United Bancorp, Inc. (NASDAQ:UBCP – Get Free Report) declared a quarterly dividend on Thursday, August 20th. Investors of record on Thursday, September 10th will be paid a dividend of 0.1975 per share by the financial services provider on Friday, September 18th. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Thursday, September 10th. This is a 1.3% increase from United Bancorp’s previous quarterly dividend of $0.20.
United Bancorp has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 13 years. United Bancorp has a dividend payout ratio of 50.3% meaning its dividend is sufficiently covered by earnings.
United Bancorp Price Performance
UBCP stock opened at $16.20 on Friday. The stock’s 50 day moving average price is $15.71 and its 200 day moving average price is $15.52. The firm has a market cap of $92.99 million, a P/E ratio of 11.74 and a beta of 0.34. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.76 and a current ratio of 0.76. United Bancorp has a 1 year low of $12.47 and a 1 year high of $17.33.
Insider Buying and Selling at United Bancorp
In other United Bancorp news, CEO Scott A. Everson bought 2,213 shares of United Bancorp stock in a transaction that occurred on Wednesday, May 27th. The shares were purchased at an average cost of $14.93 per share, for a total transaction of $33,040.09. Following the completion of the transaction, the chief executive officer owned 143,162 shares of the company’s stock, valued at $2,137,408.66. This represents a 1.57% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary W. Glessner purchased 3,527 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was acquired at an average cost of $14.93 per share, for a total transaction of $52,658.11. Following the completion of the purchase, the director owned 108,002 shares in the company, valued at $1,612,469.86. The trade was a 3.38% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 7,295 shares of company stock worth $108,914 in the last 90 days. Insiders own 13.86% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Appalachian Capital Management Ltd acquired a new position in United Bancorp during the fourth quarter worth approximately $479,000. BlackRock Inc. acquired a new position in shares of United Bancorp in the 2nd quarter valued at $464,000. Raffles Associates LP purchased a new stake in shares of United Bancorp during the 2nd quarter valued at $281,000. Post Resch Tallon Group Inc. grew its stake in shares of United Bancorp by 29.0% during the 2nd quarter. Post Resch Tallon Group Inc. now owns 55,675 shares of the financial services provider’s stock valued at $884,000 after buying an additional 12,500 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in shares of United Bancorp during the 3rd quarter worth $151,000. Institutional investors and hedge funds own 15.42% of the company’s stock.
About United Bancorp
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.
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