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

Analysts at StockNews.com began coverage on shares of United Security Bancshares (NASDAQ:UBFO – Get Rating) in a report issued on Wednesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Shares of UBFO stock opened at $7.49 on Wednesday. The firm has a market capitalization of $127.58 million, a PE ratio of 11.52 and a beta of 0.72. The firm has a fifty day simple moving average of $7.73 and a two-hundred day simple moving average of $8.05. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.10. United Security Bancshares has a 12 month low of $7.24 and a 12 month high of $8.74.

United Security Bancshares (NASDAQ:UBFO – Get Rating) last posted its quarterly earnings results on Wednesday, April 20th. The financial services provider reported $0.14 earnings per share for the quarter. The company had revenue of $9.23 million during the quarter. United Security Bancshares had a net margin of 26.16% and a return on equity of 9.45%.

Several institutional investors have recently modified their holdings of the company. Private Wealth Advisors LLC lifted its position in United Security Bancshares by 2.4% during the third quarter. Private Wealth Advisors LLC now owns 91,001 shares of the financial services provider’s stock valued at $719,000 after buying an additional 2,118 shares during the period. American Century Companies Inc. raised its position in shares of United Security Bancshares by 38.2% in the 4th quarter. American Century Companies Inc. now owns 51,135 shares of the financial services provider’s stock worth $415,000 after purchasing an additional 14,132 shares during the last quarter. Strategic Value Bank Partners LLC bought a new stake in United Security Bancshares in the 4th quarter worth about $7,572,000. Elizabeth Park Capital Advisors Ltd. increased its holdings in United Security Bancshares by 3.2% in the 4th quarter. Elizabeth Park Capital Advisors Ltd. now owns 420,179 shares of the financial services provider’s stock worth $3,412,000 after buying an additional 13,157 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in United Security Bancshares by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 561,235 shares of the financial services provider’s stock worth $4,659,000 after buying an additional 16,246 shares in the last quarter. Hedge funds and other institutional investors own 37.02% of the company’s stock.

About United Security Bancshares (Get Rating)

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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