United Security Bancshares (NASDAQ:UBFO – Get Free Report) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 51,100 shares, a growth of 137.7% from the December 15th total of 21,500 shares. Based on an average daily trading volume, of 25,200 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.4% of the shares of the stock are sold short.
Insider Activity
In other news, SVP Robert C. Oberg, Jr. sold 4,800 shares of United Security Bancshares stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $9.81, for a total value of $47,088.00. Following the transaction, the senior vice president now owns 18,228 shares in the company, valued at approximately $178,816.68. This trade represents a 20.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 20.10% of the company’s stock.
Institutional Trading of United Security Bancshares
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Miracle Mile Advisors LLC lifted its stake in shares of 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 acquiring an additional 3,000 shares during the last quarter. Barclays PLC grew its position 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 acquiring an additional 3,171 shares during the last quarter. Empowered Funds LLC raised its position in United Security Bancshares by 5.2% in the third quarter. Empowered Funds LLC now owns 49,201 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 2,412 shares during the last quarter. Private Wealth Advisors LLC raised its position in United Security Bancshares by 1.5% in the third quarter. Private Wealth Advisors LLC now owns 83,044 shares of the financial services provider’s stock valued at $716,000 after purchasing an additional 1,233 shares during the last quarter. Finally, Geode Capital Management LLC boosted 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 valued at $1,270,000 after purchasing an additional 14,668 shares in the last quarter. Institutional investors own 30.88% of the company’s stock.
United Security Bancshares Price Performance
United Security Bancshares (NASDAQ:UBFO – Get Free Report) last posted its earnings results on Friday, October 18th. The financial services provider reported $0.22 EPS for the quarter. United Security Bancshares had a net margin of 25.78% and a return on equity of 13.96%. The firm had revenue of $13.84 million during the quarter.
United Security Bancshares Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be given a $0.12 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 4.92%. United Security Bancshares’s dividend payout ratio is currently 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.
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