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

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

United Security Bancshares Stock Performance

Shares of NASDAQ UBFO opened at $7.21 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.09. The firm’s 50-day moving average price is $7.30 and its two-hundred day moving average price is $7.65. United Security Bancshares has a 52-week low of $6.37 and a 52-week high of $8.74. The stock has a market capitalization of $124.88 million, a P/E ratio of 6.93 and a beta of 0.62.

United Security Bancshares (NASDAQ:UBFO) last issued its earnings results on Thursday, April 18th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter. United Security Bancshares had a net margin of 27.07% and a return on equity of 14.94%. The firm had revenue of $12.77 million for the quarter.

Insider Buying and Selling at United Security Bancshares

In other news, Director Jagroop Gill purchased 4,543 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were bought at an average price of $7.25 per share, for a total transaction of $32,936.75. Following the completion of the purchase, the director now owns 1,071,412 shares of the company’s stock, valued at $7,767,737. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have bought 22,017 shares of company stock worth $159,943. 20.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On United Security Bancshares

Large investors have recently made changes to their positions in the company. Bridgewealth Advisory Group LLC increased its stake in shares of 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 acquiring an additional 44,182 shares during the period. Planning Center Inc. acquired a new position in shares of United Security Bancshares during the fourth quarter valued at approximately $303,000. Kestra Private Wealth Services LLC acquired a new position in shares of United Security Bancshares during the third quarter valued at approximately $250,000. Kennedy Capital Management LLC boosted its holdings in United Security Bancshares by 33.6% during the first quarter. Kennedy Capital Management LLC now owns 78,141 shares of the financial services provider’s stock worth $602,000 after buying an additional 19,658 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in 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 buying an additional 14,472 shares in the last quarter. Institutional investors and hedge funds own 30.88% of the company’s stock.

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.