United Security Bancshares (NASDAQ:UBFO) Short Interest Up 19.8% in June

United Security Bancshares (NASDAQ:UBFO) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 15,700 shares, an increase of 19.8% from the June 15th total of 13,100 shares. Based on an average trading volume of 11,400 shares, the short-interest ratio is currently 1.4 days. Approximately 0.1% of the company’s shares are short sold.

United Security Bancshares Stock Down 0.7 %

Shares of NASDAQ:UBFO opened at $7.38 on Monday. The stock’s 50-day moving average is $7.26 and its 200 day moving average is $7.47. The company has a market cap of $127.82 million, a PE ratio of 7.10 and a beta of 0.59. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.91 and a quick ratio of 0.91. United Security Bancshares has a 1 year low of $6.53 and a 1 year high of $8.74.

United Security Bancshares (NASDAQ:UBFO) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.24 earnings per share for the quarter. The firm had revenue of $12.77 million for the quarter. United Security Bancshares had a return on equity of 14.94% and a net margin of 27.07%.

United Security Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Monday, July 8th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date of this dividend is Monday, July 8th. United Security Bancshares’s payout ratio is 46.15%.

Insider Activity

In related news, Director Jagroop Gill purchased 8,255 shares of United Security Bancshares stock in a transaction that occurred on Tuesday, June 11th. The shares were acquired at an average cost of $7.20 per share, for a total transaction of $59,436.00. Following the transaction, the director now directly owns 1,079,667 shares in the company, valued at $7,773,602.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders purchased 27,394 shares of company stock valued at $197,794. Insiders own 20.10% of the company’s stock.

Hedge Funds Weigh In On United Security Bancshares

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Miracle Mile Advisors LLC bought a new stake in United Security Bancshares during the 1st quarter valued at approximately $108,000. Salzhauer Michael lifted its stake in shares of United Security Bancshares by 6.7% in the 1st quarter. Salzhauer Michael now owns 27,071 shares of the financial services provider’s stock valued at $209,000 after purchasing an additional 1,700 shares during the period. Planning Center Inc. purchased a new position in shares of United Security Bancshares in the 4th quarter valued at approximately $303,000. Empowered Funds LLC boosted its position in shares of United Security Bancshares by 7.8% during the first quarter. Empowered Funds LLC now owns 43,549 shares of the financial services provider’s stock valued at $336,000 after purchasing an additional 3,150 shares in the last quarter. Finally, Kennedy Capital Management LLC grew its stake in United Security Bancshares by 33.6% in the first quarter. Kennedy Capital Management LLC now owns 78,141 shares of the financial services provider’s stock worth $602,000 after purchasing an additional 19,658 shares during the period. Hedge funds and other institutional investors own 30.88% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of United Security Bancshares in a report on Tuesday, July 9th. They issued a “hold” rating on the stock.

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.