United Security Bancshares (NASDAQ:UBFO) was the target of a significant increase in short interest in 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. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 23,100 shares, the days-to-cover ratio is currently 2.9 days.
Shares of NASDAQ:UBFO traded down $0.11 during trading on Thursday, hitting $10.60. 17,909 shares of the company’s stock were exchanged, compared to its average volume of 15,860. The company has a market cap of $179.37 million, a price-to-earnings ratio of 11.50 and a beta of 0.45. The business’s 50-day simple moving average is $10.47 and its 200 day simple moving average is $10.55. 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 52-week low of $9.18 and a 52-week high of $11.45.
United Security Bancshares (NASDAQ:UBFO) last posted its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter. The business had revenue of $11.03 million during the quarter. United Security Bancshares had a return on equity of 14.13% and a net margin of 33.94%.
Hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA lifted its stake in shares of United Security Bancshares by 543.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,781 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 2,349 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of United Security Bancshares by 51.2% during the 4th quarter. Bank of America Corp DE now owns 11,551 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 3,911 shares during the last quarter. Sawtooth Solutions LLC bought a new stake in shares of United Security Bancshares during the 2nd quarter worth approximately $194,000. AE Wealth Management LLC bought a new stake in shares of United Security Bancshares during the 2nd quarter worth approximately $194,000. Finally, Panagora Asset Management Inc. lifted its stake in shares of United Security Bancshares by 107.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 28,138 shares of the financial services provider’s stock worth $320,000 after acquiring an additional 14,575 shares during the last quarter. 23.55% of the stock is owned by hedge funds and other institutional investors.
Separately, ValuEngine cut United Security Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.
About United Security Bancshares
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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