United Security Bancshares (NASDAQ:UBFO) Short Interest Down 25.4% in January

United Security Bancshares (NASDAQ:UBFO) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 38,100 shares, a drop of 25.4% from the December 31st total of 51,100 shares. Based on an average trading volume of 26,100 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.3% of the shares of the stock are sold short.

United Security Bancshares Trading Down 0.6 %

UBFO stock opened at $9.59 on Friday. The business has a fifty day moving average price of $9.93 and a 200 day moving average price of $8.92. 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 fifty-two week low of $7.02 and a fifty-two week high of $10.49. The stock has a market capitalization of $166.10 million, a price-to-earnings ratio of 9.40 and a beta of 0.60.

United Security Bancshares (NASDAQ:UBFO) last released its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.15 earnings per share (EPS) for 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 declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date was Thursday, January 2nd. United Security Bancshares’s dividend payout ratio is currently 47.06%.

Insider Buying and Selling at United Security Bancshares

In other news, SVP Robert C. Oberg, Jr. sold 4,800 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were 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 owns 18,228 shares of the company’s stock, valued at approximately $178,816.68. This trade represents a 20.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 20.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of UBFO. Barclays PLC increased its stake 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 valued at $248,000 after buying an additional 3,171 shares during the period. Geode Capital Management LLC raised its holdings in United Security Bancshares by 11.2% during the 3rd 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 last quarter. Empowered Funds LLC raised its holdings in 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 worth $429,000 after purchasing an additional 2,412 shares during the last quarter. Miracle Mile Advisors LLC lifted its position in United Security Bancshares by 43.8% during the 4th quarter. Miracle Mile Advisors LLC now owns 23,000 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 7,000 shares during the period. Finally, Banc Funds Co. LLC boosted its stake in shares of United Security Bancshares by 2.5% in 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. Institutional investors and hedge funds own 30.88% of the company’s stock.

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.