Short Interest in United Bancshares, Inc. (NASDAQ:UBOH) Declines By 38.1%

United Bancshares, Inc. (NASDAQ:UBOHGet Rating) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 1,300 shares, a decline of 38.1% from the April 15th total of 2,100 shares. Based on an average daily volume of 3,300 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

NASDAQ:UBOH opened at $30.32 on Friday. United Bancshares has a 52 week low of $26.00 and a 52 week high of $37.71. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $99.42 million, a P/E ratio of 8.47 and a beta of 0.61. The stock’s fifty day moving average is $33.48 and its two-hundred day moving average is $31.68.

United Bancshares (NASDAQ:UBOHGet Rating) last posted its earnings results on Friday, March 4th. The bank reported $0.79 EPS for the quarter. United Bancshares had a return on equity of 10.65% and a net margin of 22.71%. The company had revenue of $11.86 million for the quarter.

The company also recently disclosed 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. The ex-dividend date is Friday, May 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.77%. United Bancshares’s payout ratio is presently 23.46%.

Several hedge funds and other institutional investors have recently modified their holdings of UBOH. Geode Capital Management LLC grew its stake in shares of United Bancshares by 7.0% in the third quarter. Geode Capital Management LLC now owns 15,511 shares of the bank’s stock valued at $473,000 after buying an additional 1,015 shares in the last quarter. BHZ Capital Management LP grew its stake in shares of United Bancshares by 41.1% in the fourth quarter. BHZ Capital Management LP now owns 17,296 shares of the bank’s stock valued at $528,000 after buying an additional 5,038 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of United Bancshares by 7.7% in the first quarter. Vanguard Group Inc. now owns 62,742 shares of the bank’s stock valued at $2,009,000 after buying an additional 4,463 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of United Bancshares by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 80,806 shares of the bank’s stock valued at $2,599,000 after buying an additional 402 shares in the last quarter. 33.22% of the stock is owned by institutional investors and hedge funds.

About United Bancshares (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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