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

United Security Bancshares (NASDAQ:UBFO – Get Rating) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Separately, TheStreet downgraded shares of United Security Bancshares from a “b-” rating to a “c+” rating in a research report on Thursday, May 4th.

United Security Bancshares Stock Up 0.2 %

Shares of United Security Bancshares stock opened at $6.49 on Friday. The company has a market capitalization of $110.91 million, a PE ratio of 5.74 and a beta of 0.63. United Security Bancshares has a 1-year low of $5.50 and a 1-year high of $8.38. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.87 and a quick ratio of 0.87. The business has a 50-day moving average of $6.07 and a 200-day moving average of $6.94.

United Security Bancshares (NASDAQ:UBFO – Get Rating) last released its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $0.36 earnings per share for the quarter. United Security Bancshares had a net margin of 33.79% and a return on equity of 17.51%. The business had revenue of $14.39 million during the quarter.

Insider Activity at United Security Bancshares

In other news, CEO Dennis R. Woods purchased 5,000 shares of the company’s stock in a transaction on Thursday, March 9th. The shares were bought at an average price of $7.26 per share, for a total transaction of $36,300.00. Following the completion of the purchase, the chief executive officer now owns 864,057 shares of the company’s stock, valued at $6,273,053.82. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have bought a total of 9,500 shares of company stock worth $63,685 in the last ninety days. 19.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Bridgewealth Advisory Group LLC bought a new position in shares of United Security Bancshares during the 4th quarter valued at about $8,418,000. Alliancebernstein L.P. lifted its holdings in shares of United Security Bancshares by 69.9% during the fourth quarter. Alliancebernstein L.P. now owns 122,690 shares of the financial services provider’s stock valued at $897,000 after purchasing an additional 50,463 shares during the last quarter. Susquehanna International Group LLP acquired a new position in shares of United Security Bancshares in the 1st quarter valued at $212,000. Jane Street Group LLC purchased a new position in United Security Bancshares in the 3rd quarter worth about $181,000. Finally, Salzhauer Michael purchased a new stake in United Security Bancshares during the first quarter valued at about $161,000. Institutional investors and hedge funds own 29.93% of the company’s stock.

United Security Bancshares Company Profile

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United Security Bancshares (California) is a holding company, which engages in the provision of commercial banking services. Its portfolio consists of commercial and industrial, government program, commercial real estate, residential mortgages, home improvement and home equity, real estate construction and development, agricultural, and installment and student loans.