Is Buying Stock Like United Security Bancshares (UBFO) After This Bullish Double Top Chart Pattern a Winning Strategy?

May 16, 2018 - By Richard Conner

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 increased, 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.
Bank & Trust Of Ny Mellon Corp holds 0% in United Security Bancshares (NASDAQ:UBFO) or 190,300 shares. Stifel Fincl invested 0% of its portfolio in United Security Bancshares (NASDAQ:UBFO). Ameritas Investment Ptnrs stated it has 1,143 shares or 0% of all its holdings. Aspiriant holds 0.04% or 12,480 shares. Sg Americas Securities Limited Liability Corp has invested 0% in United Security Bancshares (NASDAQ:UBFO). Moreover, Northern Tru has 0% invested in United Security Bancshares (NASDAQ:UBFO). Manufacturers Life Insur Company The has invested 0% of its portfolio in United Security Bancshares (NASDAQ:UBFO). Spark Invest Mngmt holds 0.01% or 17,400 shares. Barclays Public Limited holds 2,065 shares. 395,501 are held by Dimensional Fund Advisors Lp. State Street Corp invested in 177,662 shares or 0% of the stock. Lsv Asset has invested 0% in United Security Bancshares (NASDAQ:UBFO). 21,049 are owned by Mraz Amerine And Assoc Incorporated. American Intll Gru accumulated 8,772 shares. Wells Fargo & Communications Mn reported 40,779 shares.

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

The chart of United Security Bancshares (UBFO) shows a double top with $11.77 target or 6.00 % above today’s $11.10 share price. The 5 months chart pattern indicates low risk for the $187.57M company. It was reported on May, 16 by Finviz.com. If the $11.77 price target is reached, the company will be worth $11.25M more. Double tops are rare but powerful chart patterns.

The stock decreased 0.45% or $0.05 during the last trading session, reaching $11.1. About 2,778 shares traded. United Security Bancshares (NASDAQ:UBFO) has risen 48.69% since May 16, 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 Prnewswire.com which published an article titled: “United Security Bancshares Q1 2018 earnings increase 78% from Q1 2017” on April 18, 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 $187.57 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 21.76 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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