United Bancshares (NASDAQ:UBOH) Posts Earnings Results

United Bancshares (NASDAQ:UBOH) issued its quarterly earnings results on Thursday. The bank reported $0.61 earnings per share for the quarter, reports. United Bancshares had a return on equity of 11.85% and a net margin of 15.33%. The business had revenue of $9.43 million during the quarter.

United Bancshares Trading Up 1.0 %

Shares of NASDAQ UBOH opened at $18.48 on Friday. United Bancshares has a twelve month low of $17.00 and a twelve month high of $20.05. The company has a market capitalization of $55.66 million, a price-to-earnings ratio of 6.60 and a beta of 0.32. The business has a 50 day simple moving average of $18.90 and a 200-day simple moving average of $18.34.

Institutional Investors Weigh In On United Bancshares

A hedge fund recently raised its stake in United Bancshares stock. Vanguard Group Inc. increased its stake in shares of United Bancshares, Inc. (NASDAQ:UBOH) by 7.7% in the first quarter, according to the company in its most recent 13F 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 quarter. Vanguard Group Inc. owned about 1.91% of United Bancshares worth $2,009,000 at the end of the most recent quarter. 1.03% of the stock is currently owned by institutional investors and hedge funds.

About United Bancshares

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.