United Bancshares (NASDAQ:UBOH) Stock Passes Below 200-Day Moving Average of $23.86

United Bancshares, Inc. (NASDAQ:UBOHGet Rating) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $23.86 and traded as low as $18.30. United Bancshares shares last traded at $18.39, with a volume of 25,086 shares.

United Bancshares Stock Down 0.1 %

The firm has a market cap of $60.39 million, a price-to-earnings ratio of 5.86 and a beta of 0.44. The firm has a 50 day moving average price of $19.76 and a 200-day moving average price of $23.86. The company has a current ratio of 0.71, a quick ratio of 0.70 and a debt-to-equity ratio of 0.26.

United Bancshares (NASDAQ:UBOHGet Rating) last announced its earnings results on Friday, October 21st. The bank reported $0.94 earnings per share (EPS) for the quarter. United Bancshares had a return on equity of 0.06% and a net margin of 21.50%. The company had revenue of $12.15 million for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in United Bancshares by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 80,806 shares of the bank’s stock worth $2,599,000 after acquiring an additional 402 shares in the last quarter. BHZ Capital Management LP boosted its stake in shares of United Bancshares by 7.0% during the first quarter. BHZ Capital Management LP now owns 18,499 shares of the bank’s stock valued at $592,000 after purchasing an additional 1,203 shares in the last quarter. CoreCap Advisors LLC bought a new position in shares of United Bancshares during the second quarter worth about $82,000. Vanguard Group Inc. increased its holdings in United Bancshares by 7.7% in the first quarter. Vanguard Group Inc. now owns 62,742 shares of the bank’s stock worth $2,009,000 after purchasing an additional 4,463 shares in the last quarter. Finally, Venture Visionary Partners LLC bought a new stake in shares of United Bancshares during the second quarter valued at approximately $158,000. Institutional investors and hedge funds own 21.10% 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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