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

United Security Bancshares (NASDAQ:UBFO) was the target of a large growth in short interest during the month of 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 volume of 25,200 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.4% of the shares of the company are sold short.

Insider Buying and Selling at United Security Bancshares

In other United Security Bancshares news, SVP Robert C. Oberg, Jr. sold 4,800 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $9.81, for a total value of $47,088.00. Following the transaction, the senior vice president now directly owns 18,228 shares of the company’s stock, valued at $178,816.68. This represents a 20.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 20.10% of the company’s stock.

Institutional Trading of United Security Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Miracle Mile Advisors LLC increased its holdings 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 purchasing an additional 3,000 shares during the period. Barclays PLC increased 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 acquiring an additional 3,171 shares during the period. Empowered Funds LLC increased 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 acquiring an additional 2,412 shares during the period. Private Wealth Advisors LLC raised its holdings in 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 acquiring an additional 1,233 shares in the last quarter. Finally, Geode Capital Management LLC lifted 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 acquiring 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 Performance

Shares of United Security Bancshares stock traded up $0.30 on Wednesday, hitting $9.75. The stock had a trading volume of 38,370 shares, compared to its average volume of 23,419. The stock has a market cap of $168.90 million, a price-to-earnings ratio of 9.56 and a beta of 0.60. 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 twelve month low of $7.02 and a twelve month high of $10.49. The business’s 50 day moving average is $9.80 and its two-hundred day moving average is $8.72.

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 for the quarter. United Security Bancshares had a return on equity of 13.96% and a net margin of 25.78%.

United Security Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date is Thursday, January 2nd. United Security Bancshares’s dividend 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.