NasdaqGM:UBOH

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Market Cap

US$114.6m

Last Updated

2021/08/05 22:04 UTC

Data Sources

Company Financials

Executive Summary

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


Snowflake Analysis

Flawless balance sheet and good value.


Similar Companies

Share Price & News

How has United Bancshares's share price performed over time and what events caused price changes?


Latest Share Price and Events

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.


Market Performance


7 Day Return

1.0%

UBOH

0.5%

US Banks

0.4%

US Market


1 Year Return

96.2%

UBOH

60.2%

US Banks

33.4%

US Market

Return vs Industry: UBOH exceeded the US Banks industry which returned 57.2% over the past year.

Return vs Market: UBOH exceeded the US Market which returned 33.2% over the past year.


Shareholder returns

UBOHIndustryMarket
7 Day1.0%0.5%0.4%
30 Day-1.8%0.5%1.0%
90 Day9.8%-6.5%4.0%
1 Year101.4%96.2%64.6%60.2%35.5%33.4%
3 Year61.1%50.0%19.2%9.0%63.2%53.0%
5 Year100.7%78.8%94.6%70.2%122.7%98.1%

Long-Term Price Volatility Vs. Market

How volatile is United Bancshares's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

42.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: UBOH ($34.95) is trading below our estimate of fair value ($60.86)

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 (8.3x) compared to the US Banks industry average (10.7x).

PE vs Market: UBOH is good value based on its PE Ratio (8.3x) compared to the US market (17.8x).


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's PB Ratio (1x) is in line with the US Banks industry average.


Future Growth

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

-1.2%

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?

27.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UBOH has high quality earnings.

Growing Profit Margin: UBOH's current net profit margins (25.1%) are lower than last year (28.3%).


Past Earnings Growth Analysis

Earnings Trend: UBOH's earnings have grown significantly by 27.1% per year over the past 5 years.

Accelerating Growth: UBOH's earnings growth over the past year (3.4%) is below its 5-year average (27.1% per year).

Earnings vs Industry: UBOH earnings growth over the past year (3.4%) underperformed the Banks industry 35.5%.


Return on Equity

High ROE: UBOH's Return on Equity (12.3%) 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 (457%).

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 (61%).

Low Risk Deposits: UBOH's Loans to Deposits ratio (70%) is appropriate.

Level of Bad Loans: UBOH has an appropriate level of bad loans (0.4%).


Dividend

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

1.46%

Current Dividend Yield


Upcoming Dividend Payment

TodayAug 06 2021Ex Dividend DateAug 30 2021Dividend Pay DateSep 15 202116 days from Ex DividendBuy in the next 24 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: UBOH's dividend (1.46%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: UBOH's dividend (1.46%) is low compared to the top 25% of dividend payers in the US market (3.57%).


Stability and Growth of Payments

Stable Dividend: UBOH's dividend payments have been volatile in the past 10 years.

Growing Dividend: UBOH's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15%), UBOH's dividend payments are thoroughly 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

Management

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

16.3yrs

Average board tenure


CEO

Brian Young (54 yo)

9yrs

Tenure

US$567,474

Compensation

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 ($USD567.47K) is about average for companies of similar size in the US market ($USD555.00K).

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 ( 16.3 years average tenure).


Ownership

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 company bio, employee growth, exchange listings and data sources


Key Information

  • Name: United Bancshares, Inc.
  • Ticker: UBOH
  • Exchange: NasdaqGM
  • Founded: 1904
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$114.604m
  • Shares outstanding: 3.28m
  • Website: https://www.theubank.com

Number of Employees


Location

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

Listings


Biography

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 a...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/05 22:04
End of Day Share Price2021/08/03 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.