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

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

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of United Security Bancshares in a research report on Thursday, September 5th. They issued a “hold” rating for the company.

United Security Bancshares Stock Up 0.6 %

UBFO stock traded up $0.06 during trading on Friday, hitting $9.83. 8,137 shares of the company’s stock traded hands, compared to its average volume of 20,464. The firm has a market capitalization of $170.29 million, a P/E ratio of 9.64 and a beta of 0.59. The business has a fifty day simple moving average of $8.94 and a two-hundred day simple moving average of $8.09. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.09. United Security Bancshares has a 1 year low of $7.02 and a 1 year high of $9.86.

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

United Security Bancshares Dividend Announcement

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

Hedge Funds Weigh In On United Security Bancshares

Institutional investors have recently bought and sold shares of the business. Barclays PLC boosted its stake in United Security Bancshares by 12.5% in 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 in the last quarter. Geode Capital Management LLC lifted its stake in shares of United Security Bancshares by 11.2% during the third quarter. Geode Capital Management LLC now owns 145,776 shares of the financial services provider’s stock worth $1,270,000 after buying an additional 14,668 shares during the period. Banc Funds Co. LLC lifted its stake in shares of United Security Bancshares by 2.5% during the third quarter. Banc Funds Co. LLC now owns 573,139 shares of the financial services provider’s stock worth $4,992,000 after buying an additional 13,912 shares during the period. Fourthstone LLC lifted its stake in shares of United Security Bancshares by 314.5% during the third quarter. Fourthstone LLC now owns 171,540 shares of the financial services provider’s stock worth $1,494,000 after buying an additional 130,151 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of 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 buying an additional 2,412 shares during the period. 30.88% of the stock is owned by hedge funds and other institutional investors.

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.