United Security Bancshares (NASDAQ:UBFO) Stock Rating Lowered by Wall Street Zen

Wall Street Zen downgraded shares of United Security Bancshares (NASDAQ:UBFO - Free Report) from a hold rating to a sell rating in a report issued on Friday morning.

United Security Bancshares Price Performance

UBFO stock traded up $0.30 during midday trading on Friday, reaching $8.90. 57,800 shares of the company's stock traded hands, compared to its average volume of 32,588. The company has a market cap of $155.57 million, a price-to-earnings ratio of 13.49 and a beta of 0.36. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.09. The company has a 50-day simple moving average of $8.68 and a two-hundred day simple moving average of $9.01. United Security Bancshares has a 1-year low of $7.30 and a 1-year high of $10.49.

United Security Bancshares (NASDAQ:UBFO - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.13 EPS for the quarter. The firm had revenue of $12.62 million for the quarter. United Security Bancshares had a return on equity of 8.46% and a net margin of 17.07%.

United Security Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Monday, July 7th will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, July 7th. This represents a $0.48 annualized dividend and a dividend yield of 5.39%. United Security Bancshares's dividend payout ratio is currently 72.73%.

Institutional Trading of United Security Bancshares

Several hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its stake in United Security Bancshares by 64.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 59,523 shares of the financial services provider's stock worth $533,000 after buying an additional 23,284 shares during the period. Jane Street Group LLC raised its stake in United Security Bancshares by 167.3% during the 1st quarter. Jane Street Group LLC now owns 46,490 shares of the financial services provider's stock worth $417,000 after buying an additional 29,096 shares during the period. Empowered Funds LLC raised its stake in United Security Bancshares by 7.9% during the 1st quarter. Empowered Funds LLC now owns 55,608 shares of the financial services provider's stock worth $498,000 after buying an additional 4,068 shares during the period. Y Intercept Hong Kong Ltd raised its stake in United Security Bancshares by 20.6% during 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 during the period. Finally, Global Wealth Management Investment Advisory Inc. acquired a new stake in shares of United Security Bancshares in the 1st quarter valued at about $110,000. 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.