United Security Bancshares (NASDAQ:UBFO) Shares Cross Above 50 Day Moving Average – Here’s What Happened

United Security Bancshares (NASDAQ:UBFO)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $9.19 and traded as high as $10.43. United Security Bancshares shares last traded at $10.30, with a volume of 29,405 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of United Security Bancshares in a report on Thursday, September 5th. They set a “hold” rating for the company.

United Security Bancshares Stock Performance

The stock’s fifty day moving average price is $9.22 and its two-hundred day moving average price is $8.28. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $178.57 million, a P/E ratio of 10.11 and a beta of 0.61.

United Security Bancshares (NASDAQ:UBFO) last released its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $13.84 million during the quarter. United Security Bancshares had a net margin of 25.78% and a return on equity of 13.96%.

United Security Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Monday, October 7th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend was Monday, October 7th. United Security Bancshares’s dividend payout ratio (DPR) is currently 47.06%.

Insider Buying and Selling at United Security Bancshares

In other news, SVP Robert C. Oberg, Jr. sold 4,800 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $9.81, for a total transaction of $47,088.00. Following the completion of the sale, the senior vice president now directly owns 18,228 shares in the company, valued at $178,816.68. This represents a 20.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 20.10% of the company’s stock.

Institutional Investors Weigh In On United Security Bancshares

Several large investors have recently modified their holdings of the company. Private Wealth Advisors LLC increased its position in shares of United Security Bancshares by 1.5% during the third quarter. Private Wealth Advisors LLC now owns 83,044 shares of the financial services provider’s stock worth $716,000 after buying an additional 1,233 shares during the period. Empowered Funds LLC boosted its stake in United Security Bancshares by 5.2% during the third quarter. Empowered Funds LLC now owns 49,201 shares of the financial services provider’s stock worth $429,000 after acquiring an additional 2,412 shares in the last quarter. Miracle Mile Advisors LLC boosted its stake in United Security Bancshares by 23.1% during the third quarter. Miracle Mile Advisors LLC now owns 16,000 shares of the financial services provider’s stock worth $139,000 after acquiring an additional 3,000 shares in the last quarter. Barclays PLC boosted its stake in United Security Bancshares by 12.5% during the third quarter. Barclays PLC now owns 28,576 shares of the financial services provider’s stock worth $248,000 after acquiring an additional 3,171 shares in the last quarter. Finally, Banc Funds Co. LLC boosted its stake in United Security Bancshares by 2.5% during the third quarter. Banc Funds Co. LLC now owns 573,139 shares of the financial services provider’s stock worth $4,992,000 after acquiring an additional 13,912 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.