United Bancshares (NASDAQ:UBOH) Stock Price Passes Above 50 Day Moving Average – Here’s Why

United Bancshares, Inc. (NASDAQ:UBOH)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $23.19 and traded as high as $31.00. United Bancshares shares last traded at $31.00, with a volume of 17,650 shares changing hands.

United Bancshares Stock Down 3.2 %

The firm’s 50 day simple moving average is $23.39 and its 200 day simple moving average is $20.90. The company has a market cap of $88.74 million, a price-to-earnings ratio of 10.64 and a beta of 0.36.

United Bancshares (NASDAQ:UBOH) last posted its earnings results on Thursday, October 17th. The bank reported $0.83 EPS for the quarter. The business had revenue of $10.46 million during the quarter.

United Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend was Friday, November 29th. United Bancshares’s dividend payout ratio is currently 31.21%.

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.