United Bancshares Inc. OH (NASDAQ:UBOH) Lifted to Hold at ValuEngine

ValuEngine upgraded shares of United Bancshares Inc. OH (NASDAQ:UBOH) from a sell rating to a hold rating in a research report sent to investors on Wednesday, ValuEngine reports.

UBOH stock traded up $0.26 during midday trading on Wednesday, hitting $20.40. The stock had a trading volume of 8,395 shares, compared to its average volume of 2,301. The firm has a market capitalization of $66.73 million, a price-to-earnings ratio of 8.22 and a beta of 0.57. United Bancshares Inc. OH has a 52 week low of $17.85 and a 52 week high of $23.99. The stock has a 50-day simple moving average of $19.51 and a 200 day simple moving average of $21.67. The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of 0.82.

United Bancshares Inc. OH (NASDAQ:UBOH) last issued its earnings results on Monday, July 29th. The bank reported $0.70 EPS for the quarter. The firm had revenue of $10.38 million during the quarter. United Bancshares Inc. OH had a return on equity of 10.07% and a net margin of 17.69%.

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Saturday, August 31st were given a $0.13 dividend. The ex-dividend date was Thursday, August 29th. This represents a $0.52 annualized dividend and a yield of 2.55%.

A hedge fund recently raised its stake in United Bancshares Inc. OH stock. Advisor Group Inc. boosted its stake in shares of United Bancshares Inc. OH (NASDAQ:UBOH) by 55.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,400 shares of the bank’s stock after acquiring an additional 500 shares during the quarter. Advisor Group Inc.’s holdings in United Bancshares Inc. OH were worth $28,000 as of its most recent SEC filing. 19.40% of the stock is currently owned by institutional investors.

About United Bancshares Inc. OH

United Bancshares, Inc operates as the bank holding company for The Union Bank Company that provides various commercial and retail banking products and services. The company accepts various deposits products, such as checking, savings, demand deposit, money market deposit, term certificate, and individual retirement accounts, as well as certificates of deposit.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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