United Security Bancshares (NASDAQ:UBFO) Lowered to “Sell” at ValuEngine

United Security Bancshares (NASDAQ:UBFO) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Thursday, ValuEngine reports.

NASDAQ UBFO traded down $0.02 on Thursday, reaching $10.70. The stock had a trading volume of 7,893 shares, compared to its average volume of 16,256. The firm has a 50 day simple moving average of $10.88. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.00 and a quick ratio of 1.00. United Security Bancshares has a 1 year low of $9.18 and a 1 year high of $11.45. The company has a market capitalization of $181.35 million, a P/E ratio of 11.65 and a beta of 0.41.

United Security Bancshares (NASDAQ:UBFO) last issued its earnings results on Wednesday, July 17th. The financial services provider reported $0.24 EPS for the quarter. United Security Bancshares had a return on equity of 14.26% and a net margin of 33.94%. The firm had revenue of $11.03 million for the quarter.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its stake in shares of United Security Bancshares by 543.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,781 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 2,349 shares in the last quarter. C J Advisory Inc bought a new stake in shares of United Security Bancshares during the 1st quarter worth about $36,000. Bank of America Corp DE boosted its stake in shares of United Security Bancshares by 51.2% during the 4th quarter. Bank of America Corp DE now owns 11,551 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 3,911 shares in the last quarter. AE Wealth Management LLC bought a new stake in shares of United Security Bancshares during the 2nd quarter worth about $194,000. Finally, Geode Capital Management LLC boosted its stake in shares of United Security Bancshares by 8.8% during the 4th quarter. Geode Capital Management LLC now owns 73,803 shares of the financial services provider’s stock worth $707,000 after acquiring an additional 5,973 shares in the last quarter. Institutional investors own 24.48% of the company’s stock.

United Security Bancshares Company Profile

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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