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

Key Points

• United Security Bancshares' stock has fallen below its 200-day moving average, currently trading at $8.78 compared to a moving average of $8.91.
• Wall Street analysts downgraded the stock from a "hold" rating to a "sell" rating, signaling concerns about its future growth potential.
• The company recently announced a $0.12 quarterly dividend, representing a yield of 5.5%, with a dividend payout ratio of 72.73%.

United Security Bancshares (NASDAQ:UBFO - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.91 and traded as low as $8.70. United Security Bancshares shares last traded at $8.78, with a volume of 18,268 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen lowered United Security Bancshares from a "hold" rating to a "sell" rating in a report on Friday, July 18th.

United Security Bancshares Stock Performance

The company's 50 day moving average price is $8.62 and its 200-day moving average price is $8.88. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $158.02 million, a P/E ratio of 13.70 and a beta of 0.39.

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

United Security Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Monday, July 7th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Monday, July 7th. United Security Bancshares's dividend payout ratio is 72.73%.

Insider Buying and Selling at United Security Bancshares

In other news, Director Jagroop Gill purchased 55,814 shares of the business's stock in a transaction dated 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 owned 1,281,347 shares of the company's stock, valued at $10,686,433.98. The trade was a 4.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 22.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bridgewealth Advisory Group LLC bought a new position in United Security Bancshares in the 2nd quarter worth about $10,539,000. Dimensional Fund Advisors LP boosted its stake in United Security Bancshares by 1.7% in 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 during the period. Geode Capital Management LLC boosted its stake in United Security Bancshares by 119.5% in 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 during the period. Fourthstone LLC boosted its stake in United Security Bancshares by 87.3% in the 4th quarter. Fourthstone LLC now owns 321,245 shares of the financial services provider's stock worth $3,206,000 after purchasing an additional 149,705 shares during the period. Finally, Susquehanna International Group LLP boosted its stake in United Security Bancshares by 242.4% in the 4th quarter. Susquehanna International Group LLP now owns 155,563 shares of the financial services provider's stock worth $1,571,000 after purchasing an additional 110,128 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.