United Security Bancshares (NASDAQ:UBFO) Coverage Initiated at StockNews.com

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

United Security Bancshares Stock Up 0.2 %

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

United Security Bancshares (NASDAQ:UBFO) last issued 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 14.69% and a net margin of 26.73%. The business had revenue of $13.04 million during the quarter.

Insider Activity at United Security Bancshares

In other news, Director Jagroop Gill bought 8,255 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was bought at an average cost of $7.20 per share, for a total transaction of $59,436.00. Following the acquisition, the director now directly owns 1,079,667 shares of the company’s stock, valued at approximately $7,773,602.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders bought 167,778 shares of company stock worth $1,315,250 in the last three months. 20.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On United Security Bancshares

Several hedge funds and other institutional investors have recently made changes to their positions in UBFO. Planning Center Inc. purchased a new position in shares of United Security Bancshares in the 4th quarter valued at about $303,000. Kennedy Capital Management LLC raised its position in shares of United Security Bancshares by 33.6% during the 1st quarter. Kennedy Capital Management LLC now owns 78,141 shares of the financial services provider’s stock worth $602,000 after acquiring an additional 19,658 shares in the last quarter. Vanguard Group Inc. raised its position in shares of United Security Bancshares by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 558,965 shares of the financial services provider’s stock worth $4,310,000 after acquiring an additional 14,472 shares in the last quarter. Miracle Mile Advisors LLC acquired a new position in United Security Bancshares during the first quarter worth approximately $108,000. Finally, Empowered Funds LLC increased its position in United Security Bancshares by 7.8% during the first quarter. Empowered Funds LLC now owns 43,549 shares of the financial services provider’s stock worth $336,000 after buying an additional 3,150 shares during the period. Hedge funds and other institutional investors own 30.88% of the company’s stock.

United Security Bancshares Company Profile

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.