United Security Bancshares (NASDAQ:UBFO) Short Interest Up 18.6% in February

United Security Bancshares (NASDAQ:UBFO) was the target of a large growth in short interest during 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. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 26,200 shares, the short-interest ratio is currently 1.5 days.

Institutional Trading of United Security Bancshares

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in shares of United Security Bancshares by 1,292.4% in the 4th quarter. Bank of America Corp DE now owns 3,648 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 3,386 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in United Security Bancshares in the 4th quarter valued at about $108,000. Y Intercept Hong Kong Ltd acquired a new position in United Security Bancshares in the 4th quarter valued at about $120,000. Schonfeld Strategic Advisors LLC acquired a new position in United Security Bancshares in the 4th quarter valued at about $159,000. Finally, Jane Street Group LLC acquired a new position in United Security Bancshares in the 4th quarter valued at about $176,000. 30.88% of the stock is owned by hedge funds and other institutional investors.

United Security Bancshares Stock Down 1.3 %

United Security Bancshares stock opened at $9.04 on Friday. United Security Bancshares has a fifty-two week low of $7.02 and a fifty-two week high of $10.49. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $156.60 million, a P/E ratio of 10.51 and a beta of 0.54. The stock has a 50-day simple moving average of $9.63 and a 200-day simple moving average of $9.33.

United Security Bancshares (NASDAQ:UBFO) last posted its earnings results on Monday, January 27th. The financial services provider reported $0.15 earnings per share 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.