United Security Bancshares (NASDAQ:UBFO) Receives New Coverage from Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of United Security Bancshares (NASDAQ:UBFO) in a report released on Friday. The firm set a “hold” rating on the financial services provider’s stock.

United Security Bancshares Price Performance

Shares of UBFO opened at $7.42 on Friday. The firm has a market capitalization of $128.51 million, a PE ratio of 6.40 and a beta of 0.60. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.89 and a quick ratio of 0.89. United Security Bancshares has a 1-year low of $5.50 and a 1-year high of $8.74. The company’s fifty day moving average price is $7.47 and its 200-day moving average price is $7.70.

United Security Bancshares (NASDAQ:UBFO) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.31 EPS for the quarter. United Security Bancshares had a net margin of 30.02% and a return on equity of 16.99%. The company had revenue of $14.95 million for the quarter.

Institutional Investors Weigh In On United Security Bancshares

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of United Security Bancshares by 123.0% in the fourth quarter. Vanguard Group Inc. now owns 544,493 shares of the financial services provider’s stock worth $4,579,000 after acquiring an additional 300,318 shares during the period. Alliancebernstein L.P. raised its position in shares of United Security Bancshares by 69.9% in the fourth quarter. Alliancebernstein L.P. now owns 122,690 shares of the financial services provider’s stock worth $897,000 after acquiring an additional 50,463 shares during the period. Bridgewealth Advisory Group LLC raised its position in shares of United Security Bancshares by 3.8% in the third quarter. Bridgewealth Advisory Group LLC now owns 1,193,088 shares of the financial services provider’s stock worth $8,877,000 after acquiring an additional 44,182 shares during the period. BlackRock Inc. raised its position in shares of United Security Bancshares by 60.0% in the second quarter. BlackRock Inc. now owns 99,032 shares of the financial services provider’s stock worth $660,000 after acquiring an additional 37,130 shares during the period. Finally, Planning Center Inc. acquired a new position in shares of United Security Bancshares in the fourth quarter worth about $303,000. 30.88% of the stock is owned by hedge funds and other institutional investors.

About United Security Bancshares

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.