United Security Bancshares (NASDAQ:UBFO) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 53,700 shares, a drop of 19.6% from the September 15th total of 66,800 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 15,700 shares, the days-to-cover ratio is currently 3.4 days.
In other United Security Bancshares news, COO David L. Eytcheson acquired 4,342 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was purchased at an average cost of $10.23 per share, with a total value of $44,418.66. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 21.50% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the stock. AE Wealth Management LLC acquired a new stake in shares of United Security Bancshares in the second quarter valued at about $194,000. Sawtooth Solutions LLC purchased a new position in United Security Bancshares in the second quarter valued at about $194,000. Panagora Asset Management Inc. boosted its holdings in United Security Bancshares by 107.5% in the second quarter. Panagora Asset Management Inc. now owns 28,138 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 14,575 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in United Security Bancshares by 7.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 32,297 shares of the financial services provider’s stock valued at $368,000 after purchasing an additional 2,274 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in United Security Bancshares by 6.9% in the second quarter. Renaissance Technologies LLC now owns 250,838 shares of the financial services provider’s stock valued at $2,857,000 after purchasing an additional 16,200 shares during the last quarter. Institutional investors own 23.48% of the company’s stock.
Separately, ValuEngine raised United Security Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, October 7th.
United Security Bancshares stock traded up $0.02 during midday trading on Wednesday, reaching $10.30. 11,500 shares of the stock traded hands, compared to its average volume of 15,610. The company has a 50-day simple moving average of $10.37 and a two-hundred day simple moving average of $10.53. United Security Bancshares has a 12-month low of $9.18 and a 12-month high of $11.45. The firm has a market cap of $173.78 million, a PE ratio of 10.68 and a beta of 0.43. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.12.
United Security Bancshares (NASDAQ:UBFO) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $0.25 EPS for the quarter. United Security Bancshares had a return on equity of 14.45% and a net margin of 33.99%. The company had revenue of $11.21 million during the quarter.
The company also recently announced a — dividend, which was paid on Friday, October 18th. Investors of record on Tuesday, October 8th were issued a dividend of $0.11 per share. This represents a yield of 4.2%. The ex-dividend date of this dividend was Monday, October 7th.
United Security Bancshares Company Profile
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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