United Security Bancshares (NASDAQ:UBFO) Sees Large Increase in Short Interest

United Security Bancshares (NASDAQ:UBFO) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 39,500 shares, an increase of 18.6% from the February 13th total of 33,300 shares. Based on an average daily volume of 26,200 shares, the short-interest ratio is presently 1.5 days. Approximately 0.3% of the company’s shares are sold short.

United Security Bancshares Trading Down 0.4 %

NASDAQ:UBFO opened at $9.17 on Wednesday. The company has a 50-day moving average price of $9.66 and a 200-day moving average price of $9.34. United Security Bancshares has a 12 month low of $7.02 and a 12 month high of $10.49. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09. The stock has a market cap of $158.85 million, a price-to-earnings ratio of 10.66 and a beta of 0.54.

United Security Bancshares (NASDAQ:UBFO) last posted its earnings results on Monday, January 27th. The financial services provider reported $0.15 EPS for the quarter. United Security Bancshares had a net margin of 22.58% and a return on equity of 11.54%.

Institutional Investors Weigh In On United Security Bancshares

Institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC increased its stake in shares of United Security Bancshares by 12.5% in the 3rd quarter. Barclays PLC now owns 28,576 shares of the financial services provider’s stock worth $248,000 after acquiring an additional 3,171 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of United Security Bancshares by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 145,776 shares of the financial services provider’s stock worth $1,270,000 after acquiring an additional 14,668 shares in the last quarter. Empowered Funds LLC increased its stake in shares of United Security Bancshares by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 49,201 shares of the financial services provider’s stock worth $429,000 after acquiring an additional 2,412 shares in the last quarter. Miracle Mile Advisors LLC increased its stake in shares of United Security Bancshares by 43.8% in the 4th quarter. Miracle Mile Advisors LLC now owns 23,000 shares of the financial services provider’s stock worth $232,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of United Security Bancshares in the 4th quarter worth about $120,000. 30.88% of the stock is owned by hedge funds and other institutional investors.

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.