United Security Bancshares (NASDAQ:UBFO) Share Price Passes Above 50 Day Moving Average of $10.33

United Security Bancshares (NASDAQ:UBFO) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.33 and traded as high as $10.38. United Security Bancshares shares last traded at $10.35, with a volume of 105 shares traded.

Separately, ValuEngine raised United Security Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, October 7th.

The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.99 and a current ratio of 0.99. The business has a 50-day moving average price of $10.33 and a 200 day moving average price of $10.53. The stock has a market capitalization of $174.62 million, a P/E ratio of 10.73 and a beta of 0.43.

United Security Bancshares (NASDAQ:UBFO) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.25 EPS for the quarter. United Security Bancshares had a return on equity of 14.45% and a net margin of 33.99%. The firm had revenue of $11.21 million for the quarter.

In related news, COO David L. Eytcheson purchased 4,342 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were purchased at an average cost of $10.23 per share, with a total value of $44,418.66. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 21.50% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of UBFO. Rhumbline Advisers lifted its position in United Security Bancshares by 7.8% in the 3rd quarter. Rhumbline Advisers now owns 24,326 shares of the financial services provider’s stock valued at $256,000 after acquiring an additional 1,770 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in United Security Bancshares by 7.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 32,297 shares of the financial services provider’s stock valued at $368,000 after acquiring an additional 2,274 shares in the last quarter. Northern Trust Corp lifted its position in United Security Bancshares by 3.0% in the 2nd quarter. Northern Trust Corp now owns 142,255 shares of the financial services provider’s stock valued at $1,620,000 after acquiring an additional 4,171 shares in the last quarter. California Public Employees Retirement System lifted its position in United Security Bancshares by 5.8% in the 3rd quarter. California Public Employees Retirement System now owns 80,598 shares of the financial services provider’s stock valued at $848,000 after acquiring an additional 4,400 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its position in United Security Bancshares by 107.5% in the 2nd quarter. Panagora Asset Management Inc. now owns 28,138 shares of the financial services provider’s stock valued at $320,000 after acquiring an additional 14,575 shares in the last quarter. 23.59% of the stock is currently owned by hedge funds and other institutional investors.

United Security Bancshares Company Profile (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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