United Bancshares (NASDAQ:UBOH) Posts Earnings Results

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

United Bancshares Stock Performance

UBOH stock opened at $18.48 on Friday. The company’s 50 day moving average price is $18.90 and its 200 day moving average price is $18.34. The firm has a market capitalization of $55.66 million, a price-to-earnings ratio of 6.60 and a beta of 0.32. United Bancshares has a fifty-two week low of $17.00 and a fifty-two week high of $20.05.

Hedge Funds Weigh In On United Bancshares

An institutional investor recently raised its position in United Bancshares stock. Vanguard Group Inc. boosted its holdings in United Bancshares, Inc. (NASDAQ:UBOH) by 7.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,742 shares of the bank’s stock after purchasing an additional 4,463 shares during the quarter. Vanguard Group Inc. owned about 1.91% of United Bancshares worth $2,009,000 as of its most recent SEC filing. 1.03% of the stock is owned by institutional investors and hedge funds.

United Bancshares Company Profile

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.