United Security Bancshares (NASDAQ:UBFO) Now Covered by StockNews.com

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

United Security Bancshares Price Performance

UBFO opened at $8.14 on Thursday. The company has a fifty day simple moving average of $7.37 and a 200 day simple moving average of $7.46. The stock has a market cap of $140.98 million, a P/E ratio of 7.83 and a beta of 0.59. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.09. United Security Bancshares has a 12 month low of $6.78 and a 12 month high of $8.74.

United Security Bancshares (NASDAQ:UBFO) last released its earnings results on Thursday, July 18th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter. The firm had revenue of $13.04 million during the quarter. United Security Bancshares had a return on equity of 14.69% and a net margin of 26.73%.

Insider Activity at United Security Bancshares

In other news, Director Jagroop Gill bought 8,080 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average cost of $7.25 per share, for a total transaction of $58,580.00. Following the purchase, the director now owns 1,059,492 shares of the company’s stock, valued at approximately $7,681,317. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders bought 167,778 shares of company stock worth $1,315,250. Insiders own 20.10% of the company’s stock.

Institutional Investors Weigh In On United Security Bancshares

Several hedge funds have recently bought and sold shares of the company. Planning Center Inc. acquired a new stake in United Security Bancshares during the fourth quarter worth approximately $303,000. Kennedy Capital Management LLC raised its position 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. Vanguard Group Inc. raised its position in shares of United Security Bancshares by 2.7% in the first 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 in the last quarter. Miracle Mile Advisors LLC acquired a new stake in shares of United Security Bancshares in the first quarter valued at approximately $108,000. Finally, Empowered Funds LLC raised its position 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. 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.