United Bancshares (NASDAQ:UBOH) Share Price Passes Below 200-Day Moving Average of $31.33

United Bancshares, Inc. (NASDAQ:UBOH)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $31.33 and traded as low as $29.95. United Bancshares shares last traded at $29.95, with a volume of 827 shares changing hands.

The firm has a market capitalization of $97.88 million, a PE ratio of 7.11 and a beta of 0.84. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.79 and a current ratio of 0.81. The business’s 50 day moving average is $30.90 and its two-hundred day moving average is $31.32.

United Bancshares (NASDAQ:UBOH) last released its quarterly earnings results on Tuesday, August 3rd. The bank reported $0.80 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 company also recently declared a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Tuesday, August 31st were given a dividend of $0.20 per share. This is a positive change from United Bancshares’s previous quarterly dividend of $0.17. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date was Monday, August 30th.

In other United Bancshares news, insider Norman V. Schnipke sold 1,303 shares of the business’s stock in a transaction on Wednesday, August 4th. The shares were sold at an average price of $32.98, for a total value of $42,972.94. Following the completion of the sale, the insider now directly owns 16,726 shares of the company’s stock, valued at $551,623.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brent D. Nussbaum sold 831 shares of the business’s stock in a transaction on Thursday, July 22nd. The stock was sold at an average price of $31.59, for a total transaction of $26,251.29. The disclosure for this sale can be found here. 6.32% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC purchased a new position in shares of United Bancshares during the first quarter valued at about $366,000. Vanguard Group Inc. grew its holdings in United Bancshares by 25.5% in the second quarter. Vanguard Group Inc. now owns 38,158 shares of the bank’s stock worth $1,367,000 after purchasing an additional 7,748 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in United Bancshares by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 38,427 shares of the bank’s stock worth $970,000 after purchasing an additional 452 shares during the period. Hedge funds and other institutional investors own 20.45% of the company’s stock.

United Bancshares Company Profile (NASDAQ:UBOH)

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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