Bethany Schunn Acquires 1,175 Shares of United Bancorp (NASDAQ:UBCP) Stock

United Bancorp, Inc. (NASDAQ:UBCPGet Free Report) Director Bethany Schunn bought 1,175 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was purchased at an average price of $14.93 per share, with a total value of $17,542.75. Following the transaction, the director directly owned 20,457 shares in the company, valued at $305,423.01. The trade was a 6.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

United Bancorp Stock Performance

NASDAQ:UBCP opened at $15.41 on Friday. The business has a 50 day moving average of $15.73 and a 200 day moving average of $14.68. The company has a market capitalization of $89.07 million, a price-to-earnings ratio of 11.41 and a beta of 0.36. United Bancorp, Inc. has a 1-year low of $12.47 and a 1-year high of $17.33. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.75 and a quick ratio of 0.75.

United Bancorp (NASDAQ:UBCPGet Free Report) last released its earnings results on Thursday, May 7th. The financial services provider reported $0.33 earnings per share for the quarter. The company had revenue of $7.94 million during the quarter. United Bancorp had a return on equity of 11.80% and a net margin of 16.29%.

United Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Wednesday, June 10th will be given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Wednesday, June 10th. This is a positive change from United Bancorp’s previous quarterly dividend of $0.19. United Bancorp’s dividend payout ratio is presently 57.04%.

Institutional Trading of United Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. bought a new stake in United Bancorp in the second quarter valued at approximately $43,000. Osaic Holdings Inc. lifted its position in United Bancorp by 82.4% in the second quarter. Osaic Holdings Inc. now owns 3,035 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 1,371 shares during the last quarter. Raymond James Financial Inc. bought a new stake in United Bancorp in the second quarter valued at approximately $64,000. Citadel Advisors LLC bought a new stake in United Bancorp in the third quarter valued at approximately $151,000. Finally, Appalachian Capital Management Ltd bought a new stake in United Bancorp in the fourth quarter valued at approximately $479,000. Institutional investors own 15.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded United Bancorp from a “hold (c)” rating to a “buy (b)” rating in a research report on Wednesday. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Read Our Latest Research Report on United Bancorp

About United Bancorp

(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.

Featured Articles

Receive News & Ratings for United Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.