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

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

Institutional Investors Weigh In On United Security Bancshares

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Millennium Management LLC lifted its stake in United Security Bancshares by 330.9% in the 4th quarter. Millennium Management LLC now owns 47,013 shares of the financial services provider’s stock valued at $475,000 after buying an additional 36,103 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of United Security Bancshares during the 4th quarter worth $108,000. Bank of America Corp DE lifted its stake in shares of United Security Bancshares by 1,292.4% during the 4th quarter. Bank of America Corp DE now owns 3,648 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 3,386 shares during the period. 683 Capital Management LLC purchased a new position in shares of United Security Bancshares during the 4th quarter worth $367,000. Finally, Rhino Investment Partners Inc purchased a new position in shares of United Security Bancshares during the 4th quarter worth $845,000. Hedge funds and other institutional investors own 30.88% of the company’s stock.

United Security Bancshares Stock Performance

NASDAQ UBFO opened at $9.04 on Friday. 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 business’s 50 day moving average is $9.63 and its two-hundred day moving average is $9.33. United Security Bancshares has a 12-month low of $7.02 and a 12-month high of $10.49. The stock has a market capitalization of $156.60 million, a price-to-earnings ratio of 10.51 and a beta of 0.54.

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

About United Security Bancshares

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.