United Security Bankshares (NASDAQ: UBFO – Get a rating) saw significant growth in short-term interest in April. As of April 30, there were short interests totaling 40,000 shares, a growth of 24.2% from the total of 32,200 shares as of April 15. Currently, 0.3% of the stock’s shares are sold short. Based on an average trading volume of 8,800 shares, the short interest ratio is currently 4.5 days.
Separately, StockNews.com launched coverage on the shares of United Security Bancshares in a research note on Friday. They set a “holding” rating for the company.
Shares of NASDAQ: UBFO opened at $7.42 on Tuesday. United Security Bancshares has a 52-week low of $7.28 and a 52-week high of $8.74. The stock has a market capitalization of $126.36 million, a P/E ratio of 11.42 and a beta of 0.72. The company has a fifty-day simple moving average of $8.11 and a two-hundred-day simple moving average of $8.14. The company has a quick ratio of 0.91, a current ratio of 0.91 and a leverage ratio of 0.10.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 18. Shareholders of record on Wednesday April 6 received a dividend of $0.11. The ex-dividend date was Tuesday, April 5. This represents a dividend of $0.44 on an annualized basis and a dividend yield of 5.93%. United Security Bancshares payout ratio is currently 67.69%.
Major investors have recently changed their stake in the company. Royal Bank of Canada increased its stake in United Security Bancshares shares by 263.3% in the second quarter. Royal Bank of Canada now owns 3,891 shares of the financial services provider worth $32,000 after buying 2,820 more shares last quarter. UBS Group AG increased its equity stake in United Security Bancshares by 39.4% in the third quarter. UBS Group AG now owns 5,825 shares of the financial services provider worth $46,000 after buying an additional 1,646 shares last quarter. Goldman Sachs Group Inc. increased its stake in United Security Bancshares shares by 17.0% in Q3. Goldman Sachs Group Inc. now owns 18,862 shares of the financial services provider worth $151,000 after buying 2,738 more shares last quarter. American Century Companies Inc. increased its stake in United Security Bancshares shares by 16.4% in Q3. American Century Companies Inc. now owns 37,003 shares of the financial services provider worth $296,000 after buying an additional 5,204 shares last quarter. Finally, Private Wealth Advisors LLC increased its stake in United Security Bancshares shares by 2.4% in the third quarter. Private Wealth Advisors LLC now owns 91,001 shares of the financial services provider worth $719,000 after buying 2,118 additional shares in the last quarter. 37.02% of the shares are held by institutional investors and hedge funds.
About United Security Bancshares (Get a rating)
United Security Bancshares operates as a bank holding company for United Security Bank, a state-chartered bank that provides a range of commercial banking services to businesses and the professional community, as well as individuals in California. The Company accepts a variety of deposit products, including personal and business checking accounts, savings accounts, interest-bearing negotiable promissory withdrawal accounts, money market accounts and term deposit certificates.
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