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United Bancshares (NASDAQ:UBOH) Stock Price Passes Above 50 Day Moving Average of $19.53

Financial News Live ·  May 4, 2023 08:53

United Bancshares, Inc. (NASDAQ:UBOH – Get Rating) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $19.53 and traded as high as $20.00. United Bancshares shares last traded at $19.67, with a volume of 5,140 shares traded.

United Bancshares Stock Performance

The stock has a market cap of $61.23 million, a price-to-earnings ratio of 5.93 and a beta of 0.43. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.53. The firm's 50-day moving average is $19.51 and its two-hundred day moving average is $19.27.

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United Bancshares Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, February 27th. This represents a yield of 4.31%. United Bancshares's payout ratio is 26.75%.

Institutional Trading of United Bancshares

An institutional investor recently raised its position in United Bancshares stock. Vanguard Group Inc. lifted its position in shares of United Bancshares, Inc. (NASDAQ:UBOH – Get Rating) by 7.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,742 shares of the bank's stock after buying an additional 4,463 shares during the period. Vanguard Group Inc. owned approximately 1.91% of United Bancshares worth $2,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 1.25% of the stock is currently owned by institutional investors and hedge funds.

About United Bancshares

(Get Rating)

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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