United Bancshares, Inc. (NASDAQ:UBOH) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Saturday.

United Bancshares (NASDAQ UBOH) traded up 4.73% during trading on Friday, hitting $23.35. 3,599 shares of the company’s stock traded hands. United Bancshares has a 12-month low of $17.48 and a 12-month high of $23.78. The stock has a market cap of $76.28 million, a P/E ratio of 13.66 and a beta of 0.52. The firm’s 50-day moving average price is $21.55 and its 200 day moving average price is $21.63.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Wednesday, May 31st were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend was Friday, May 26th. United Bancshares’s payout ratio is 28.07%.

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United Bancshares Company Profile

United Bancshares, Inc is a bank holding company of The Union Bank Company (the Bank). The Bank is a state-chartered bank. Through the Bank, the Company provides a range of commercial and retail banking services. The Bank offers a range of commercial banking services, including checking accounts, savings and money market accounts; certificates of deposit; online banking and automatic teller machines; commercial, consumer, agricultural, residential mortgage and home equity loans; wealth management services; treasury management services; safe deposit box rentals, and other personalized banking services.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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