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

StockNews.com assumed coverage on shares of United Security Bancshares (NASDAQ:UBFO) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the financial services provider’s stock.

United Security Bancshares Stock Down 0.1 %

UBFO stock opened at $7.26 on Monday. United Security Bancshares has a fifty-two week low of $5.62 and a fifty-two week high of $8.74. The company has a market capitalization of $125.74 million, a price-to-earnings ratio of 6.98 and a beta of 0.62. The business’s 50 day moving average price is $7.41 and its two-hundred day moving average price is $7.72. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.89 and a current ratio of 0.89.

United Security Bancshares (NASDAQ:UBFO) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter. The business had revenue of $12.77 million during the quarter. United Security Bancshares had a return on equity of 15.14% and a net margin of 27.07%.

Institutional Trading of United Security Bancshares

A number of hedge funds have recently made changes to their positions in the stock. Bridgewealth Advisory Group LLC raised its stake in United Security Bancshares by 3.8% during the third quarter. Bridgewealth Advisory Group LLC now owns 1,193,088 shares of the financial services provider’s stock valued at $8,877,000 after buying an additional 44,182 shares during the last quarter. Planning Center Inc. bought a new position in United Security Bancshares in the 4th quarter worth about $303,000. Kestra Private Wealth Services LLC bought a new position in United Security Bancshares in the 3rd quarter worth about $250,000. Miracle Mile Advisors LLC purchased a new stake in United Security Bancshares during the 1st quarter valued at about $108,000. Finally, Kennedy Capital Management LLC increased its stake in United Security Bancshares by 8.8% during the 3rd quarter. Kennedy Capital Management LLC now owns 58,454 shares of the financial services provider’s stock valued at $435,000 after purchasing an additional 4,749 shares in the last quarter. 30.88% of the stock is owned by institutional investors.

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.