Short Interest in United Bancshares, Inc. (NASDAQ:UBOH) Decreases By 63.2%

United Bancshares, Inc. (NASDAQ:UBOHGet Rating) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totalling 2,100 shares, a decrease of 63.2% from the March 31st total of 5,700 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 3,400 shares, the days-to-cover ratio is presently 0.6 days.

UBOH stock opened at $33.95 on Friday. The business’s fifty day moving average is $33.64 and its 200-day moving average is $31.50. The company has a quick ratio of 0.72, a current ratio of 0.73 and a debt-to-equity ratio of 0.17. The company has a market cap of $111.32 million, a P/E ratio of 8.32 and a beta of 0.69. United Bancshares has a twelve month low of $26.00 and a twelve month high of $37.71.

United Bancshares (NASDAQ:UBOHGet Rating) last posted its quarterly earnings results on Friday, March 4th. The bank reported $0.79 earnings per share for the quarter. The company had revenue of $11.86 million for the quarter. United Bancshares had a return on equity of 11.73% and a net margin of 24.19%.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date is Friday, May 27th. United Bancshares’s dividend payout ratio (DPR) is currently 20.59%.

An institutional investor recently raised its position in United Bancshares stock. Geode Capital Management LLC lifted its position in United Bancshares, Inc. (NASDAQ:UBOHGet Rating) by 7.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,511 shares of the bank’s stock after buying an additional 1,015 shares during the period. Geode Capital Management LLC owned about 0.47% of United Bancshares worth $473,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 32.71% of the company’s stock.

United Bancshares Company Profile (Get Rating)

United Bancshares, Inc operates as the bank holding company for The Union Bank Company that provides various commercial and consumer banking 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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