Short Interest in United Security Bancshares (NASDAQ:UBFO) Declines By 30.5%

United Security Bancshares (NASDAQ:UBFO) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 16,900 shares, a decrease of 30.5% from the November 15th total of 24,300 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 24,500 shares, the days-to-cover ratio is currently 0.7 days.

Insiders Place Their Bets

In other United Security Bancshares news, SVP Robert C. Oberg, Jr. sold 4,800 shares of the company’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 directly owns 18,228 shares of the company’s stock, valued at approximately $178,816.68. This represents a 20.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 20.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Miracle Mile Advisors LLC lifted its holdings in shares of 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 worth $139,000 after buying an additional 3,000 shares in the last quarter. Barclays PLC increased its holdings in 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 acquiring an additional 3,171 shares during the last quarter. Empowered Funds LLC lifted 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 purchasing an additional 2,412 shares in the last quarter. Private Wealth Advisors LLC boosted its holdings in shares of United Security Bancshares by 1.6% during the 2nd quarter. Private Wealth Advisors LLC now owns 81,811 shares of the financial services provider’s stock valued at $591,000 after purchasing an additional 1,299 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of United Security Bancshares by 11.2% during the third quarter. Geode Capital Management LLC now owns 145,776 shares of the financial services provider’s stock valued at $1,270,000 after purchasing an additional 14,668 shares in the last quarter. 30.88% of the stock is currently owned by institutional investors.

United Security Bancshares Stock Performance

UBFO traded up $0.01 during midday trading on Friday, reaching $10.31. The company had a trading volume of 21,218 shares, compared to its average volume of 20,661. United Security Bancshares has a 1 year low of $7.02 and a 1 year high of $10.49. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.09. The company has a market cap of $178.57 million, a P/E ratio of 10.11 and a beta of 0.61. The business has a 50-day moving average of $9.22 and a two-hundred day moving average of $8.28.

United Security Bancshares (NASDAQ:UBFO) 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 for the quarter. United Security Bancshares had a net margin of 25.78% and a return on equity of 13.96%.

United Security Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Monday, October 7th were given a $0.12 dividend. The ex-dividend date of this dividend was Monday, October 7th. This represents a $0.48 annualized dividend and a dividend yield of 4.66%. United Security Bancshares’s payout ratio is 47.06%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on United Security Bancshares in a research note on Thursday, September 5th. They issued a “hold” rating for the company.

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.