United Security Bancshares (NASDAQ:UBFO) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 76,200 shares, an increase of 14.9% from the July 31st total of 66,300 shares. Based on an average daily volume of 23,900 shares, the days-to-cover ratio is currently 3.2 days. Currently, 0.5% of the shares of the stock are sold short.
United Security Bancshares stock opened at $10.75 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $10.49 and a 200-day moving average of $10.56. The firm has a market cap of $182.21 million, a P/E ratio of 11.72 and a beta of 0.45. United Security Bancshares has a 1-year low of $9.18 and a 1-year high of $11.45.
United Security Bancshares (NASDAQ:UBFO) last issued its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.24 EPS for the quarter. United Security Bancshares had a net margin of 33.94% and a return on equity of 14.13%. The business had revenue of $11.03 million during the quarter.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of United Security Bancshares by 7.9% during the 2nd quarter. BlackRock Inc. now owns 676,348 shares of the financial services provider’s stock valued at $7,704,000 after buying an additional 49,775 shares in the last quarter. Vanguard Group Inc. grew its holdings in United Security Bancshares by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 564,157 shares of the financial services provider’s stock valued at $6,425,000 after purchasing an additional 18,399 shares during the last quarter. Sawtooth Solutions LLC bought a new position in United Security Bancshares during the 2nd quarter valued at about $194,000. AE Wealth Management LLC bought a new position in United Security Bancshares during the 2nd quarter valued at about $194,000. Finally, Renaissance Technologies LLC grew its stake in United Security Bancshares by 6.9% in the 2nd 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. 23.55% of the stock is owned by institutional investors.
Separately, ValuEngine cut United Security Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.
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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