United Security Bancshares (NASDAQ:UBFO) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

United Security Bancshares (NASDAQ:UBFO) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $9.88 and traded as high as $10.14. United Security Bancshares shares last traded at $10.12, with a volume of 36,295 shares traded.

Wall Street Analyst Weigh In

Several research firms have recently commented on UBFO. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of United Security Bancshares in a report on Wednesday, October 8th. Wall Street Zen upgraded United Security Bancshares to a “hold” rating in a research report on Saturday, December 20th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

United Security Bancshares Trading Up 0.5%

The firm has a market capitalization of $177.91 million, a P/E ratio of 15.10 and a beta of 0.35. The business’s 50 day moving average is $9.88 and its two-hundred day moving average is $9.33. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.07.

United Security Bancshares (NASDAQ:UBFO) last announced its earnings results on Thursday, October 16th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter. United Security Bancshares had a net margin of 17.51% and a return on equity of 8.50%. The firm had revenue of $14.04 million during the quarter.

United Security Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 13th. Investors of record on Friday, December 26th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, December 26th. United Security Bancshares’s dividend payout ratio (DPR) is currently 71.64%.

Hedge Funds Weigh In On United Security Bancshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of United Security Bancshares in the 2nd quarter worth $29,000. BNP Paribas Financial Markets acquired a new position in United Security Bancshares during the second quarter worth about $29,000. KERR FINANCIAL PLANNING Corp bought a new stake in United Security Bancshares in the third quarter worth about $33,000. Bank of America Corp DE raised its position in United Security Bancshares by 1,292.4% in the fourth quarter. Bank of America Corp DE now owns 3,648 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 3,386 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in United Security Bancshares by 7,061.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,660 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 6,567 shares during the last quarter. 30.88% of the stock is owned by institutional investors.

United Security Bancshares Company Profile

United Security Bancshares, Inc is a bank holding company based in Vancouver, Washington, whose primary subsidiary, United Security Bank, delivers community banking services in the Pacific Northwest. The company engages in core banking activities, including accepting deposits, extending commercial and residential real estate loans, and offering consumer lending solutions tailored to local businesses and individuals.

Its product offerings include a variety of deposit accounts such as business checking, savings, money market accounts and certificates of deposit.