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

United Security Bancshares logo with Finance background

United Security Bancshares (NASDAQ:UBFO - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.33 and traded as low as $8.85. United Security Bancshares shares last traded at $9.00, with a volume of 27,901 shares traded.

United Security Bancshares Price Performance

The stock has a fifty day moving average of $8.73 and a 200-day moving average of $9.34. 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 firm has a market capitalization of $164.80 million, a P/E ratio of 10.97 and a beta of 0.37.

United Security Bancshares (NASDAQ:UBFO - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.16 earnings per share for the quarter. The business had revenue of $13.66 million during the quarter. United Security Bancshares had a net margin of 22.58% and a return on equity of 11.54%.

United Security Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Monday, April 7th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 5.09%. The ex-dividend date was Monday, April 7th. United Security Bancshares's payout ratio is 61.54%.

Hedge Funds Weigh In On United Security Bancshares

Several institutional investors have recently modified their holdings of the stock. Barclays PLC boosted its stake in United Security Bancshares by 12.5% during the 3rd quarter. Barclays PLC now owns 28,576 shares of the financial services provider's stock worth $248,000 after acquiring an additional 3,171 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of United Security Bancshares by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 145,776 shares of the financial services provider's stock valued at $1,270,000 after buying an additional 14,668 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of United Security Bancshares in the 4th quarter valued at $120,000. Miracle Mile Advisors LLC raised its stake in United Security Bancshares by 43.8% during the 4th quarter. Miracle Mile Advisors LLC now owns 23,000 shares of the financial services provider's stock worth $232,000 after buying an additional 7,000 shares during the period. Finally, Rhino Investment Partners Inc bought a new position in United Security Bancshares during the fourth quarter worth about $845,000. 30.88% of the stock is currently owned by institutional investors and hedge funds.

About United Security Bancshares

(Get Free Report)

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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