Panagora Asset Management Inc. increased its stake in shares of United Security Bancshares (NASDAQ:UBFO) by 107.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,138 shares of the financial services provider’s stock after purchasing an additional 14,575 shares during the quarter. Panagora Asset Management Inc. owned approximately 0.17% of United Security Bancshares worth $320,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. BNP Paribas Arbitrage SA raised its position in United Security Bancshares by 543.8% during the first quarter. BNP Paribas Arbitrage SA now owns 2,781 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 2,349 shares in the last quarter. Bank of America Corp DE raised its position in shares of United Security Bancshares by 51.2% in the fourth quarter. Bank of America Corp DE now owns 11,551 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 3,911 shares during the period. Sawtooth Solutions LLC bought a new position in shares of United Security Bancshares in the second quarter valued at approximately $194,000. Finally, AE Wealth Management LLC bought a new position in shares of United Security Bancshares in the second quarter valued at approximately $194,000. 23.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:UBFO traded up $0.05 on Friday, hitting $10.80. The stock had a trading volume of 1,432 shares, compared to its average volume of 11,806. United Security Bancshares has a twelve month low of $9.18 and a twelve month high of $11.45. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.01. The firm’s 50 day moving average price is $10.49 and its 200-day moving average price is $10.56. The company has a market capitalization of $181.24 million, a price-to-earnings ratio of 11.62 and a beta of 0.45.

United Security Bancshares (NASDAQ:UBFO) last released its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter. United Security Bancshares had a return on equity of 14.13% and a net margin of 33.94%. The business had revenue of $11.03 million during the quarter.

Separately, ValuEngine lowered shares of United Security Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.

United Security Bancshares Company Profile

United Security Bancshares operates as the 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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Institutional Ownership by Quarter for United Security Bancshares (NASDAQ:UBFO)

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