United Security Bancshares (NASDAQ:UBFO) Given "Buy (B-)" Rating at Weiss Ratings

Key Points

• United Security Bancshares received a "Buy (B-)" rating from Weiss Ratings, while Wall Street Zen downgraded it to a "Sell" rating, highlighting diverging analyst opinions.
• The stock is currently trading at $9.08, down 0.2%, with a market capitalization of $158.72 million and a P/E ratio of 13.76.
• Insider activity included Director Jagroop Gill purchasing 55,814 shares at an average price of $8.34, increasing his stake in the company by 4.55%.

United Security Bancshares (NASDAQ:UBFO - Get Free Report)'s stock had its "buy (b-)" rating reiterated by stock analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded shares of United Security Bancshares from a "hold" rating to a "sell" rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy".

United Security Bancshares Stock Down 0.2%

UBFO traded down $0.02 on Wednesday, hitting $9.08. The company had a trading volume of 12,409 shares, compared to its average volume of 24,668. The firm has a market capitalization of $158.72 million, a P/E ratio of 13.76 and a beta of 0.42. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a fifty day simple moving average of $9.22 and a 200-day simple moving average of $8.83. United Security Bancshares has a 52-week low of $7.32 and a 52-week high of $10.49.

United Security Bancshares (NASDAQ:UBFO - Get Free Report) last issued its earnings results on Thursday, July 17th. The financial services provider reported $0.13 EPS for the quarter. The business had revenue of $12.62 million for the quarter. United Security Bancshares had a net margin of 17.07% and a return on equity of 8.43%.

Insider Activity at United Security Bancshares

In other news, Director Jagroop Gill bought 55,814 shares of United Security Bancshares stock in a transaction that occurred on Thursday, August 7th. The stock was bought at an average price of $8.34 per share, for a total transaction of $465,488.76. Following the purchase, the director directly owned 1,281,347 shares of the company's stock, valued at approximately $10,686,433.98. The trade was a 4.55% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 22.10% of the company's stock.

Institutional Investors Weigh In On United Security Bancshares

Hedge funds have recently made changes to their positions in the business. Y Intercept Hong Kong Ltd lifted its holdings in United Security Bancshares by 20.6% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 14,360 shares of the financial services provider's stock worth $129,000 after buying an additional 2,452 shares in the last quarter. Goldman Sachs Group Inc. increased its position in United Security Bancshares by 64.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 59,523 shares of the financial services provider's stock valued at $533,000 after acquiring an additional 23,284 shares in the last quarter. Global Wealth Management Investment Advisory Inc. acquired a new position in United Security Bancshares during the first quarter worth $110,000. Jane Street Group LLC raised its holdings in United Security Bancshares by 167.3% in the 1st quarter. Jane Street Group LLC now owns 46,490 shares of the financial services provider's stock valued at $417,000 after buying an additional 29,096 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of United Security Bancshares by 1,045.3% in the 2nd quarter. Bank of America Corp DE now owns 14,969 shares of the financial services provider's stock worth $129,000 after acquiring an additional 13,662 shares in the last quarter. Institutional investors and hedge funds own 30.88% of the company's stock.

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.

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