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

United Security Bancshares (NASDAQ:UBFO) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 39,500 shares, an increase of 18.6% from the February 13th total of 33,300 shares. Based on an average trading volume of 26,200 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Trading of United Security Bancshares

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE grew its stake in shares of United Security Bancshares by 1,292.4% in the fourth quarter. Bank of America Corp DE now owns 3,648 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 3,386 shares during the period. Balyasny Asset Management L.P. bought a new stake in shares of United Security Bancshares in the fourth quarter worth approximately $108,000. Y Intercept Hong Kong Ltd bought a new stake in shares of United Security Bancshares in the fourth quarter worth approximately $120,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of United Security Bancshares in the fourth quarter worth approximately $159,000. Finally, Jane Street Group LLC bought a new stake in shares of United Security Bancshares in the fourth quarter worth approximately $176,000. 30.88% of the stock is currently owned by institutional investors.

United Security Bancshares Stock Down 0.4 %

NASDAQ:UBFO opened at $9.17 on Wednesday. The firm has a market cap of $158.85 million, a P/E ratio of 10.66 and a beta of 0.54. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 0.92. United Security Bancshares has a fifty-two week low of $7.02 and a fifty-two week high of $10.49. The firm has a 50-day simple moving average of $9.66 and a two-hundred day simple moving average of $9.34.

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

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.