Is United Security Bancshares (UBFO) a Buy? The Stock Formed Double Top Pattern

May 21, 2018 - By Marguerite Chambers

United Security Bancshares (NASDAQ:UBFO) Logo

Investors sentiment increased to 2.15 in 2017 Q4. Its up 0.77, from 1.38 in 2017Q3. It is positive, as 2 investors sold United Security Bancshares shares while 11 reduced holdings. 5 funds opened positions while 23 raised stakes. 3.96 million shares or 3.09% more from 3.84 million shares in 2017Q3 were reported.
Blackrock holds 624,588 shares. American Gp reported 8,772 shares. State Common Retirement Fund holds 0% or 13,800 shares in its portfolio. Maltese Mgmt Ltd Liability Co has 150,000 shares for 0.12% of their portfolio. Northern Trust Corp accumulated 0% or 132,308 shares. 216,152 are owned by Wellington Group Limited Liability Partnership. State Street invested 0% of its portfolio in United Security Bancshares (NASDAQ:UBFO). Elizabeth Park Limited owns 591,132 shares. National Bank Of Ny Mellon Corp owns 190,300 shares or 0% of their US portfolio. California Employees Retirement Sys holds 0% or 76,198 shares in its portfolio. 28,955 are held by Bridgeway Mgmt Inc. Rhumbline Advisers has 14,922 shares. Citigroup invested in 4,673 shares. Spark Mgmt Ltd Liability reported 17,400 shares. Barclays Public Ltd Company has invested 0% in United Security Bancshares (NASDAQ:UBFO).

Since April 24, 2018, it had 1 buying transaction, and 0 insider sales for $9,180 activity.

The chart of United Security Bancshares (UBFO) shows a double top with $11.81 target or 5.00 % above today’s $11.25 share price. The 7 months chart pattern indicates low risk for the $190.11 million company. It was reported on May, 21 by Finviz.com. If the $11.81 price target is reached, the company will be worth $9.51 million more. Double tops are rare but powerful chart patterns.

It closed at $11.25 lastly. It is down 48.69% since May 21, 2017 and is uptrending. It has outperformed by 37.14% the S&P500.

Another recent and important United Security Bancshares (NASDAQ:UBFO) news was published by Seekingalpha.com which published an article titled: “Daily Insider Ratings Round Up 4/24/18: IPI, FLDM, OPK, CATM, CIK, UBFO” on April 26, 2018.

United Security Bancshares operates as the holding firm for United Security Bank, a state-chartered bank that provides a range of commercial banking services primarily to the business and professional community, and individuals in California. The company has market cap of $190.11 million. The firm offers 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. It has a 22.06 P/E ratio. The Company’s loan portfolio consists of real estate mortgage, commercial and industrial, real estate construction, and consumer loans, as well as agricultural and lease financing.

United Security Bancshares (NASDAQ:UBFO) Institutional Positions Chart

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