United Bancshares, Inc. (NASDAQ:UBOH) Short Interest Update

United Bancshares, Inc. (NASDAQ:UBOH) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 3,200 shares, a decline of 44.8% from the August 15th total of 5,800 shares. Based on an average daily trading volume, of 2,600 shares, the short-interest ratio is presently 1.2 days. Approximately 0.1% of the shares of the stock are sold short.

In other news, insider Brent D. Nussbaum sold 831 shares of the stock in a transaction dated Thursday, July 22nd. The shares were sold at an average price of $31.59, for a total transaction of $26,251.29. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Teresa M. Deitering sold 1,347 shares of the stock in a transaction dated Friday, July 9th. The stock was sold at an average price of $31.59, for a total transaction of $42,551.73. Following the transaction, the insider now owns 3,015 shares in the company, valued at $95,243.85. The disclosure for this sale can be found here. Insiders sold a total of 3,481 shares of company stock worth $111,776 over the last quarter. Insiders own 6.32% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC acquired a new stake in United Bancshares in the first quarter valued at approximately $366,000. Dimensional Fund Advisors LP boosted its stake in shares of United Bancshares by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 38,427 shares of the bank’s stock valued at $970,000 after buying an additional 452 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of United Bancshares by 25.5% during the 2nd quarter. Vanguard Group Inc. now owns 38,158 shares of the bank’s stock valued at $1,367,000 after buying an additional 7,748 shares during the last quarter. 20.45% of the stock is owned by hedge funds and other institutional investors.

UBOH opened at $30.62 on Friday. The firm has a 50 day moving average price of $32.86 and a 200 day moving average price of $30.64. The company has a market cap of $100.40 million, a PE ratio of 7.29 and a beta of 0.84. United Bancshares has a 1 year low of $18.32 and a 1 year high of $37.71. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.79 and a current ratio of 0.81.

United Bancshares (NASDAQ:UBOH) last posted its earnings results on Tuesday, August 3rd. The bank reported $0.80 earnings per share (EPS) for the quarter. The firm had revenue of $12.21 million during the quarter. United Bancshares had a net margin of 21.18% and a return on equity of 12.27%.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Investors of record on Tuesday, August 31st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend was Monday, August 30th. This is an increase from United Bancshares’s previous quarterly dividend of $0.17.

About United Bancshares

United Bancshares, Inc is a financial holding company, which operates through its wholly owned subsidiary Union Bank Co It engages in banking and financial solutions and focuses on commercial banking industry. The firm offers checking, savings and money market, loans, credit cards, merchant services, treasury management, and online banking.

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