United Security Bancshares (NASDAQ:UBFO) Short Interest Update

United Security Bancshares (NASDAQ:UBFO) saw a large drop in short interest in January. As of January 15th, there was short interest totalling 38,100 shares, a drop of 25.4% from the December 31st total of 51,100 shares. Based on an average trading volume of 26,100 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.3% of the shares of the stock are short sold.

Insider Activity at United Security Bancshares

In related news, SVP Robert C. Oberg, Jr. sold 4,800 shares of United Security Bancshares stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $9.81, for a total transaction of $47,088.00. Following the sale, the senior vice president now directly owns 18,228 shares in the company, valued at $178,816.68. This trade represents a 20.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in UBFO. Miracle Mile Advisors LLC increased its position in shares of United Security Bancshares by 23.1% during the third quarter. Miracle Mile Advisors LLC now owns 16,000 shares of the financial services provider’s stock worth $139,000 after buying an additional 3,000 shares during the period. Barclays PLC grew its holdings 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 period. Empowered Funds LLC raised its position in shares of United Security Bancshares by 5.2% in the 3rd 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 in the last quarter. Private Wealth Advisors LLC lifted its stake in shares of United Security Bancshares by 1.5% in the 3rd 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 period. Finally, Geode Capital Management LLC boosted its position in shares of United Security Bancshares by 11.2% during 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 in the last quarter. Institutional investors own 30.88% of the company’s stock.

United Security Bancshares Trading Down 0.2 %

Shares of UBFO stock traded down $0.02 during trading hours on Friday, hitting $9.57. 49,139 shares of the company’s stock traded hands, compared to its average volume of 26,785. The stock has a market cap of $165.75 million, a PE ratio of 11.13 and a beta of 0.60. The stock’s 50 day simple moving average is $9.93 and its 200 day simple moving average is $8.94. 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 12 month low of $7.02 and a 12 month high of $10.49.

United Security Bancshares (NASDAQ:UBFO) last announced its earnings results on Monday, January 27th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter. United Security Bancshares had a return on equity of 11.54% and a net margin of 22.58%.

United Security Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date of this dividend was Thursday, January 2nd. United Security Bancshares’s dividend payout ratio is presently 55.81%.

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.