United Security Bancshares (NASDAQ:UBFO) Short Interest Update

United Security Bancshares (NASDAQ:UBFO - Get Free Report) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 51,100 shares, a growth of 137.7% from the December 31st total of 21,500 shares. Based on an average trading volume of 25,200 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.4% of the shares of the stock are sold short.

Insider Activity

In related news, SVP Robert C. Oberg, Jr. sold 4,800 shares of the 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 20.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in UBFO. Miracle Mile Advisors LLC lifted its stake in 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 last quarter. Barclays PLC lifted its position in 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 buying an additional 3,171 shares during the last quarter. Empowered Funds LLC boosted its stake 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 worth $429,000 after buying an additional 2,412 shares in the last quarter. Private Wealth Advisors LLC grew its position in United Security Bancshares by 1.5% during the third 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 during the last quarter. Finally, Geode Capital Management LLC raised 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 worth $1,270,000 after acquiring an additional 14,668 shares in the last quarter. Institutional investors own 30.88% of the company's stock.

United Security Bancshares Price Performance

Shares of NASDAQ:UBFO traded down $0.02 on Friday, hitting $9.57. The company's stock had a trading volume of 49,139 shares, compared to its average volume of 26,785. The company has a market capitalization of $165.78 million, a PE ratio of 11.13 and a beta of 0.60. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.92 and a quick ratio of 0.92. The company has a 50-day simple moving average of $9.93 and a 200 day simple moving average of $8.95. United Security Bancshares has a 1 year low of $7.02 and a 1 year high of $10.49.

United Security Bancshares (NASDAQ:UBFO - Get Free Report) last posted 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%.

United Security Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date was Thursday, January 2nd. United Security Bancshares's dividend payout ratio is currently 55.81%.

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.