United Security Bancshares (NASDAQ:UBFO) Stock Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

United Security Bancshares (NASDAQ:UBFO - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.18 and traded as low as $8.21. United Security Bancshares shares last traded at $8.28, with a volume of 48,661 shares.

United Security Bancshares Price Performance

The company's 50 day simple moving average is $8.66 and its 200-day simple moving average is $9.18. The company has a market capitalization of $144.73 million, a price-to-earnings ratio of 10.62 and a beta of 0.37. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09.

United Security Bancshares (NASDAQ:UBFO - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter. United Security Bancshares had a return on equity of 10.17% and a net margin of 20.10%. The firm had revenue of $13.66 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its position in United Security Bancshares by 167.3% during the first quarter. Jane Street Group LLC now owns 46,490 shares of the financial services provider's stock valued at $417,000 after buying an additional 29,096 shares in the last quarter. Empowered Funds LLC raised its stake in shares of United Security Bancshares by 7.9% in the 1st quarter. Empowered Funds LLC now owns 55,608 shares of the financial services provider's stock valued at $498,000 after purchasing an additional 4,068 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in United Security Bancshares by 64.3% during the first quarter. Goldman Sachs Group Inc. now owns 59,523 shares of the financial services provider's stock valued at $533,000 after buying an additional 23,284 shares in the last quarter. Y Intercept Hong Kong Ltd raised its position 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 valued at $129,000 after acquiring an additional 2,452 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. acquired a new stake in shares of United Security Bancshares during the first quarter worth $110,000. Institutional investors and hedge funds 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.

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