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

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

United Security Bancshares Stock Up 0.7 %

Shares of NASDAQ UBFO opened at $7.12 on Tuesday. The stock has a market capitalization of $123.32 million, a price-to-earnings ratio of 6.85 and a beta of 0.59. United Security Bancshares has a 12-month low of $6.44 and a 12-month high of $8.74. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.09. The firm’s 50-day moving average price is $7.25 and its 200-day moving average price is $7.49.

United Security Bancshares (NASDAQ:UBFOGet Free Report) 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 14.94% and a net margin of 27.07%.

Insider Buying and Selling

In other news, Director Jagroop Gill acquired 8,255 shares of United Security Bancshares stock in a transaction that occurred on Tuesday, June 11th. The shares were bought at an average cost of $7.20 per share, with a total value of $59,436.00. Following the transaction, the director now directly owns 1,079,667 shares of the company’s stock, valued at approximately $7,773,602.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders bought 27,394 shares of company stock valued at $197,794. Company insiders own 20.10% of the company’s stock.

Hedge Funds Weigh In On United Security Bancshares

Several hedge funds have recently bought and sold shares of the business. Planning Center Inc. purchased a new stake in shares of United Security Bancshares during the fourth quarter valued at $303,000. Miracle Mile Advisors LLC bought a new stake in United Security Bancshares during the 1st quarter valued at about $108,000. Salzhauer Michael boosted its position in United Security Bancshares by 6.7% in the 1st 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 during the period. Empowered Funds LLC grew its stake in United Security Bancshares by 7.8% in the 1st quarter. Empowered Funds LLC now owns 43,549 shares of the financial services provider’s stock worth $336,000 after acquiring an additional 3,150 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of United Security Bancshares by 2.7% during the first 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 during the period. Institutional investors own 30.88% of the company’s stock.

United Security Bancshares Company Profile

(Get Free Report)

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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