United Bancshares Inc. OH (NASDAQ:UBOH) Share Price Passes Below Fifty Day Moving Average of $23.07

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United Bancshares Inc. OH (NASDAQ:UBOH) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $23.07 and traded as low as $22.56. United Bancshares Inc. OH shares last traded at $22.56, with a volume of 1,276 shares.

Separately, ValuEngine upgraded shares of United Bancshares Inc. OH from a “sell” rating to a “hold” rating in a report on Monday, February 10th.

The firm has a market capitalization of $75.82 million, a PE ratio of 8.26 and a beta of 0.61. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 0.79. The business’s fifty day moving average price is $23.05 and its 200 day moving average price is $21.46.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, February 27th. This is an increase from United Bancshares Inc. OH’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.48%.

A hedge fund recently raised its stake in United Bancshares Inc. OH stock. Alliancebernstein L.P. increased its stake in United Bancshares Inc. OH (NASDAQ:UBOH) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,792 shares of the bank’s stock after acquiring an additional 2,189 shares during the period. Alliancebernstein L.P. owned approximately 1.77% of United Bancshares Inc. OH worth $1,312,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 19.05% of the company’s stock.

About United Bancshares Inc. OH (NASDAQ:UBOH)

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.

Further Reading: Gross Domestic Product (GDP)

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