United Security Bancshares (NASDAQ:UBFO) Lowered to Sell Rating by Wall Street Zen

United Security Bancshares (NASDAQ:UBFO) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

United Security Bancshares Price Performance

Shares of NASDAQ UBFO opened at $8.60 on Friday. United Security Bancshares has a 1-year low of $7.30 and a 1-year high of $10.49. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.92 and a quick ratio of 0.92. The business’s fifty day moving average price is $8.68 and its two-hundred day moving average price is $9.03. The firm has a market capitalization of $150.33 million, a PE ratio of 13.03 and a beta of 0.36.

United Security Bancshares (NASDAQ:UBFO) last issued its earnings results on Thursday, July 17th. The financial services provider reported $0.13 earnings per share for the quarter. United Security Bancshares had a return on equity of 8.46% and a net margin of 17.07%. The firm had revenue of $12.62 million for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Y Intercept Hong Kong Ltd increased its holdings in shares of United Security Bancshares by 20.6% during the first quarter. Y Intercept Hong Kong Ltd now owns 14,360 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 2,452 shares during the period. Northern Trust Corp increased its holdings in shares of United Security Bancshares by 11.1% during the fourth quarter. Northern Trust Corp now owns 25,742 shares of the financial services provider’s stock valued at $260,000 after purchasing an additional 2,574 shares during the period. Bank of America Corp DE increased its holdings in shares of United Security Bancshares by 1,292.4% during the fourth quarter. Bank of America Corp DE now owns 3,648 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 3,386 shares during the period. Empowered Funds LLC increased its holdings in shares of United Security Bancshares by 7.9% during the first quarter. Empowered Funds LLC now owns 55,608 shares of the financial services provider’s stock valued at $498,000 after purchasing an additional 4,068 shares during the period. Finally, Barclays PLC increased its holdings in shares of United Security Bancshares by 36.4% during the fourth quarter. Barclays PLC now owns 38,986 shares of the financial services provider’s stock valued at $394,000 after purchasing an additional 10,410 shares during the period. 30.88% of the stock is owned by institutional investors and hedge funds.

About United Security Bancshares

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.