United Security Bancshares (NASDAQ:UBFO) Now Covered by StockNews.com

StockNews.com started coverage on shares of United Security Bancshares (NASDAQ:UBFOGet Rating) in a research note issued on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.

United Security Bancshares stock opened at $7.66 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.91 and a quick ratio of 0.91. United Security Bancshares has a 1-year low of $7.24 and a 1-year high of $8.74. The firm has a market capitalization of $130.48 million, a P/E ratio of 11.78 and a beta of 0.72. The company’s 50-day moving average is $7.89 and its 200 day moving average is $8.09.

United Security Bancshares (NASDAQ:UBFOGet Rating) last issued its earnings results on Wednesday, April 20th. The financial services provider reported $0.14 EPS for the quarter. The business had revenue of $9.23 million for the quarter. United Security Bancshares had a net margin of 26.16% and a return on equity of 9.45%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in United Security Bancshares by 19.6% in the first quarter. Goldman Sachs Group Inc. now owns 22,364 shares of the financial services provider’s stock valued at $186,000 after acquiring an additional 3,668 shares in the last quarter. UBS Group AG raised its holdings in shares of United Security Bancshares by 80.5% in the first quarter. UBS Group AG now owns 7,542 shares of the financial services provider’s stock worth $63,000 after buying an additional 3,363 shares during the last quarter. Elizabeth Park Capital Advisors Ltd. raised its holdings in shares of United Security Bancshares by 11.3% in the first quarter. Elizabeth Park Capital Advisors Ltd. now owns 467,776 shares of the financial services provider’s stock worth $3,883,000 after buying an additional 47,597 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of United Security Bancshares by 3.0% in the first 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 during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of United Security Bancshares by 29.7% in the first quarter. American Century Companies Inc. now owns 66,340 shares of the financial services provider’s stock worth $551,000 after buying an additional 15,205 shares during the last quarter. Hedge funds and other institutional investors own 37.02% of the company’s stock.

United Security Bancshares Company Profile (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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