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

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

United Security Bancshares Stock Up 1.3 %

Shares of United Security Bancshares stock opened at $8.26 on Wednesday. The company has a market cap of $143.02 million, a P/E ratio of 7.94 and a beta of 0.59. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 0.92. United Security Bancshares has a one year low of $6.78 and a one year high of $8.74. The firm has a fifty day moving average of $7.66 and a two-hundred day moving average of $7.47.

United Security Bancshares (NASDAQ:UBFO) last announced its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter. The business had revenue of $13.04 million during the quarter. United Security Bancshares had a net margin of 26.73% and a return on equity of 14.48%.

Insider Activity at United Security Bancshares

In other news, Director Jagroop Gill purchased 4,543 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were bought at an average cost of $7.25 per share, with a total value of $32,936.75. Following the purchase, the director now directly owns 1,071,412 shares of the company’s stock, valued at $7,767,737. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have acquired 155,434 shares of company stock valued at $1,226,876. Insiders own 20.10% of the company’s stock.

Institutional Investors Weigh In On United Security Bancshares

Hedge funds have recently modified their holdings of the stock. Miracle Mile Advisors LLC purchased a new position in United Security Bancshares in the first quarter valued at approximately $108,000. Salzhauer Michael increased its position in shares of United Security Bancshares by 6.7% in the 1st quarter. Salzhauer Michael now owns 27,071 shares of the financial services provider’s stock worth $209,000 after purchasing an additional 1,700 shares during the last quarter. Empowered Funds LLC increased its holdings in 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 during the last quarter. Vanguard Group Inc. increased its holdings in 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 during the last quarter. Finally, Kennedy Capital Management LLC boosted its stake in 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 acquiring an additional 19,658 shares during the period. 30.88% of the stock is owned by institutional investors and hedge funds.

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.