United Overseas Bank (UOVEY) Lowered to “Hold” at Zacks Investment Research

United Overseas Bank (OTCMKTS:UOVEY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “UOB is a leading bank in Singapore that provides a wide range of financial services through its global network of over 500 offices in 18 countries and territories in Asia-Pacific, Western Europe and North America. It has banking subsidiaries in Singapore, Malaysia, Indonesia, Thailand and mainland China. UOB is committed to playing an active and meaningful role in the community with our focus on children, education and the arts. “

Shares of United Overseas Bank (OTCMKTS:UOVEY) traded up $0.01 on Tuesday, hitting $40.40. 36,106 shares of the stock traded hands, compared to its average volume of 76,787. The company has a market capitalization of $34,454.00, a price-to-earnings ratio of 4.38, a PEG ratio of 4.16 and a beta of 1.37. United Overseas Bank has a 52 week low of $28.89 and a 52 week high of $43.71. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.10 and a quick ratio of 1.10.

United Overseas Bank (OTCMKTS:UOVEY) last issued its quarterly earnings data on Friday, November 3rd. The company reported $3.04 earnings per share for the quarter. United Overseas Bank had a net margin of 27.23% and a return on equity of 9.51%. sell-side analysts expect that United Overseas Bank will post 2.99 EPS for the current year.

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United Overseas Bank Company Profile

United Overseas Bank Limited is a bank in Asia. The Company provides financial services across the globe through its segments, which include Group Retail (GR), Group Wholesale Banking (GWB), Global Markets (GM) and Others. GR segment covers personal and small enterprise customers. GWB encompasses corporate and institutional client segments, which include medium and large enterprises, local corporations, multi-national corporations, financial institutions, government-linked entities, financial sponsors and property funds.

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