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United Security Bancshares (NASDAQ:UBFO) Shares Pass 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 Monday . The stock has a 200-day moving average of $9.06 and traded as low as $8.70. United Security Bancshares shares last traded at $8.87, with a volume of 14,147 shares.

United Security Bancshares Trading Up 0.4%

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 stock's fifty day moving average price is $8.69 and its two-hundred day moving average price is $9.05. The company has a market capitalization of $150.33 million, a PE ratio of 11.03 and a beta of 0.36.

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

United Security Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Monday, July 7th will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, July 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.58%. United Security Bancshares's dividend payout ratio is currently 61.54%.

Institutional Trading of United Security Bancshares

A number of institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its stake in United Security Bancshares by 1,292.4% in the fourth quarter. Bank of America Corp DE now owns 3,648 shares of the financial services provider's stock worth $37,000 after buying an additional 3,386 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in United Security Bancshares in the fourth quarter worth about $108,000. Global Wealth Management Investment Advisory Inc. bought a new position in United Security Bancshares in the first quarter worth about $110,000. Y Intercept Hong Kong Ltd raised its stake in United Security Bancshares by 20.6% in the first quarter. Y Intercept Hong Kong Ltd now owns 14,360 shares of the financial services provider's stock worth $129,000 after buying an additional 2,452 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in United Security Bancshares in the fourth quarter worth about $159,000. 30.88% of the stock is currently owned by hedge funds and other institutional investors.

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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