United Security Bancshares (NASDAQ:UBFO – Get Rating) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 21,600 shares, a decline of 31.2% from the February 13th total of 31,400 shares. Currently, 0.2% of the company's shares are short sold. Based on an average trading volume of 26,800 shares, the short-interest ratio is currently 0.8 days.
United Security Bancshares Trading Down 4.9 %
Shares of UBFO stock opened at $6.86 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $116.96 million, a P/E ratio of 7.54 and a beta of 0.64. The company has a 50 day moving average price of $7.78 and a 200 day moving average price of $7.23. United Security Bancshares has a fifty-two week low of $6.50 and a fifty-two week high of $8.67.
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United Security Bancshares (NASDAQ:UBFO – Get Rating) last announced its quarterly earnings data on Thursday, January 26th. The financial services provider reported $0.31 earnings per share for the quarter. The firm had revenue of $14.53 million during the quarter. United Security Bancshares had a net margin of 30.70% and a return on equity of 14.23%.
United Security Bancshares Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 19th. Investors of record on Wednesday, January 4th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date was Tuesday, January 3rd. United Security Bancshares's dividend payout ratio (DPR) is currently 48.35%.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on shares of United Security Bancshares in a research note on Sunday, March 5th. They issued a "buy" rating on the stock.
Insider Activity
In related news, CEO Dennis R. Woods purchased 3,658 shares of United Security Bancshares stock in a transaction dated Wednesday, February 15th. The shares were acquired at an average cost of $7.85 per share, with a total value of $28,715.30. Following the purchase, the chief executive officer now owns 855,715 shares of the company's stock, valued at $6,717,362.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 20.40% of the company's stock.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Bridgewealth Advisory Group LLC acquired a new position in United Security Bancshares during the 4th quarter worth approximately $8,418,000. Dimensional Fund Advisors LP grew its holdings in United Security Bancshares by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 847,478 shares of the financial services provider's stock worth $6,195,000 after acquiring an additional 9,210 shares in the last quarter. Vanguard Group Inc. grew its holdings 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 acquiring an additional 16,246 shares in the last quarter. Alliancebernstein L.P. grew its holdings in United Security Bancshares by 69.9% during the 4th quarter. Alliancebernstein L.P. now owns 122,690 shares of the financial services provider's stock worth $897,000 after acquiring an additional 50,463 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings 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 acquiring an additional 15,205 shares in the last quarter. Institutional investors and hedge funds own 29.93% of the company's stock.
About United Security Bancshares
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United Security Bancshares (California) is a holding company, which engages in the provision of commercial banking services. Its portfolio consists of commercial and industrial, government program, commercial real estate, residential mortgages, home improvement and home equity, real estate construction and development, agricultural, and installment and student loans.
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