDAQ:UBFOGet Free Report) in a research note issued to investors on Friday. The firm set a “hold” rating on the financial services provider’s stock.

United Security Bancshares Trading Down 0.6 %

NASDAQ:UBFO opened at $7.21 on Friday. The firm has a market capitalization of $124.84 million, a P/E ratio of 6.93 and a beta of 0.62. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.91 and a quick ratio of 0.91. United Security Bancshares has a one year low of $6.37 and a one year high of $8.74. The company’s 50-day simple moving average is $7.31 and its 200 day simple moving average is $7.65.

United Security Bancshares (NASDAQ:UBFOGet Free Report) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.24 EPS for the quarter. The firm had revenue of $12.77 million for the quarter. United Security Bancshares had a return on equity of 14.94% and a net margin of 27.07%.

Insider Transactions at United Security Bancshares

In other United Security Bancshares news, Director Jagroop Gill bought 4,543 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were acquired at an average cost of $7.25 per share, for a total transaction of $32,936.75. Following the purchase, the director now owns 1,071,412 shares in the company, valued at approximately $7,767,737. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have bought 22,017 shares of company stock worth $159,943. Corporate insiders own 20.10% of the company’s stock.

Hedge Funds Weigh In On United Security Bancshares

A number of hedge funds have recently bought and sold shares of the business. Bridgewealth Advisory Group LLC raised its holdings in shares of United Security Bancshares by 3.8% during the third quarter. Bridgewealth Advisory Group LLC now owns 1,193,088 shares of the financial services provider’s stock valued at $8,877,000 after purchasing an additional 44,182 shares during the last quarter. Vanguard Group Inc. raised its stake in United Security Bancshares by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 558,965 shares of the financial services provider’s stock valued at $4,310,000 after buying an additional 14,472 shares during the last quarter. Kennedy Capital Management LLC lifted its holdings in shares of United Security Bancshares by 33.6% during the 1st quarter. Kennedy Capital Management LLC now owns 78,141 shares of the financial services provider’s stock valued at $602,000 after buying an additional 19,658 shares during the period. Empowered Funds LLC lifted its holdings in shares of United Security Bancshares by 7.8% during the 1st quarter. Empowered Funds LLC now owns 43,549 shares of the financial services provider’s stock valued at $336,000 after buying an additional 3,150 shares during the period. Finally, Planning Center Inc. purchased a new position in shares of United Security Bancshares in the 4th quarter worth $303,000. Hedge funds and other institutional investors own 30.88% of the company’s stock.

United Security Bancshares Company Profile

(Get Free Report)

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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