Key Points
- Insider buying: United Bancorp Director Gary Glessner bought 3,527 shares at $14.93 each, a $52,658 purchase that lifted his holdings to 108,002 shares.
- Dividend increase: The company raised its quarterly dividend to $0.195 per share from $0.19, equal to an annualized yield of about 4.9%.
- Stock and outlook: UBCP was up 3.1% and recently received a rating upgrade from Weiss Ratings to buy, while analysts currently show a consensus buy rating.
United Bancorp, Inc. (NASDAQ:UBCP - Get Free Report) Director Bethany Schunn bought 1,175 shares of United Bancorp stock in a transaction that occurred on Thursday, May 28th. The shares were acquired at an average cost of $14.93 per share, with a total value of $17,542.75. Following the acquisition, the director owned 20,457 shares of the company's stock, valued at $305,423.01. The trade was a 6.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
United Bancorp Trading Up 3.1%
Shares of United Bancorp stock opened at $15.98 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a fifty day moving average price of $15.72 and a 200 day moving average price of $14.68. United Bancorp, Inc. has a 1 year low of $12.47 and a 1 year high of $17.33. The stock has a market cap of $92.36 million, a PE ratio of 11.84 and a beta of 0.36.
United Bancorp (NASDAQ:UBCP - Get Free Report) last issued its earnings results on Thursday, May 7th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter. United Bancorp had a net margin of 16.29% and a return on equity of 11.80%. The firm had revenue of $7.94 million during the quarter.
United Bancorp Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Wednesday, June 10th will be given a dividend of $0.195 per share. This is a boost from United Bancorp's previous quarterly dividend of $0.19. This represents a $0.78 annualized dividend and a yield of 4.9%. The ex-dividend date is Wednesday, June 10th. United Bancorp's dividend payout ratio (DPR) is 57.04%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded shares of United Bancorp from a "hold (c)" rating to a "buy (b)" rating in a research report on Wednesday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy".
Read Our Latest Report on UBCP
Institutional Trading of United Bancorp
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of United Bancorp by 8.7% during the third quarter. Vanguard Group Inc. now owns 95,346 shares of the financial services provider's stock worth $1,332,000 after purchasing an additional 7,605 shares in the last quarter. Commonwealth Financial Services LLC increased its stake in shares of United Bancorp by 1.1% during the first quarter. Commonwealth Financial Services LLC now owns 87,355 shares of the financial services provider's stock worth $1,329,000 after purchasing an additional 963 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of United Bancorp by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 54,289 shares of the financial services provider's stock worth $779,000 after purchasing an additional 1,073 shares in the last quarter. Vawter Financial Ltd. purchased a new stake in shares of United Bancorp during the third quarter worth about $523,000. Finally, Founders Financial Alliance LLC increased its stake in shares of United Bancorp by 11.3% during the third quarter. Founders Financial Alliance LLC now owns 37,276 shares of the financial services provider's stock worth $521,000 after purchasing an additional 3,784 shares in the last quarter. Hedge funds and other institutional investors own 15.42% of the company's stock.
United Bancorp Company Profile
(
Get Free Report)
United Bancorp, Inc operates as the bank holding company for Unified Bank that provides commercial and retail banking services in Ohio. The company provides range of banking and financial services, which includes accepting demand, savings, and time deposits. It also offers commercial, real estate and consumer loans. United Bancorp, Inc was founded in 1902 and is headquartered in Martins Ferry, Ohio.
Further Reading
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