United Security Bancshares (NASDAQ:UBFO) Short Interest Update

United Security Bancshares (NASDAQ:UBFO) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 42,700 shares, a decline of 28.8% from the March 15th total of 60,000 shares. Based on an average daily volume of 15,300 shares, the short-interest ratio is presently 2.8 days. Currently, 0.3% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of United Security Bancshares in a research note on Friday. They set 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. American Century Companies Inc. increased its stake in United Security Bancshares by 29.7% during the 1st quarter. American Century Companies Inc. now owns 66,340 shares of the financial services provider’s stock worth $551,000 after buying an additional 15,205 shares during the period. Vanguard Group Inc. increased its stake in United Security Bancshares by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 561,235 shares of the financial services provider’s stock worth $4,659,000 after buying an additional 16,246 shares during the period. UBS Group AG increased its stake in United Security Bancshares by 80.5% during the 1st quarter. UBS Group AG now owns 7,542 shares of the financial services provider’s stock worth $63,000 after buying an additional 3,363 shares during the period. Goldman Sachs Group Inc. increased its stake in United Security Bancshares by 19.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 22,364 shares of the financial services provider’s stock worth $186,000 after buying an additional 3,668 shares during the period. Finally, State Street Corp increased its stake in United Security Bancshares by 5.6% during the 2nd quarter. State Street Corp now owns 49,027 shares of the financial services provider’s stock worth $374,000 after buying an additional 2,583 shares during the period. 30.88% of the stock is owned by hedge funds and other institutional investors.

United Security Bancshares Price Performance

United Security Bancshares stock opened at $7.36 on Friday. The company’s 50 day simple moving average is $7.46 and its 200-day simple moving average is $7.70. The company has a market capitalization of $127.48 million, a price-to-earnings ratio of 6.34 and a beta of 0.60. United Security Bancshares has a 1 year low of $5.50 and a 1 year high of $8.74. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.89 and a current ratio of 0.89.

United Security Bancshares (NASDAQ:UBFO) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter. The business had revenue of $14.95 million for the quarter. United Security Bancshares had a net margin of 30.02% and a return on equity of 16.99%.

United Security Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Monday, April 8th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.52%. The ex-dividend date of this dividend is Friday, April 5th. United Security Bancshares’s dividend payout ratio (DPR) is 41.38%.

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.