United Security Bancshares (NASDAQ:UBFO) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

United Security Bancshares (NASDAQ:UBFOGet Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.82 and traded as low as $8.67. United Security Bancshares shares last traded at $8.71, with a volume of 27,363 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts recently commented on UBFO shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of United Security Bancshares in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of United Security Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, July 18th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, United Security Bancshares has a consensus rating of “Buy”.

Read Our Latest Stock Report on United Security Bancshares

United Security Bancshares Stock Up 1.2%

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $152.25 million, a P/E ratio of 13.20 and a beta of 0.42. The stock’s fifty day simple moving average is $9.24 and its 200-day simple moving average is $8.82.

United Security Bancshares (NASDAQ:UBFOGet Free Report) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $12.62 million during the quarter. United Security Bancshares had a net margin of 17.07% and a return on equity of 8.43%.

United Security Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 5.5%. United Security Bancshares’s payout ratio is currently 72.73%.

Insider Transactions at United Security Bancshares

In other United Security Bancshares news, Director Jagroop Gill acquired 55,814 shares of the business’s stock in a transaction on Thursday, August 7th. The stock was purchased at an average price of $8.34 per share, with a total value of $465,488.76. Following the acquisition, the director directly owned 1,281,347 shares of the company’s stock, valued at approximately $10,686,433.98. This trade represents a 4.55% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 22.10% of the stock is owned by corporate insiders.

Institutional Trading of United Security Bancshares

A number of institutional investors and hedge funds have recently made changes to their positions in UBFO. Bridgewealth Advisory Group LLC bought a new stake in shares of United Security Bancshares during the 2nd quarter worth approximately $10,539,000. Geode Capital Management LLC increased its position in United Security Bancshares by 119.5% during the 2nd quarter. Geode Capital Management LLC now owns 327,068 shares of the financial services provider’s stock worth $2,829,000 after purchasing an additional 178,086 shares in the last quarter. Fourthstone LLC increased its position in United Security Bancshares by 53.7% during the 2nd quarter. Fourthstone LLC now owns 497,500 shares of the financial services provider’s stock worth $4,303,000 after purchasing an additional 173,743 shares in the last quarter. Jane Street Group LLC increased its position in United Security Bancshares by 167.3% during the 1st quarter. Jane Street Group LLC now owns 46,490 shares of the financial services provider’s stock worth $417,000 after purchasing an additional 29,096 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in United Security Bancshares by 64.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 59,523 shares of the financial services provider’s stock worth $533,000 after purchasing an additional 23,284 shares in the last quarter. 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.

See Also

Receive News & Ratings for United Security Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Security Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.