Short Interest in United Security Bancshares (NASDAQ:UBFO) Expands By 25.3%

United Security Bancshares (NASDAQ:UBFO) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 24,300 shares, a growth of 25.3% from the October 31st total of 19,400 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 23,100 shares, the short-interest ratio is currently 1.1 days.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of United Security Bancshares in a research note on Thursday, September 5th. They set a “hold” rating on the stock.

United Security Bancshares Price Performance

United Security Bancshares stock opened at $9.83 on Monday. The firm has a market capitalization of $170.26 million, a P/E ratio of 9.64 and a beta of 0.59. United Security Bancshares has a one year low of $7.02 and a one year high of $9.86. 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 business has a fifty day moving average price of $8.94 and a 200-day moving average price of $8.10.

United Security Bancshares (NASDAQ:UBFO) last issued its earnings results on Friday, October 18th. The financial services provider reported $0.22 EPS for the quarter. United Security Bancshares had a return on equity of 13.96% and a net margin of 25.78%. The business had revenue of $13.84 million during the quarter.

United Security Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Investors of record on Monday, October 7th were paid a dividend of $0.12 per share. The ex-dividend date was Monday, October 7th. This represents a $0.48 annualized dividend and a yield of 4.88%. United Security Bancshares’s dividend payout ratio is currently 47.06%.

Institutional Trading of United Security Bancshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of United Security Bancshares by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 558,965 shares of the financial services provider’s stock valued at $4,310,000 after purchasing an additional 14,472 shares in the last quarter. Private Wealth Advisors LLC boosted its stake in United Security Bancshares by 1.6% during the second quarter. Private Wealth Advisors LLC now owns 81,811 shares of the financial services provider’s stock valued at $591,000 after buying an additional 1,299 shares during the period. Miracle Mile Advisors LLC grew its position 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 buying an additional 3,000 shares in the last quarter. Empowered Funds LLC increased its stake in United Security Bancshares by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 49,201 shares of the financial services provider’s stock worth $429,000 after acquiring an additional 2,412 shares during the last quarter. Finally, Fourthstone LLC boosted 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 during the last quarter. Institutional investors 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.