United Security Bancshares (NASDAQ:UBFO) Stock Price Passes Above 50-Day Moving Average of $10.88

United Security Bancshares (NASDAQ:UBFO) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $10.88 and traded as high as $10.75. United Security Bancshares shares last traded at $10.67, with a volume of 205 shares.

Separately, ValuEngine cut shares of United Security Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

The stock has a market capitalization of $174.75 million, a PE ratio of 11.38 and a beta of 0.42. The business has a fifty day moving average price of $10.88. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.13.

United Security Bancshares (NASDAQ:UBFO) last posted its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter. The firm had revenue of $11.03 million during the quarter. United Security Bancshares had a net margin of 33.94% and a return on equity of 14.13%.

The company also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Monday, July 8th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, July 5th. This represents a $0.44 annualized dividend and a yield of 4.27%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA grew its position in United Security Bancshares by 543.8% during the first quarter. BNP Paribas Arbitrage SA now owns 2,781 shares of the financial services provider’s stock worth $29,000 after buying an additional 2,349 shares during the period. C J Advisory Inc acquired a new position in United Security Bancshares during the first quarter worth about $36,000. Bank of America Corp DE grew its position in United Security Bancshares by 51.2% during the fourth quarter. Bank of America Corp DE now owns 11,551 shares of the financial services provider’s stock worth $110,000 after buying an additional 3,911 shares during the period. Sawtooth Solutions LLC acquired a new position in United Security Bancshares during the second quarter worth about $194,000. Finally, AE Wealth Management LLC acquired a new position in United Security Bancshares during the second quarter worth about $194,000. 24.48% of the stock is owned by hedge funds and other institutional investors.

About United Security Bancshares (NASDAQ:UBFO)

United Security Bancshares operates as the 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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