Short Interest in United Security Bancshares (NASDAQ:UBFO) Decreases By 48.9%

United Security Bancshares (NASDAQ:UBFO - Get Free Report) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 21,800 shares, a drop of 48.9% from the March 31st total of 42,700 shares. Based on an average trading volume of 12,600 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.2% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of United Security Bancshares in a research note on Saturday, April 20th. They issued a "hold" rating on the stock.

Institutional Investors Weigh In On United Security Bancshares

Hedge funds have recently added to or reduced their stakes in the business. Miracle Mile Advisors LLC bought a new stake in United Security Bancshares in the first quarter valued at $108,000. Planning Center Inc. purchased a new stake in United Security Bancshares in the 4th quarter worth about $303,000. Kennedy Capital Management LLC raised its position 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 valued at $435,000 after purchasing an additional 4,749 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in United Security Bancshares by 13.6% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 32,848 shares of the financial services provider's stock valued at $244,000 after acquiring an additional 3,933 shares during the period. Finally, Bridgewealth Advisory Group LLC raised its stake in shares of United Security Bancshares by 3.8% during the 3rd quarter. Bridgewealth Advisory Group LLC now owns 1,193,088 shares of the financial services provider's stock valued at $8,877,000 after purchasing an additional 44,182 shares during the period. 30.88% of the stock is currently owned by institutional investors.

United Security Bancshares Price Performance

Shares of NASDAQ:UBFO remained flat at $7.40 during trading on Friday. 3,263 shares of the stock traded hands, compared to its average volume of 14,791. United Security Bancshares has a 52 week low of $5.50 and a 52 week high of $8.74. The stock has a fifty day simple moving average of $7.45 and a 200 day simple moving average of $7.71. 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 firm has a market cap of $128.17 million, a P/E ratio of 7.12 and a beta of 0.60.

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

United Security Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 8th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, April 5th. This represents a $0.48 annualized dividend and a yield of 6.49%. United Security Bancshares's dividend payout ratio is currently 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.

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