United Bancshares (NASDAQ:UBOH) Share Price Passes Above Fifty Day Moving Average - What's Next?

Key Points

• United Bancshares (NASDAQ:UBOH) stock surpassed its 50-day moving average of $30.02, reaching a peak of $34.95 before last trading at $34.75.
• The company announced a quarterly dividend of $0.23 per share, with a yield of 2.6%, payable on September 15th to investors of record on August 29th.
• United Bancshares has a market capitalization of $103 million and a P/E ratio of 11.32, indicating strong market fundamentals.

Shares of United Bancshares, Inc. (NASDAQ:UBOH - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $30.02 and traded as high as $34.95. United Bancshares shares last traded at $34.75, with a volume of 1,692 shares trading hands.

United Bancshares Stock Down 0.3%

The firm has a 50 day simple moving average of $30.57 and a 200-day simple moving average of $28.21. The company has a market cap of $103.41 million, a PE ratio of 11.36 and a beta of 0.07.

United Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.6%. United Bancshares's payout ratio is presently 23.96%.

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.