United Security Bancshares (NASDAQ:UBFO - Get Free Report) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 51,100 shares, an increase of 137.7% from the December 15th total of 21,500 shares. Based on an average daily trading volume, of 25,200 shares, the days-to-cover ratio is currently 2.0 days. Currently, 0.4% of the company's stock are sold short.
Insider Activity 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 on 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 $178,816.68. The trade was a 20.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 20.10% of the company's stock.
Institutional Investors Weigh In On United Security Bancshares
Institutional investors have recently modified their holdings of the stock. Miracle Mile Advisors LLC increased its holdings in United Security Bancshares by 23.1% in the third quarter. Miracle Mile Advisors LLC now owns 16,000 shares of the financial services provider's stock valued at $139,000 after buying an additional 3,000 shares during the last quarter. Private Wealth Advisors LLC increased its holdings in shares of 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 during the last quarter. Empowered Funds LLC raised its position in shares of 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 valued at $429,000 after acquiring an additional 2,412 shares in the last quarter. Fourthstone LLC raised its position in shares of 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 acquiring an additional 130,151 shares in the last quarter. Finally, Banc Funds Co. LLC lifted its stake in United Security Bancshares by 2.5% during the third quarter. Banc Funds Co. LLC now owns 573,139 shares of the financial services provider's stock worth $4,992,000 after purchasing an additional 13,912 shares during the last quarter. Institutional investors and hedge funds own 30.88% of the company's stock.
United Security Bancshares Stock Up 1.0 %
Shares of NASDAQ:UBFO traded up $0.09 during trading on Tuesday, hitting $9.45. The company's stock had a trading volume of 25,530 shares, compared to its average volume of 21,554. United Security Bancshares has a fifty-two week low of $7.02 and a fifty-two week high of $10.49. The stock's 50-day moving average price is $9.79 and its two-hundred day moving average price is $8.71. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $163.70 million, a PE ratio of 9.26 and a beta of 0.60.
United Security Bancshares (NASDAQ:UBFO - Get Free Report) last released its earnings results on Friday, October 18th. The financial services provider reported $0.22 EPS for the quarter. The company had revenue of $13.84 million during 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 business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 5.08%. The ex-dividend date is Thursday, January 2nd. United Security Bancshares's payout ratio is currently 47.06%.
United Security Bancshares Company Profile
(
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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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