United Security Bancshares (NASDAQ:UBFO - Get Free Report) saw a large growth in short interest in December. As of December 15th, there was short interest totalling 21,500 shares, a growth of 27.2% from the November 30th total of 16,900 shares. Based on an average daily trading volume, of 24,400 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.2% 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 company's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $9.81, for a total transaction of $47,088.00. Following the completion of the sale, the senior vice president now directly owns 18,228 shares in the company, valued at $178,816.68. This represents a 20.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 20.10% of the company's stock.
Institutional Trading of United Security Bancshares
Large investors have recently bought and sold shares of the business. Fourthstone LLC increased its stake in shares of United Security Bancshares by 314.5% in the 3rd quarter. Fourthstone LLC now owns 171,540 shares of the financial services provider's stock valued at $1,494,000 after acquiring an additional 130,151 shares in the last quarter. Geode Capital Management LLC grew its holdings in United Security Bancshares by 11.2% in the third quarter. Geode Capital Management LLC now owns 145,776 shares of the financial services provider's stock worth $1,270,000 after purchasing an additional 14,668 shares during the period. Banc Funds Co. LLC increased its stake in United Security Bancshares by 2.5% in the third 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 in the last quarter. Barclays PLC raised its holdings in shares of United Security Bancshares by 12.5% during the third quarter. Barclays PLC now owns 28,576 shares of the financial services provider's stock valued at $248,000 after purchasing an additional 3,171 shares during the period. Finally, Miracle Mile Advisors LLC boosted its position in shares of United Security Bancshares by 23.1% during the 3rd 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 in the last quarter. 30.88% of the stock is currently owned by institutional investors and hedge funds.
United Security Bancshares Price Performance
Shares of NASDAQ UBFO traded down $0.09 during midday trading on Friday, reaching $10.10. 15,183 shares of the company were exchanged, compared to its average volume of 20,763. The stock's 50-day moving average price is $9.55 and its 200-day moving average price is $8.49. The stock has a market cap of $174.96 million, a P/E ratio of 9.90 and a beta of 0.61. 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 one year low of $7.02 and a one year high of $10.49.
United Security Bancshares (NASDAQ:UBFO - Get Free Report) last posted its earnings results on Friday, October 18th. The financial services provider reported $0.22 EPS for the quarter. United Security Bancshares had a net margin of 25.78% and a return on equity of 13.96%. The business had revenue of $13.84 million for the quarter.
United Security Bancshares Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, January 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 4.75%. United Security Bancshares's dividend payout ratio (DPR) is currently 47.06%.
Analyst Upgrades and Downgrades
Separately, StockNews.com started coverage on shares of United Security Bancshares in a research report on Thursday, September 5th. They set a "hold" rating for the company.
Read Our Latest Research Report on UBFO
United Security Bancshares Company Profile
(
Get Free Report)
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.
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