United Security Bancshares (NASDAQ:UBFO) Sees Large Increase in Short Interest

United Security Bancshares (NASDAQ:UBFO) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 24,300 shares, an increase of 25.3% from the October 31st total of 19,400 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 23,100 shares, the short-interest ratio is presently 1.1 days.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of United Security Bancshares in a research note on Thursday, September 5th. They set a “hold” rating on the stock.

Institutional Trading of United Security Bancshares

Institutional investors and hedge funds have recently made changes to their positions in the company. Miracle Mile Advisors LLC grew its position in United Security Bancshares by 23.1% in the 3rd quarter. Miracle Mile Advisors LLC now owns 16,000 shares of the financial services provider’s stock worth $139,000 after purchasing an additional 3,000 shares in the last quarter. Barclays PLC increased its position in shares of United Security Bancshares by 12.5% during the third quarter. Barclays PLC now owns 28,576 shares of the financial services provider’s stock valued at $248,000 after acquiring an additional 3,171 shares during the last quarter. Empowered Funds LLC lifted its holdings in United Security Bancshares by 5.2% during the third quarter. Empowered Funds LLC now owns 49,201 shares of the financial services provider’s stock worth $429,000 after acquiring an additional 2,412 shares during the period. Private Wealth Advisors LLC boosted its position in United Security Bancshares by 1.6% in the second quarter. Private Wealth Advisors LLC now owns 81,811 shares of the financial services provider’s stock worth $591,000 after purchasing an additional 1,299 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in United Security Bancshares by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 145,776 shares of the financial services provider’s stock valued at $1,270,000 after purchasing an additional 14,668 shares during the period. Hedge funds and other institutional investors own 30.88% of the company’s stock.

United Security Bancshares Stock Up 0.6 %

Shares of NASDAQ UBFO opened at $9.83 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.92 and a quick ratio of 0.92. United Security Bancshares has a 1 year low of $7.02 and a 1 year high of $9.86. The stock has a market capitalization of $170.26 million, a P/E ratio of 9.64 and a beta of 0.59. The company has a 50-day moving average price of $8.94 and a 200-day moving average price of $8.10.

United Security Bancshares (NASDAQ:UBFO) last issued its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.22 EPS for the quarter. The firm had revenue of $13.84 million during the quarter. United Security Bancshares had a return on equity of 13.96% and a net margin of 25.78%.

United Security Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Monday, October 7th were paid a $0.12 dividend. The ex-dividend date was Monday, October 7th. This represents a $0.48 annualized dividend and a dividend yield of 4.88%. United Security Bancshares’s payout ratio is 47.06%.

United Security Bancshares Company Profile

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.