United Bancorp, Inc. (NASDAQ:UBCP) Increases Dividend to $0.18 Per Share

United Bancorp, Inc. (NASDAQ:UBCP) declared a quarterly dividend on Thursday, April 18th, Zacks reports. Stockholders of record on Monday, June 10th will be given a dividend of 0.175 per share by the financial services provider on Thursday, June 20th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date is Monday, June 10th. This is a positive change from United Bancorp’s previous quarterly dividend of $0.17.

United Bancorp has raised its dividend payment by an average of 5.3% annually over the last three years and has raised its dividend every year for the last 1 years. United Bancorp has a payout ratio of 38.4% indicating that its dividend is sufficiently covered by earnings.

United Bancorp Stock Performance

United Bancorp stock opened at $13.14 on Friday. The company has a market cap of $74.90 million, a price-to-earnings ratio of 8.37 and a beta of 0.36. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.81 and a quick ratio of 0.81. United Bancorp has a 12 month low of $9.70 and a 12 month high of $15.50. The stock’s 50-day moving average is $12.80 and its 200-day moving average is $11.91.

United Bancorp (NASDAQ:UBCP) last announced its earnings results on Tuesday, February 6th. The financial services provider reported $0.42 EPS for the quarter. The business had revenue of $7.53 million for the quarter. United Bancorp had a return on equity of 15.32% and a net margin of 21.88%.

Institutional Investors Weigh In On United Bancorp

Hedge funds have recently modified their holdings of the stock. State Street Corp purchased a new stake in United Bancorp during the 2nd quarter worth approximately $167,000. Northern Trust Corp acquired a new position in shares of United Bancorp in the 2nd quarter worth approximately $130,000. HBK Sorce Advisory LLC acquired a new position in shares of United Bancorp in the 1st quarter worth approximately $261,000. Founders Financial Alliance LLC grew its position in shares of United Bancorp by 4.3% in the 4th quarter. Founders Financial Alliance LLC now owns 18,486 shares of the financial services provider’s stock worth $272,000 after acquiring an additional 762 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of United Bancorp by 108.0% in the 2nd quarter. BlackRock Inc. now owns 23,464 shares of the financial services provider’s stock worth $281,000 after acquiring an additional 12,184 shares in the last quarter. 15.42% of the stock is currently owned by hedge funds and other institutional investors.

United Bancorp Company Profile

United Bancorp, Inc operates as the bank holding company for Unified Bank that provides commercial and retail banking services in Ohio. It provides range of banking and financial services, which includes accepting demand, savings, and time deposits; and offers commercial, real estate and consumer loans.