Short Interest in United Security Bancshares (NASDAQ:UBFO) Grows By 25.3%

United Security Bancshares (NASDAQ:UBFO) was the target 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. Based on an average daily volume of 23,100 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.2% of the company’s shares are sold short.

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 set a “hold” rating for the company.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Miracle Mile Advisors LLC boosted 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 valued at $139,000 after buying an additional 3,000 shares during the period. Barclays PLC grew its stake in United Security Bancshares by 12.5% during the 3rd quarter. Barclays PLC now owns 28,576 shares of the financial services provider’s stock worth $248,000 after purchasing an additional 3,171 shares in the last quarter. Empowered Funds LLC grew its stake in United Security Bancshares by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 49,201 shares of the financial services provider’s stock worth $429,000 after purchasing an additional 2,412 shares in the last quarter. Private Wealth Advisors LLC increased its holdings in United Security Bancshares by 1.6% during the 2nd 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 period. Finally, Geode Capital Management LLC boosted its stake in shares of 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 buying an additional 14,668 shares during the period. Institutional investors and hedge funds own 30.88% of the company’s stock.

United Security Bancshares Stock Up 0.6 %

Shares of NASDAQ UBFO opened at $9.83 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average is $8.94 and its two-hundred day moving average is $8.09. United Security Bancshares has a 52-week low of $7.02 and a 52-week high of $9.86. The firm has a market cap of $170.26 million, a price-to-earnings ratio of 9.64 and a beta of 0.59.

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

United Security Bancshares Announces Dividend

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

About United Security Bancshares

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.