United Security Bancshares (NASDAQ:UBFO) Shares Pass Below Two Hundred Day Moving Average - What's Next?

Key Points

• United Security Bancshares shares fell below their 200-day moving average of $8.86, trading at $8.89 with a significant volume of 14,454 shares.
• Wall Street Zen downgraded the stock from a "hold" rating to a "sell" rating, indicating potential concerns about its performance.
• The company recently paid a quarterly dividend of $0.12 per share, yielding 5.4%, with a dividend payout ratio of 72.73%.

United Security Bancshares (NASDAQ:UBFO - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.86 and traded as low as $8.77. United Security Bancshares shares last traded at $8.89, with a volume of 14,454 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of United Security Bancshares from a "hold" rating to a "sell" rating in a research note on Friday, July 18th.

United Security Bancshares Stock Up 4.5%

The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.09. The business's fifty day moving average price is $8.72 and its two-hundred day moving average price is $8.84. The firm has a market cap of $162.56 million, a P/E ratio of 14.09 and a beta of 0.39.

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

United Security Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Monday, July 7th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.2%. United Security Bancshares's dividend payout ratio is currently 72.73%.

Insider Buying and Selling at United Security Bancshares

In related 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 purchased at an average cost of $8.34 per share, for a total transaction of $465,488.76. Following the acquisition, the director owned 1,281,347 shares in the company, valued at $10,686,433.98. This trade represents a 4.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 22.10% of the company's stock.

Hedge Funds Weigh In On United Security Bancshares

A number of institutional investors have recently modified their holdings of UBFO. Bridgeway Capital Management LLC boosted its holdings in shares of United Security Bancshares by 1.4% during the 2nd quarter. Bridgeway Capital Management LLC now owns 143,441 shares of the financial services provider's stock worth $1,241,000 after buying an additional 1,933 shares during the period. Y Intercept Hong Kong Ltd boosted its holdings in United Security Bancshares by 20.6% during the first quarter. Y Intercept Hong Kong Ltd now owns 14,360 shares of the financial services provider's stock valued at $129,000 after acquiring an additional 2,452 shares during the period. Northern Trust Corp grew its position in shares of United Security Bancshares by 11.1% in the fourth quarter. Northern Trust Corp now owns 25,742 shares of the financial services provider's stock valued at $260,000 after purchasing an additional 2,574 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in shares of United Security Bancshares in the second quarter worth about $29,000. Finally, Bank of America Corp DE increased its stake in shares of United Security Bancshares by 1,292.4% in the fourth quarter. Bank of America Corp DE now owns 3,648 shares of the financial services provider's stock worth $37,000 after purchasing an additional 3,386 shares during the period. Institutional investors 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.