United Security Bancshares (NASDAQ:UBFO) Stock Price Passes Above 50-Day Moving Average – What’s Next?

United Security Bancshares (NASDAQ:UBFO) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $9.19 and traded as high as $10.43. United Security Bancshares shares last traded at $10.30, with a volume of 29,405 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on United Security Bancshares in a report on Thursday, September 5th. They set a “hold” rating on the stock.

United Security Bancshares Price Performance

The firm has a fifty day simple moving average of $9.19 and a 200 day simple moving average of $8.26. The company has a market capitalization of $178.40 million, a PE ratio of 10.10 and a beta of 0.61. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 0.92.

United Security Bancshares (NASDAQ:UBFO) last released its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.22 EPS for the quarter. United Security Bancshares had a return on equity of 13.96% and a net margin of 25.78%. The company had revenue of $13.84 million for the quarter.

United Security Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Monday, October 7th were issued a $0.12 dividend. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.66%. United Security Bancshares’s dividend payout ratio is presently 47.06%.

Insider Transactions at United Security Bancshares

In other United Security Bancshares news, SVP Robert C. Oberg, Jr. sold 4,800 shares of United Security Bancshares stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $9.81, for a total transaction of $47,088.00. Following the completion of the sale, the senior vice president now owns 18,228 shares of the company’s stock, valued at approximately $178,816.68. The trade was a 20.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 20.10% of the company’s stock.

Hedge Funds Weigh In On United Security Bancshares

Several institutional investors and hedge funds have recently modified their holdings of the stock. Miracle Mile Advisors LLC increased its stake in shares of United Security Bancshares by 23.1% in the 3rd quarter. Miracle Mile Advisors LLC now owns 16,000 shares of the financial services provider’s stock valued at $139,000 after purchasing an additional 3,000 shares in the last quarter. Barclays PLC increased its stake in shares of United Security Bancshares by 12.5% in the 3rd quarter. Barclays PLC now owns 28,576 shares of the financial services provider’s stock valued at $248,000 after purchasing an additional 3,171 shares in the last quarter. Empowered Funds LLC increased its stake in shares of United Security Bancshares by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 49,201 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 2,412 shares in the last quarter. Private Wealth Advisors LLC increased its stake in shares of United Security Bancshares by 1.6% in the 2nd quarter. Private Wealth Advisors LLC now owns 81,811 shares of the financial services provider’s stock valued at $591,000 after purchasing an additional 1,299 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of United Security Bancshares by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 145,776 shares of the financial services provider’s stock valued at $1,270,000 after purchasing an additional 14,668 shares in the last quarter. Institutional investors and hedge funds own 30.88% of the company’s stock.

United Security Bancshares Company Profile

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.