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United BancsharesNasdaqGM:UBOH Stock Report

Last Price


Market Cap







24 Jan, 2022


Company Financials
UBOH fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance3/6
Financial Health6/6

UBOH Stock Overview

United Bancshares, Inc. operates as the bank holding company for The Union Bank Company that provides various commercial and consumer banking services.

United Bancshares Competitors

Reliant Bancorp



MVB Financial



Farmers & Merchants Bancorp






Price History & Performance

Summary of all time highs, changes and price drops for United Bancshares
Historical stock prices
Current Share PriceUS$31.23
52 Week HighUS$37.71
52 Week LowUS$22.70
1 Month Change7.69%
3 Month Change3.41%
1 Year Change34.53%
3 Year Change42.92%
5 Year Change36.08%
Change since IPO187.47%

Recent News & Updates

Oct 25
United Bancshares' (NASDAQ:UBOH) Dividend Will Be Increased To US$0.20

United Bancshares' (NASDAQ:UBOH) Dividend Will Be Increased To US$0.20

United Bancshares, Inc.'s ( NASDAQ:UBOH ) dividend will be increasing to US$0.20 on 15th of December. The announced...

Jul 30
United Bancshares' (NASDAQ:UBOH) Shareholders Will Receive A Bigger Dividend Than Last Year

United Bancshares' (NASDAQ:UBOH) Shareholders Will Receive A Bigger Dividend Than Last Year

United Bancshares, Inc. ( NASDAQ:UBOH ) will increase its dividend on the 15th of September to US$0.20. This takes the...

Shareholder Returns

UBOHUS BanksUS Market

Return vs Industry: UBOH exceeded the US Banks industry which returned 24.9% over the past year.

Return vs Market: UBOH exceeded the US Market which returned 4.2% over the past year.

Price Volatility

Is UBOH's price volatile compared to industry and market?
UBOH volatility
UBOH Average Weekly Movement6.2%
Banks Industry Average Movement3.9%
Market Average Movement6.7%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.4%

Stable Share Price: UBOH is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: UBOH's weekly volatility (6%) has been stable over the past year.

About the Company

1904222Brian Young

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. Its loan products include commercial and residential real estate, agricultural, commercial and industrial, home equity, and various types of consumer and small business administration loans.

United Bancshares Fundamentals Summary

How do United Bancshares's earnings and revenue compare to its market cap?
UBOH fundamental statistics
Market CapUS$101.61m
Earnings (TTM)US$13.58m
Revenue (TTM)US$52.78m


P/E Ratio


P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
UBOH income statement (TTM)
Cost of RevenueUS$0
Gross ProfitUS$52.78m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date


Earnings per share (EPS)4.15
Gross Margin100.00%
Net Profit Margin25.73%
Debt/Equity Ratio17.2%

How did UBOH perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio


Is United Bancshares undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: UBOH ($31.23) is trading below our estimate of fair value ($84.62)

Significantly Below Fair Value: UBOH is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: UBOH is good value based on its PE Ratio (7.5x) compared to the US Banks industry average (10.8x).

PE vs Market: UBOH is good value based on its PE Ratio (7.5x) compared to the US market (16.4x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate UBOH's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: UBOH is good value based on its PB Ratio (0.9x) compared to the US Banks industry average (1.2x).

Future Growth

How is United Bancshares forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?


Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as United Bancshares has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has United Bancshares performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: UBOH has high quality earnings.

Growing Profit Margin: UBOH's current net profit margins (25.7%) are higher than last year (25.5%).

Past Earnings Growth Analysis

Earnings Trend: UBOH's earnings have grown significantly by 25.8% per year over the past 5 years.

Accelerating Growth: UBOH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: UBOH had negative earnings growth (-1.3%) over the past year, making it difficult to compare to the Banks industry average (43.4%).

Return on Equity

High ROE: UBOH's Return on Equity (11.7%) is considered low.

Financial Health

How is United Bancshares's financial position? (This company is analysed differently as a bank or financial institution)

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: UBOH's Assets to Equity ratio (9.2x) is low.

Allowance for Bad Loans: UBOH has a sufficient allowance for bad loans (605%).

Low Risk Liabilities: 97% of UBOH's liabilities are made up of primarily low risk sources of funding.

Loan Level: UBOH has an appropriate level of Loans to Assets ratio (54%).

Low Risk Deposits: UBOH's Loans to Deposits ratio (62%) is appropriate.

Level of Bad Loans: UBOH has an appropriate level of bad loans (0.3%).


What is United Bancshares's current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: UBOH's dividend (2.34%) is higher than the bottom 25% of dividend payers in the US market (1.37%).

High Dividend: UBOH's dividend (2.34%) is low compared to the top 25% of dividend payers in the US market (3.6%).

Stability and Growth of Payments

Stable Dividend: UBOH has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: UBOH's dividend payments have increased, but the company has only paid a dividend for 9 years.

Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16.6%), UBOH's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average board tenure


Brian Young (54 yo)





Mr. Brian D. Young, CPA has been the Chief Executive Officer and President of United Bancshares, Inc. and Chairman and Chief Executive Officer of The Union Bank Company since August 1, 2012. He serves as I...

CEO Compensation Analysis

Compensation vs Market: Brian's total compensation ($USD567.47K) is about average for companies of similar size in the US market ($USD584.00K).

Compensation vs Earnings: Brian's compensation has been consistent with company performance over the past year.

Board Members

Experienced Board: UBOH's board of directors are seasoned and experienced ( 17 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

United Bancshares, Inc.'s employee growth, exchange listings and data sources

Key Information

  • Name: United Bancshares, Inc.
  • Ticker: UBOH
  • Exchange: NasdaqGM
  • Founded: 1904
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$101.614m
  • Shares outstanding: 3.27m
  • Website:

Number of Employees


  • United Bancshares, Inc.
  • 105 Progressive Drive
  • Columbus Grove
  • Ohio
  • 45830-1241
  • United States


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/24 23:28
End of Day Share Price2022/01/24 00:00
Annual Earnings2021/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.