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


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United Security Bancshares (NASDAQ:UBFO) saw a significant increase in short interest during the month of August. As of August 15th, there was short interest totalling 66,300 shares, an increase of 12.8% from the July 15th total of 58,800 shares. Based on an average daily volume of 23,100 shares, the short-interest ratio is currently 2.9 days. Approximately 0.5% of the company’s stock are sold short.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of United Security Bancshares by 3.4% during the second quarter. Vanguard Group Inc. now owns 564,157 shares of the financial services provider’s stock worth $6,425,000 after acquiring an additional 18,399 shares in the last quarter. BlackRock Inc. raised its stake in shares of United Security Bancshares by 7.9% during the second quarter. BlackRock Inc. now owns 676,348 shares of the financial services provider’s stock worth $7,704,000 after acquiring an additional 49,775 shares in the last quarter. Northern Trust Corp raised its stake in shares of United Security Bancshares by 3.0% during the second quarter. Northern Trust Corp now owns 142,255 shares of the financial services provider’s stock worth $1,620,000 after acquiring an additional 4,171 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of United Security Bancshares by 6.9% during the second quarter. Renaissance Technologies LLC now owns 250,838 shares of the financial services provider’s stock worth $2,857,000 after acquiring an additional 16,200 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of United Security Bancshares by 7.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 32,297 shares of the financial services provider’s stock worth $368,000 after acquiring an additional 2,274 shares in the last quarter. Institutional investors own 24.32% of the company’s stock.

Separately, ValuEngine downgraded shares of United Security Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

Shares of UBFO stock opened at $10.34 on Wednesday. The firm has a 50-day moving average of $10.61 and a 200-day moving average of $10.55. The company has a market cap of $172.42 million, a P/E ratio of 11.05 and a beta of 0.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.01 and a quick ratio of 1.01. United Security Bancshares has a one year low of $9.18 and a one year high of $11.45.

United Security Bancshares (NASDAQ:UBFO) last announced its earnings results on Wednesday, July 17th. The financial services provider reported $0.24 EPS for the quarter. The company had revenue of $11.03 million during the quarter. United Security Bancshares had a net margin of 33.94% and a return on equity of 14.13%.

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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