United Security Bancshares (NASDAQ:UBFO)

CAPS Rating: No stars

A bank holding company, incorporated in the state of California for the purpose of acquiring all the capital stock of the Bank through a holding company reorganization of the Bank.

Results 1 - 3 of 3

Recs

tthwebster (22.93) Submitted: 12/31/2008 9:11:43 PM : Outperform

Start Price: $11.60 UBFO Score: -150.77

Lost money in 3rd Qrt 08 although a fairly insignificant amount considering the market for financials in general. I could go long on this as their debt is well managed and UBFO should be in a position to increase market as recovery unfolds. November marking the begining of a new quarter found a number of insider buys which indicates to me an expectation of a market bottom. I beleive that for UBFO, it was the bottom. Short term, I find an appealing charting trend currently emerging as a double bottom.

Report this Post Reply

Recs