United Bancorp (NASDAQ:UBCP) Stock Price Passes Above 200-Day Moving Average – What’s Next?

United Bancorp, Inc. (NASDAQ:UBCPGet Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.22 and traded as high as $16.63. United Bancorp shares last traded at $15.51, with a volume of 6,522 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings raised United Bancorp from a “hold (c)” rating to a “buy (b)” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Read Our Latest Report on UBCP

United Bancorp Stock Down 6.7%

The company has a market cap of $89.65 million, a PE ratio of 11.49 and a beta of 0.33. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.17. The firm’s fifty day simple moving average is $15.71 and its 200-day simple moving average is $15.22.

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

United Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Wednesday, June 10th were paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Wednesday, June 10th. This is an increase from United Bancorp’s previous quarterly dividend of $0.19. United Bancorp’s dividend payout ratio is currently 57.78%.

Insiders Place Their Bets

In related news, Director Gary W. Glessner purchased 3,527 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was bought at an average cost of $14.93 per share, with a total value of $52,658.11. Following the completion of the acquisition, the director directly owned 108,002 shares in the company, valued at $1,612,469.86. The trade was a 3.38% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott A. Everson acquired 2,213 shares of United Bancorp stock in a transaction dated Wednesday, May 27th. The stock was bought at an average price of $14.93 per share, for a total transaction of $33,040.09. Following the completion of the transaction, the chief executive officer directly owned 143,162 shares of the company’s stock, valued at approximately $2,137,408.66. This represents a 1.57% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have acquired 7,295 shares of company stock worth $108,914. 13.86% of the stock is owned by insiders.

Institutional Trading of United Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Appalachian Capital Management Ltd acquired a new position in United Bancorp in the 4th quarter valued at about $479,000. Geode Capital Management LLC boosted its stake in shares of United Bancorp by 2.0% during the 4th 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 during the last quarter. Citadel Advisors LLC acquired a new stake in shares of United Bancorp during the 3rd quarter worth about $151,000. Vanguard Group Inc. grew its holdings 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 buying an additional 7,605 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of United Bancorp during the second quarter worth about $64,000. Hedge funds and other institutional investors own 15.42% of the company’s stock.

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.

Further Reading

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