Tearsheet

United Security Bancshares (UBFO)


Market Price (4/1/2026): $10.5 | Market Cap: $173.9 Mil
Sector: Financials | Industry: Regional Banks

United Security Bancshares (UBFO)


Market Price (4/1/2026): $10.5
Market Cap: $173.9 Mil
Sector: Financials
Industry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 4.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.7%, FCF Yield is 11%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -101%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 41%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 37%

Low stock price volatility
Vol 12M is 29%

Megatrend and thematic drivers
Megatrends include Regional Banking & Financial Inclusion. Themes include Digital Community Banking, Localized Digital Lending, and Financial Literacy & Accessibility Tech.

Key risks
UBFO key risks include [1] the potential failure to complete or successfully integrate its pending merger with Community West Bancshares and [2] a high concentration of its loan portfolio in California's real estate and agricultural sectors.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 4.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.7%, FCF Yield is 11%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -101%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 41%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 37%
3 Low stock price volatility
Vol 12M is 29%
4 Megatrend and thematic drivers
Megatrends include Regional Banking & Financial Inclusion. Themes include Digital Community Banking, Localized Digital Lending, and Financial Literacy & Accessibility Tech.
5 Key risks
UBFO key risks include [1] the potential failure to complete or successfully integrate its pending merger with Community West Bancshares and [2] a high concentration of its loan portfolio in California's real estate and agricultural sectors.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

United Security Bancshares (UBFO) stock has gained about 5% since 12/31/2025 because of the following key factors:

1. Definitive Merger Agreement with Community West Bancshares.

On December 16, 2025, United Security Bancshares announced a definitive all-stock merger agreement with Community West Bancshares. The transaction, expected to close in 2026, is aimed at enhancing scale and delivering expanded value to stakeholders. Based on Community West Bancshares' (CWB) closing price on December 16, 2025, the implied per-share value for United Security Bancshares (UBFO) was $10.88, further increasing to $10.97 based on CWB's closing price on February 18, 2026.

2. Strong Fourth Quarter 2025 Earnings Performance.

United Security Bancshares reported a significant improvement in its fourth-quarter 2025 financial results on January 22, 2026. Net income for the quarter increased by 36.83% year-over-year to $3.4 million, with earnings per share rising to $0.19 from $0.14 in the prior-year quarter. This positive quarterly performance was further supported by an expansion of the net interest margin to 4.36% for Q4 2025 from 4.22% in Q4 2024, and a decrease in the annualized average cost of deposits to 0.99% from 1.11%.

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Stock Movement Drivers

Fundamental Drivers

The 4.4% change in UBFO stock from 12/31/2025 to 3/31/2026 was primarily driven by a 5.5% change in the company's Shares Outstanding (Mil).
(LTM values as of)123120253312026Change
Stock Price ($)10.0710.514.4%
Change Contribution By: 
Total Revenues ($ Mil)52543.4%
Net Income Margin (%)22.0%23.0%4.6%
P/E Multiple15.514.2-8.5%
Shares Outstanding (Mil)17175.5%
Cumulative Contribution4.4%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 3/31/2026
ReturnCorrelation
UBFO4.4% 
Market (SPY)-5.4%40.0%
Sector (XLF)-9.9%62.6%

Fundamental Drivers

The 15.5% change in UBFO stock from 9/30/2025 to 3/31/2026 was primarily driven by a 5.8% change in the company's Net Income Margin (%).
(LTM values as of)93020253312026Change
Stock Price ($)9.1010.5115.5%
Change Contribution By: 
Total Revenues ($ Mil)51544.0%
Net Income Margin (%)21.7%23.0%5.8%
P/E Multiple14.014.21.0%
Shares Outstanding (Mil)17174.0%
Cumulative Contribution15.5%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 3/31/2026
ReturnCorrelation
UBFO15.5% 
Market (SPY)-2.9%37.5%
Sector (XLF)-8.0%58.3%

Fundamental Drivers

The 23.7% change in UBFO stock from 3/31/2025 to 3/31/2026 was primarily driven by a 43.3% change in the company's P/E Multiple.
(LTM values as of)33120253312026Change
Stock Price ($)8.5010.5123.7%
Change Contribution By: 
Total Revenues ($ Mil)51545.1%
Net Income Margin (%)29.0%23.0%-20.9%
P/E Multiple9.914.243.3%
Shares Outstanding (Mil)17173.8%
Cumulative Contribution23.7%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 3/31/2026
ReturnCorrelation
UBFO23.7% 
Market (SPY)16.3%53.8%
Sector (XLF)0.1%63.3%

Fundamental Drivers

The 96.8% change in UBFO stock from 3/31/2023 to 3/31/2026 was primarily driven by a 144.1% change in the company's P/E Multiple.
(LTM values as of)33120233312026Change
Stock Price ($)5.3410.5196.8%
Change Contribution By: 
Total Revenues ($ Mil)485412.0%
Net Income Margin (%)32.8%23.0%-30.0%
P/E Multiple5.814.2144.1%
Shares Outstanding (Mil)17172.9%
Cumulative Contribution96.8%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 3/31/2026
ReturnCorrelation
UBFO96.8% 
Market (SPY)63.3%35.3%
Sector (XLF)60.4%42.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
UBFO Return22%-6%23%28%6%2%96%
Peers Return40%-3%24%17%10%4%126%
S&P 500 Return27%-19%24%23%16%-7%69%

Monthly Win Rates [3]
UBFO Win Rate67%42%67%67%58%33% 
Peers Win Rate53%33%48%42%53%60% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
UBFO Max Drawdown-4%-18%-22%-14%-23%-3% 
Peers Max Drawdown-3%-17%-23%-18%-18%-2% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: BSRR, HTBK, PLBC, BCAL, MCBS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/31/2026 (YTD)

How Low Can It Go

Unique KeyEventUBFOS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-33.7%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven50.7%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven228 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-52.7%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven111.6%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven2,128 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-18.2%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven22.2%24.7%
2018 CorrectionTime to BreakevenTime to BreakevenNot Fully Recovered days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-90.0%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven900.0%131.3%
2008 Global Financial CrisisTime to BreakevenTime to BreakevenNot Fully Recovered days1,480 days

Compare to BSRR, HTBK, PLBC, BCAL, MCBS

In The Past

United Security Bancshares's stock fell -33.7% during the 2022 Inflation Shock from a high on 2/6/2023. A -33.7% loss requires a 50.7% gain to breakeven.

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Asset Allocation

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About United Security Bancshares (UBFO)

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. It also provides real estate mortgage, commercial and industrial, real estate construction, and consumer loans, as well as agricultural, installment, and student loans. In addition, the company offers online and mobile banking, safe deposit boxes, wire transfers, payroll direct deposit, cashier's check, cash management, traveler's check, money order, and foreign draft services, as well as interactive teller machines and ATM services. As of January 26, 2022, it operated 12 full-service branch offices in Fresno, Bakersfield, Campbell, Caruthers, Coalinga, Firebaugh, Mendota, Oakhurst, San Joaquin, and Taft. The company was founded in 1987 and is headquartered in Fresno, California.

AI Analysis | Feedback

Here are 1-3 brief analogies for United Security Bancshares (UBFO):

  • It's like Wells Fargo, but operating as a regional community bank focused on central California.
  • Think of it as a localized Bank of America, offering traditional commercial and personal banking services only within a handful of California communities.

AI Analysis | Feedback

  • Deposit Accounts: Provides various types of accounts for individuals and businesses, including checking, savings, money market, and certificates of deposit.
  • Loan Products: Offers a diverse portfolio of loans such as real estate mortgages, commercial and industrial loans, consumer loans, and agricultural financing.
  • Banking Services: Delivers a range of additional financial services including online and mobile banking, wire transfers, safe deposit boxes, and cash management.

AI Analysis | Feedback

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United Security Bancshares (UBFO) sells primarily to individuals, in addition to serving the business and professional community. Based on the services described, its major individual customer categories include:

  • Local Residents for Everyday Banking: Individuals residing in the communities served by UBFO's branches (such as Fresno, Bakersfield, Campbell, etc.) who utilize personal checking accounts, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit for their daily financial management and savings needs. They also use services like online and mobile banking, ATM services, and safe deposit boxes.
  • Homebuyers and Property Owners: Individuals seeking real estate mortgage loans for purchasing or refinancing residential properties.
  • Consumers and Students Seeking Personal Credit: Individuals who require consumer loans for personal expenses, installment loans, or student loans for educational financing.
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AI Analysis | Feedback

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AI Analysis | Feedback

Dennis R. Woods, Chairman, President & CEO

Dennis R. Woods is the Founding Chairman of United Security Bank and assumed the additional duties of President and CEO in 1993. Prior to the inception of United Security Bancshares, Mr. Woods served as the President and CEO and a 50% shareowner of Hestbeck's Incorporated, a wholesale and retail food distribution company, for over 20 years. He has also been active in real estate investment, including the ownership of commercial warehouses, apartments, and residential real estate for more than 30 years. Additionally, Mr. Woods has been involved with the development and cultivation of pistachio and almond farms since 1980.

David A. Kinross, Senior VP/CFO

David A. Kinross is the Senior Vice President and Chief Financial Officer of United Security Bank and United Security Bancshares.

Kevin Williams, Senior VP/Chief Banking Officer

Kevin Williams serves as Senior Vice President and Chief Banking Officer of United Security Bank and United Security Bancshares.

Robert C. Oberg, Senior VP/Chief Risk Officer

Robert C. Oberg is the Senior Vice President and Chief Risk Officer of United Security Bank and United Security Bancshares.

William M. Yarbenet, Senior VP/Chief Credit Officer

William M. Yarbenet holds the position of Senior Vice President and Chief Credit Officer of United Security Bank and United Security Bancshares.

AI Analysis | Feedback

United Security Bancshares (UBFO) faces several key risks inherent to the banking sector, particularly as a regional bank operating in California. The most significant risks include credit risk, interest rate risk, and regional economic concentration. * Credit Risk: United Security Bancshares has experienced a significant increase in its provision for credit losses, notably surging to $2.3 million in Q1 2025 from $173,000 in the previous year. This reflects increased risks within its loan portfolio, particularly in installment loans. Total loans also decreased by 0.84% to $920.7 million in Q1 2025, with declines in commercial and industrial loans and real estate construction loans. This trend aligns with broader concerns about credit quality in U.S. regional banks, especially in commercial real estate, which is placing pressure on balance sheets and leading to tighter credit standards. Regional banks are bracing for increased loan loss provisions and diminished profitability due to these factors. * Interest Rate Risk: As a financial institution, UBFO is inherently exposed to fluctuations in interest rates. The banking industry, particularly regional banks, has recently faced significant challenges due to rising interest rates, which can lead to unrealized losses on long-term assets, as seen in the case of Silicon Valley Bank. While UBFO's specific exposure to such unrealized losses is not explicitly detailed, changes in market interest rates can impact the fair value or future cash flows of the company's financial instruments. Lower interest rates, if they occur, could also pressure Net Interest Income as deposit costs may remain elevated. * Regional Economic Concentration and Market Conditions: United Security Bancshares operates 12 full-service branch offices primarily in California's Central Valley and surrounding regions. This concentration exposes the company to the economic conditions and specific challenges of its operating region. Factors such as declining property values, local economic downturns, and even natural disasters like wildfires in Southern California can directly impact loan portfolios, particularly real estate mortgages and commercial properties. While the overall percentage of properties in wildfire footprints might be small, regional banks face concentration risk from such events. This regional focus means that the bank's performance is closely tied to the economic health and specific challenges of California.

AI Analysis | Feedback

The clear emerging threat for United Security Bancshares comes from the rapid rise of **fintech companies and challenger banks**. These digitally native financial institutions leverage technology to offer banking services such as checking accounts, savings accounts, payments, and various loan products, often with lower fees, more competitive interest rates, and superior mobile and online user experiences compared to traditional brick-and-mortar banks. They can attract customers, particularly younger and digitally-savvy individuals and businesses, by providing convenient, branchless banking and often more personalized digital tools, directly challenging UBFO's customer base, deposit growth, and relevance in an increasingly digital financial landscape.

AI Analysis | Feedback

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AI Analysis | Feedback

Here are the expected drivers of future revenue growth for United Security Bancshares (UBFO) over the next 2-3 years:

1. Growth through Merger with Community West Bancshares: A primary driver of future revenue growth for United Security Bancshares is its pending merger with Community West Bancshares, expected to close in the second quarter of 2026. This combination will create a significantly larger banking franchise with approximately $5 billion in total assets, expanded resources, and greater depth of expertise. The merger is anticipated to lead to increased market share and enhanced capacity to serve businesses, families, and communities across an expanded Central California footprint.

2. Increased Market Share in Existing Communities: United Security Bancshares' ongoing business strategy explicitly focuses on increasing its market share within the communities it currently serves. This involves deepening relationships with existing commercial and individual clients and attracting new customers within its established branch network in Fresno, Madera, Santa Clara, and Kern Counties.

3. Expansion into New Markets: The company's strategy also includes expansion into new markets where sound business opportunities are identified. The merger with Community West Bancshares directly supports this by extending the combined entity's reach into additional Central California counties, effectively expanding the geographic markets for revenue generation.

4. Loan Portfolio Growth: United Security Bank's primary sources of revenue are interest income from loans and investment securities. Management has expressed optimism regarding loan growth. The company operates dedicated departments for Commercial Real Estate Construction, Commercial Lending, and Consumer Lending, indicating a continued focus on expanding its loan portfolio across these segments, which directly contributes to interest income.

5. Enhanced Financial Services: As part of its goal to seek growth, United Security Bancshares aims to enhance the financial services offered to its customers. This could involve introducing new banking products or services, improving existing offerings, and leveraging technology to provide more convenient and competitive financial solutions, thereby attracting and retaining a broader customer base and increasing fee-based income.

AI Analysis | Feedback

Here's a summary of United Security Bancshares' capital allocation decisions over the last 3-5 years:

Share Repurchases

  • As of March 31, 2025, United Security Bancshares reported no share repurchases during the first quarter of 2025.

Share Issuance

  • The number of common shares outstanding increased from 17,167,895 at December 31, 2023, to 17,364,894 at December 31, 2024, and further to 17,475,927 at March 31, 2025.

Inbound Investments

  • Community West Bancshares will acquire United Security Bancshares in an all-stock merger transaction valued at approximately $191.9 million.
  • Under the merger agreement, United Security Bancshares shareholders are entitled to receive 0.4520 shares of Community West Bancshares common stock for each share of United Security Bancshares common stock.
  • The transaction is expected to close in the second quarter of 2026.

Capital Expenditures

  • In 2023, capital expenditures for property and equipment were $2.5 million.
  • In 2022, capital expenditures for property and equipment totaled $1.6 million.
  • For 2021, capital expenditures for property and equipment amounted to $0.8 million.

Latest Trefis Analyses

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0ARTICLES

Trade Ideas

Select ideas related to UBFO.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
HBAN_3312026_Insider_Buying_45D_2Buy_200K03312026HBANHuntington BancsharesInsiderInsider Buys 45DStrong Insider Buying
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NP_3312026_Insider_Buying_45D_2Buy_200K03312026NPNeptune InsuranceInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days
0.0%0.0%0.0%
JKHY_3272026_Monopoly_xInd_xCD_Getting_Cheaper03272026JKHYJack Henry & AssociatesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
3.1%3.1%0.0%
MKTX_3202026_Dip_Buyer_FCFYield03202026MKTXMarketAxessDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-5.2%-5.2%-5.7%
RYAN_3202026_Insider_Buying_GTE_1Mil_EBITp+DE_V203202026RYANRyan SpecialtyInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
-2.7%-2.7%-8.5%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

UBFOBSRRHTBKPLBCBCALMCBSMedian
NameUnited S.Sierra B.Heritage.Plumas B.Californ.MetroCit. 
Mkt Price10.5133.9212.4848.8217.7228.6723.20
Mkt Cap0.20.40.80.30.60.80.5
Rev LTM5414619792180153150
Op Inc LTM-------
FCF LTM20326220573735
FCF 3Y Avg20475729465947
CFO LTM22346222573836
CFO 3Y Avg21485830476147

Growth & Margins

UBFOBSRRHTBKPLBCBCALMCBSMedian
NameUnited S.Sierra B.Heritage.Plumas B.Californ.MetroCit. 
Rev Chg LTM5.1%5.5%14.5%48.5%41.0%9.8%12.2%
Rev Chg 3Y Avg4.2%4.6%1.6%13.9%25.9%5.3%4.9%
Rev Chg Q14.9%16.7%15.8%8.7%0.8%22.7%15.3%
QoQ Delta Rev Chg LTM3.4%3.8%4.1%2.0%0.2%5.3%3.6%
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM41.2%23.0%31.2%23.4%31.8%24.6%27.9%
CFO/Rev 3Y Avg39.6%36.4%30.6%40.1%35.0%46.5%38.0%
FCF/Rev LTM36.9%22.0%31.2%21.9%31.6%24.1%27.7%
FCF/Rev 3Y Avg37.0%35.4%30.0%38.3%34.7%44.7%36.2%

Valuation

UBFOBSRRHTBKPLBCBCALMCBSMedian
NameUnited S.Sierra B.Heritage.Plumas B.Californ.MetroCit. 
Mkt Cap0.20.40.80.30.60.80.5
P/S3.33.13.93.73.25.03.5
P/EBIT-------
P/E14.210.616.011.59.111.111.3
P/CFO7.913.312.415.710.020.212.9
Total Yield11.9%12.5%10.4%11.0%11.0%12.3%11.4%
Dividend Yield4.8%3.1%4.2%2.3%0.0%3.3%3.2%
FCF Yield 3Y Avg12.3%12.3%8.9%10.7%9.7%8.6%10.2%
D/E0.10.90.10.10.10.70.1
Net D/E-1.0-0.5-0.8-1.20.00.2-0.6

Returns

UBFOBSRRHTBKPLBCBCALMCBSMedian
NameUnited S.Sierra B.Heritage.Plumas B.Californ.MetroCit. 
1M Rtn1.2%-5.7%1.5%-2.9%-2.7%2.0%-0.8%
3M Rtn4.6%4.2%5.1%10.0%-5.7%8.5%4.8%
6M Rtn15.5%19.2%29.8%14.7%7.4%5.4%15.1%
12M Rtn23.7%25.8%39.3%16.0%25.0%7.7%24.4%
3Y Rtn96.8%121.7%78.9%55.7%104.5%85.6%91.2%
1M Excs Rtn5.3%-1.0%5.1%1.1%2.3%5.9%3.7%
3M Excs Rtn9.5%9.3%8.0%14.8%0.7%13.2%9.4%
6M Excs Rtn18.0%21.2%31.4%17.1%9.2%6.2%17.6%
12M Excs Rtn5.2%7.3%22.0%0.2%7.6%-8.6%6.2%
3Y Excs Rtn36.2%54.3%5.5%-8.4%40.1%23.6%29.9%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Banking 66483937
Total 66483937


Net Income by Segment
$ Mil20252024202320222021
Banking 20   
Total 20   


Assets by Segment
$ Mil20252024202320222021
Banking1,2121,211   
Total1,2121,211   


Price Behavior

Price Behavior
Market Price$10.51 
Market Cap ($ Bil)0.2 
First Trading Date03/03/1999 
Distance from 52W High-7.9% 
   50 Days200 Days
DMA Price$10.59$9.52
DMA Trendupup
Distance from DMA-0.8%10.4%
 3M1YR
Volatility24.8%29.0%
Downside Capture0.270.55
Upside Capture89.4088.03
Correlation (SPY)39.1%53.5%
UBFO Betas & Captures as of 3/31/2026

 1M2M3M6M1Y3Y
Beta0.710.720.770.720.820.64
Up Beta1.510.771.520.730.660.63
Down Beta0.350.350.600.781.050.84
Up Capture110%95%89%89%80%33%
Bmk +ve Days7162765139424
Stock +ve Days9203057117371
Down Capture54%75%56%56%86%71%
Bmk -ve Days12233358110323
Stock -ve Days12203163125338

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with UBFO
UBFO22.3%29.0%0.69-
Sector ETF (XLF)1.4%19.3%-0.0562.8%
Equity (SPY)17.2%18.9%0.7253.5%
Gold (GLD)52.7%27.9%1.51-9.9%
Commodities (DBC)17.9%17.6%0.8612.9%
Real Estate (VNQ)2.8%16.5%-0.0047.6%
Bitcoin (BTCUSD)-20.8%44.1%-0.4021.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with UBFO
UBFO11.9%25.2%0.43-
Sector ETF (XLF)10.0%18.7%0.4238.4%
Equity (SPY)12.1%17.0%0.5531.3%
Gold (GLD)21.7%17.8%1.00-5.1%
Commodities (DBC)11.6%18.8%0.508.4%
Real Estate (VNQ)3.6%18.8%0.1028.1%
Bitcoin (BTCUSD)4.9%56.6%0.3111.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with UBFO
UBFO13.6%38.8%0.45-
Sector ETF (XLF)12.4%22.2%0.5244.5%
Equity (SPY)14.0%17.9%0.6738.2%
Gold (GLD)13.8%15.9%0.720.1%
Commodities (DBC)8.1%17.6%0.3811.8%
Real Estate (VNQ)5.0%20.7%0.2138.0%
Bitcoin (BTCUSD)66.1%66.8%1.0512.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date3132026
Short Interest: Shares Quantity0.1 Mil
Short Interest: % Change Since 22820268.1%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest5.6 days
Basic Shares Quantity16.6 Mil
Short % of Basic Shares0.7%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
1/22/2026-0.6%-0.7%-2.2%
10/16/20255.4%5.0%13.7%
7/17/2025-1.4%0.5%2.5%
4/17/20251.0%10.1%13.2%
1/27/2025-3.3%-5.7%-2.3%
10/18/2024-1.0%0.5%6.4%
7/18/20242.1%4.9%1.4%
4/18/20241.8%2.5%0.7%
...
SUMMARY STATS   
# Positive131717
# Negative1177
Median Positive1.7%2.5%3.1%
Median Negative-1.0%-3.0%-4.1%
Max Positive12.1%10.1%13.7%
Max Negative-7.7%-9.4%-10.8%

SEC Filings

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Report DateFiling DateFiling
12/31/202503/26/202610-K
09/30/202511/07/202510-Q
06/30/202508/07/202510-Q
03/31/202505/08/202510-Q
12/31/202403/20/202510-K
09/30/202411/06/202410-Q
06/30/202408/02/202410-Q
03/31/202405/09/202410-Q
12/31/202303/26/202410-K
09/30/202311/15/202310-Q
06/30/202308/14/202310-Q
03/31/202305/15/202310-Q
12/31/202203/29/202310-K
09/30/202211/07/202210-Q
06/30/202208/05/202210-Q
03/31/202205/06/202210-Q

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Gill, Jagroop TrBuy80720258.3455,814465,29910,682,077Form
2Ellithorpe, G ThompsonDirectBuy52920259.791,94919,070866,611Form