United Security Bancshares (NASDAQ:UBFO) Short Interest Down 48.9% in April

United Security Bancshares (NASDAQ:UBFO) saw a large decrease in short interest in April. As of April 15th, there was short interest totalling 21,800 shares, a decrease of 48.9% from the March 31st total of 42,700 shares. Based on an average daily volume of 12,600 shares, the short-interest ratio is currently 1.7 days. Approximately 0.2% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on United Security Bancshares in a research report on Saturday, April 20th. They issued a “hold” rating on the stock.

Institutional Investors Weigh In On United Security Bancshares

Several large investors have recently added to or reduced their stakes in UBFO. Planning Center Inc. bought a new position in shares of United Security Bancshares in the fourth quarter worth $303,000. Barclays PLC grew its stake in shares of United Security Bancshares by 14.9% in the third quarter. Barclays PLC now owns 29,191 shares of the financial services provider’s stock worth $217,000 after purchasing an additional 3,786 shares in the last quarter. Kennedy Capital Management LLC grew its stake in shares of United Security Bancshares by 8.8% in the third quarter. Kennedy Capital Management LLC now owns 58,454 shares of the financial services provider’s stock worth $435,000 after purchasing an additional 4,749 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of United Security Bancshares by 13.6% in the third quarter. O Shaughnessy Asset Management LLC now owns 32,848 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 3,933 shares in the last quarter. Finally, Bridgewealth Advisory Group LLC grew its stake in shares of United Security Bancshares by 3.8% in the third quarter. Bridgewealth Advisory Group LLC now owns 1,193,088 shares of the financial services provider’s stock worth $8,877,000 after purchasing an additional 44,182 shares in the last quarter. 30.88% of the stock is owned by institutional investors and hedge funds.

United Security Bancshares Price Performance

Shares of UBFO stock remained flat at $7.40 on Friday. The company had a trading volume of 3,263 shares, compared to its average volume of 11,361. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.09. The company has a market cap of $128.17 million, a P/E ratio of 7.12 and a beta of 0.60. United Security Bancshares has a twelve month low of $5.50 and a twelve month high of $8.74. The stock’s fifty day moving average is $7.45 and its two-hundred day moving average is $7.71.

United Security Bancshares (NASDAQ:UBFO) last issued its earnings results on Thursday, April 18th. The financial services provider reported $0.24 earnings per share for the quarter. United Security Bancshares had a return on equity of 15.14% and a net margin of 27.07%. The firm had revenue of $12.77 million for the quarter.

United Security Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 8th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 6.49%. The ex-dividend date of this dividend was Friday, April 5th. United Security Bancshares’s dividend payout ratio is presently 46.15%.

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.