United Security Bancshares (NASDAQ:UBFO) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 46,200 shares, a drop of 14.0% from the September 30th total of 53,700 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 14,600 shares, the short-interest ratio is presently 3.2 days.
Shares of UBFO opened at $10.24 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $174.45 million, a PE ratio of 10.72 and a beta of 0.43. The stock has a 50-day moving average of $10.36 and a 200-day moving average of $10.53. United Security Bancshares has a one year low of $9.18 and a one year high of $11.45.
United Security Bancshares (NASDAQ:UBFO) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter. United Security Bancshares had a net margin of 33.99% and a return on equity of 14.45%. The business had revenue of $11.21 million for the quarter.
The firm also recently announced a — dividend, which was paid on Friday, October 18th. Shareholders of record on Tuesday, October 8th were issued a dividend of $0.11 per share. The ex-dividend date was Monday, October 7th. This represents a yield of 4.2%.
Separately, ValuEngine upgraded United Security Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, October 7th.
In other news, COO David L. Eytcheson bought 4,342 shares of United Security Bancshares stock in a transaction dated Friday, October 25th. The stock was bought at an average cost of $10.23 per share, for a total transaction of $44,418.66. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 21.50% of the company’s stock.
A number of hedge funds have recently modified their holdings of UBFO. AE Wealth Management LLC bought a new stake in United Security Bancshares during the 2nd quarter valued at $194,000. Sawtooth Solutions LLC bought a new stake in United Security Bancshares during the 2nd quarter valued at $194,000. Panagora Asset Management Inc. raised its holdings in United Security Bancshares by 107.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 28,138 shares of the financial services provider’s stock valued at $320,000 after acquiring an additional 14,575 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in United Security Bancshares by 7.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 32,297 shares of the financial services provider’s stock valued at $368,000 after acquiring an additional 2,274 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in United Security Bancshares by 6.9% during the 2nd quarter. Renaissance Technologies LLC now owns 250,838 shares of the financial services provider’s stock valued at $2,857,000 after acquiring an additional 16,200 shares during the period. 23.48% of the stock is currently owned by institutional investors and hedge funds.
About United Security Bancshares
United Security Bancshares operates as the 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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