United Security Bancshares (NASDAQ:UBFO) Stock Passes Below 200-Day Moving Average - Here's Why

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 stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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 trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen lowered 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 market capitalization of $162.53 million, a PE ratio of 14.09 and a beta of 0.39. The firm's 50-day simple moving average is $8.70 and its 200 day simple moving average is $8.86. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.94 and a current ratio of 0.94.

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 company 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%.

United Security Bancshares Announces Dividend

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

Insiders Place Their Bets

In other news, Director Jagroop Gill bought 55,814 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average price of $8.34 per share, with a total value of $465,488.76. Following the purchase, the director owned 1,281,347 shares of the company's stock, valued at $10,686,433.98. This trade represents a 4.55% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 22.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Bridgewealth Advisory Group LLC acquired a new position in United Security Bancshares in the 2nd quarter valued at about $10,539,000. Dimensional Fund Advisors LP increased its position in United Security Bancshares by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 884,683 shares of the financial services provider's stock worth $8,935,000 after purchasing an additional 14,759 shares in the last quarter. Fourthstone LLC increased its position in United Security Bancshares by 53.7% during the 2nd quarter. Fourthstone LLC now owns 497,500 shares of the financial services provider's stock worth $4,303,000 after purchasing an additional 173,743 shares in the last quarter. Geode Capital Management LLC increased its position in United Security Bancshares by 119.5% during the 2nd quarter. Geode Capital Management LLC now owns 327,068 shares of the financial services provider's stock worth $2,829,000 after purchasing an additional 178,086 shares in the last quarter. Finally, Susquehanna International Group LLP grew its position in United Security Bancshares by 242.4% in the fourth quarter. Susquehanna International Group LLP now owns 155,563 shares of the financial services provider's stock valued at $1,571,000 after acquiring an additional 110,128 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.