Kennedy Capital Management Inc. Buys New Position in United Bancshares, Inc. (UBOH)
Kennedy Capital Management Inc. bought a new stake in shares of United Bancshares, Inc. (NASDAQ:UBOH) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 10,555 shares of the bank’s stock, valued at approximately $246,000. Kennedy Capital Management Inc. owned about 0.32% of United Bancshares at the end of the most recent reporting period.
Separately, ValuEngine upgraded shares of United Bancshares from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st.
Shares of United Bancshares, Inc. (NASDAQ:UBOH) opened at 22.50 on Friday. The firm’s 50-day moving average is $21.77 and its 200 day moving average is $21.51. United Bancshares, Inc. has a 1-year low of $18.41 and a 1-year high of $23.78. The company has a market cap of $73.51 million, a price-to-earnings ratio of 13.50 and a beta of 0.54.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were given a $0.12 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $0.48 annualized dividend and a yield of 2.13%. United Bancshares’s dividend payout ratio (DPR) is currently 28.74%.
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.
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