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

United Security Bancshares (NASDAQ:UBFO) was the target of a significant decrease in short interest during the month of 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. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 12,600 shares, the days-to-cover ratio is currently 1.7 days.

United Security Bancshares Price Performance

Shares of United Security Bancshares stock remained flat at $7.40 during trading hours on Friday. The company’s stock had a trading volume of 3,263 shares, compared to its average volume of 11,361. United Security Bancshares has a 12 month low of $5.50 and a 12 month high of $8.74. The stock has a 50 day simple moving average of $7.45 and a 200 day simple moving average of $7.71. The company has a market capitalization of $128.17 million, a P/E ratio of 7.12 and a beta of 0.60. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.09.

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

United Security Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 8th were given 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 dividend yield of 6.49%. United Security Bancshares’s dividend payout ratio is currently 46.15%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Bridgewealth Advisory Group LLC boosted its position in shares of United Security Bancshares by 3.8% during 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 buying an additional 44,182 shares during the period. Kennedy Capital Management LLC boosted its position in shares of United Security Bancshares by 8.8% during the third quarter. Kennedy Capital Management LLC now owns 58,454 shares of the financial services provider’s stock worth $435,000 after buying an additional 4,749 shares during the period. Planning Center Inc. acquired a new position in shares of United Security Bancshares during the fourth quarter worth about $303,000. Kestra Private Wealth Services LLC acquired a new position in shares of United Security Bancshares during the third quarter worth about $250,000. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of United Security Bancshares by 13.6% during the third quarter. O Shaughnessy Asset Management LLC now owns 32,848 shares of the financial services provider’s stock worth $244,000 after buying an additional 3,933 shares during the period. 30.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.