United Security Bancshares (NASDAQ:UBFO) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

United Security Bancshares (NASDAQ:UBFO)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.30 and traded as low as $8.95. United Security Bancshares shares last traded at $9.09, with a volume of 21,307 shares trading hands.

United Security Bancshares Stock Up 1.0 %

The company has a debt-to-equity ratio of 0.09, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $159.03 million, a P/E ratio of 10.67 and a beta of 0.54. The firm has a 50-day simple moving average of $9.69 and a 200 day simple moving average of $9.31.

United Security Bancshares (NASDAQ:UBFO) last issued its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter. United Security Bancshares had a return on equity of 11.54% and a net margin of 22.58%.

United Security Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.23%. United Security Bancshares’s dividend payout ratio (DPR) is 55.81%.

Institutional Investors Weigh In On United Security Bancshares

Several large investors have recently added to or reduced their stakes in the business. Millennium Management LLC grew its stake in United Security Bancshares by 330.9% during the fourth quarter. Millennium Management LLC now owns 47,013 shares of the financial services provider’s stock worth $475,000 after purchasing an additional 36,103 shares during the period. Balyasny Asset Management L.P. acquired a new stake in United Security Bancshares during the fourth quarter worth approximately $108,000. Bank of America Corp DE grew its stake in United Security Bancshares by 1,292.4% during the fourth quarter. Bank of America Corp DE now owns 3,648 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 3,386 shares during the period. 683 Capital Management LLC acquired a new stake in United Security Bancshares in the fourth quarter valued at approximately $367,000. Finally, Rhino Investment Partners Inc acquired a new stake in United Security Bancshares in the fourth quarter valued at approximately $845,000. 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.