StockNews.com assumed coverage on shares of United Security Bancshares (NASDAQ:UBFO – Free Report) in a research note published on Thursday. The brokerage issued a hold rating on the financial services provider’s stock.
United Security Bancshares Stock Down 1.0 %
NASDAQ:UBFO opened at $8.05 on Thursday. The stock has a market cap of $139.39 million, a price-to-earnings ratio of 7.74 and a beta of 0.59. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average price of $7.77 and a two-hundred day moving average price of $7.50. United Security Bancshares has a 1 year low of $6.78 and a 1 year high of $8.74.
United Security Bancshares (NASDAQ:UBFO – Get Free Report) last posted its earnings results on Thursday, July 18th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter. United Security Bancshares had a return on equity of 14.48% and a net margin of 26.73%. The business had revenue of $13.04 million during the quarter.
United Security Bancshares Announces Dividend
Insider Buying and Selling
In other news, Director Jagroop Gill purchased 140,384 shares of United Security Bancshares stock in a transaction on Wednesday, July 24th. The stock was purchased at an average price of $7.96 per share, with a total value of $1,117,456.64. Following the transaction, the director now directly owns 1,220,051 shares in the company, valued at approximately $9,711,605.96. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders bought 150,639 shares of company stock worth $1,192,113. 20.10% of the stock is owned by corporate insiders.
Institutional Trading of United Security Bancshares
A number of hedge funds and other institutional investors have recently made changes to their positions in UBFO. Miracle Mile Advisors LLC acquired a new stake in shares of United Security Bancshares in the first quarter valued at approximately $108,000. Salzhauer Michael grew its stake in shares of United Security Bancshares by 6.7% in the first quarter. Salzhauer Michael now owns 27,071 shares of the financial services provider’s stock valued at $209,000 after buying an additional 1,700 shares in the last quarter. Empowered Funds LLC grew its stake in shares of United Security Bancshares by 7.8% in the first 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 in the last quarter. Private Wealth Advisors LLC grew its stake in shares of United Security Bancshares by 1.6% in the second quarter. Private Wealth Advisors LLC now owns 81,811 shares of the financial services provider’s stock valued at $591,000 after buying an additional 1,299 shares in the last quarter. Finally, Kennedy Capital Management LLC grew its stake in shares of United Security Bancshares by 33.6% in the first 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 in the last quarter. 30.88% of the stock is currently 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.
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