Short Interest in United Security Bancshares (NASDAQ:UBFO) Drops By 30.5%

United Security Bancshares (NASDAQ:UBFO) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 16,900 shares, a decline of 30.5% from the November 15th total of 24,300 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 24,500 shares, the days-to-cover ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of United Security Bancshares in a research note on Thursday, September 5th. They set a “hold” rating on the stock.

United Security Bancshares Stock Up 0.1 %

NASDAQ UBFO traded up $0.01 during trading hours on Friday, reaching $10.31. 21,218 shares of the company’s stock traded hands, compared to its average volume of 20,661. The firm has a market cap of $178.57 million, a PE ratio of 10.11 and a beta of 0.61. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.92 and a quick ratio of 0.92. United Security Bancshares has a 52-week low of $7.02 and a 52-week high of $10.49. The firm has a 50-day simple moving average of $9.22 and a 200 day simple moving average of $8.28.

United Security Bancshares (NASDAQ:UBFO) last released its earnings results on Friday, October 18th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $13.84 million during 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 business also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Monday, October 7th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.48 annualized dividend and a dividend yield of 4.66%. United Security Bancshares’s payout ratio is presently 47.06%.

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 business’s 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 owns 18,228 shares in the company, valued at approximately $178,816.68. The trade was a 20.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 20.10% of the company’s stock.

Hedge Funds Weigh In On United Security Bancshares

A number of hedge funds have recently bought and sold shares of the company. Fourthstone LLC increased its stake in United Security Bancshares by 314.5% during the 3rd quarter. Fourthstone LLC now owns 171,540 shares of the financial services provider’s stock valued at $1,494,000 after purchasing an additional 130,151 shares in the last quarter. Geode Capital Management LLC raised its holdings in 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 worth $1,270,000 after acquiring an additional 14,668 shares during the last quarter. Vanguard Group Inc. lifted its position in United Security Bancshares by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 558,965 shares of the financial services provider’s stock valued at $4,310,000 after acquiring an additional 14,472 shares in the last quarter. Banc Funds Co. LLC boosted its stake in United Security Bancshares by 2.5% during the 3rd quarter. Banc Funds Co. LLC now owns 573,139 shares of the financial services provider’s stock valued at $4,992,000 after purchasing an additional 13,912 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of United Security Bancshares by 12.5% in 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. Institutional investors own 30.88% of the company’s stock.

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.