United Security Bancshares (NASDAQ:UBFO) Stock Price Crosses Below 200-Day Moving Average - What's Next?

Key Points

• United Security Bancshares shares fell below their 200-day moving average, trading as low as $8.67, highlighting potential challenges for the stock.
• Analyst ratings are mixed, with Wall Street Zen downgrading the stock from "hold" to "sell," while Weiss Ratings reaffirmed a "buy" rating.
• The company has declared a quarterly dividend of $0.12, yielding 5.5%, with a payout ratio of 72.73% for shareholders of record as of October 3rd.

United Security Bancshares (NASDAQ:UBFO - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.82 and traded as low as $8.67. United Security Bancshares shares last traded at $8.71, with a volume of 27,363 shares trading hands.

Wall Street Analyst Weigh In

Several research firms recently commented on UBFO. Wall Street Zen cut shares of United Security Bancshares from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of United Security Bancshares in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, United Security Bancshares has a consensus rating of "Buy".

United Security Bancshares Stock Up 1.2%

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 firm's 50 day simple moving average is $9.24 and its 200-day simple moving average is $8.82. The stock has a market capitalization of $152.25 million, a price-to-earnings ratio of 13.20 and a beta of 0.42.

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

United Security Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Friday, October 3rd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 5.5%. The ex-dividend date is Friday, October 3rd. United Security Bancshares's payout ratio is presently 72.73%.

Insider Transactions at United Security Bancshares

In other United Security Bancshares news, Director Jagroop Gill purchased 55,814 shares of the stock in a transaction on Thursday, August 7th. The shares were purchased at an average cost 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 approximately $10,686,433.98. This represents a 4.55% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 22.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Y Intercept Hong Kong Ltd increased its stake in shares of 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 purchasing an additional 2,452 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of 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 purchasing an additional 23,284 shares during the last quarter. Global Wealth Management Investment Advisory Inc. acquired a new position in shares of United Security Bancshares during the 1st quarter worth about $110,000. Jane Street Group LLC increased its stake in shares of 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 purchasing an additional 29,096 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of United Security Bancshares by 1,045.3% during the 2nd quarter. Bank of America Corp DE now owns 14,969 shares of the financial services provider's stock worth $129,000 after purchasing an additional 13,662 shares during the last quarter. 30.88% of the stock is currently owned by institutional investors and hedge funds.

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.

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