United Bancorp, Inc. (NASDAQ:UBCP) Short Interest Update

United Bancorp, Inc. (NASDAQ:UBCP) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 29,200 shares, an increase of 198.0% from the December 15th total of 9,800 shares. Based on an average daily trading volume, of 5,700 shares, the short-interest ratio is presently 5.1 days. Approximately 0.6% of the shares of the company are sold short.

Several hedge funds have recently modified their holdings of the company. Morgan Stanley grew its position in shares of United Bancorp by 49.5% during the 3rd quarter. Morgan Stanley now owns 8,933 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 2,958 shares during the period. Renaissance Technologies LLC grew its position in shares of United Bancorp by 29.7% during the 3rd quarter. Renaissance Technologies LLC now owns 20,500 shares of the financial services provider’s stock valued at $293,000 after acquiring an additional 4,700 shares during the period. Geode Capital Management LLC grew its position in shares of United Bancorp by 19.1% during the 3rd quarter. Geode Capital Management LLC now owns 50,199 shares of the financial services provider’s stock valued at $720,000 after acquiring an additional 8,038 shares during the period. Advisor Group Holdings Inc. grew its position in shares of United Bancorp by 1.7% during the 3rd quarter. Advisor Group Holdings Inc. now owns 90,550 shares of the financial services provider’s stock valued at $1,295,000 after acquiring an additional 1,554 shares during the period. Finally, Wesbanco Bank Inc. grew its position in shares of United Bancorp by 0.8% during the 3rd quarter. Wesbanco Bank Inc. now owns 206,135 shares of the financial services provider’s stock valued at $2,948,000 after acquiring an additional 1,636 shares during the period. 10.29% of the stock is owned by hedge funds and other institutional investors.

Shares of UBCP opened at $17.67 on Friday. The firm has a market cap of $105.62 million, a PE ratio of 10.58 and a beta of 0.43. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $15.99 and a two-hundred day simple moving average of $15.03. United Bancorp has a 1-year low of $12.73 and a 1-year high of $20.83.

United Bancorp (NASDAQ:UBCP) last announced its earnings results on Monday, November 15th. The financial services provider reported $0.50 earnings per share for the quarter. United Bancorp had a net margin of 31.13% and a return on equity of 14.04%. The business had revenue of $7.89 million during the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 20th. Stockholders of record on Friday, December 10th were given a dividend of $0.15 per share. This is an increase from United Bancorp’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, December 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.39%. United Bancorp’s payout ratio is presently 35.93%.

About United Bancorp

United Bancorp, Inc is bank holding company, which engages in the provision of commercial and retail banking in Belmont, Harrison, Jefferson, Tuscarawas, Carroll, Athens, Hocking, and Fairfield counties through its subsidiary, United Bank. It provides a range of banking and financial services, including accepting demand, savings and time deposits and granting commercial, real estate, and consumer loans.

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