United Bancorp (NASDAQ:UBCP) Posts Quarterly Earnings Results

United Bancorp (NASDAQ:UBCP) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.35 earnings per share for the quarter, Zacks reports. United Bancorp had a net margin of 16.39% and a return on equity of 12.09%.

United Bancorp Stock Up 0.8%

United Bancorp stock opened at $14.11 on Wednesday. The firm has a market capitalization of $81.39 million, a P/E ratio of 10.85 and a beta of 0.39. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.49. United Bancorp has a twelve month low of $12.25 and a twelve month high of $15.64. The stock’s fifty day simple moving average is $13.96 and its 200-day simple moving average is $13.81.

United Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Wednesday, December 10th were given a dividend of $0.19 per share. This is an increase from United Bancorp’s previous quarterly dividend of $0.19. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Wednesday, December 10th. United Bancorp’s dividend payout ratio is currently 58.46%.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of United Bancorp in a research report on Wednesday, January 21st. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On United Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in UBCP. Citadel Advisors LLC purchased a new stake in shares of United Bancorp during the third quarter worth approximately $151,000. Vanguard Group Inc. grew its holdings in United Bancorp by 8.7% during the 3rd quarter. Vanguard Group Inc. now owns 95,346 shares of the financial services provider’s stock worth $1,332,000 after acquiring an additional 7,605 shares in the last quarter. Raymond James Financial Inc. acquired a new position in United Bancorp during the 2nd quarter worth approximately $64,000. Russell Investments Group Ltd. purchased a new stake in shares of United Bancorp in the 2nd quarter valued at approximately $43,000. Finally, Osaic Holdings Inc. raised its holdings in shares of United Bancorp by 82.4% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors 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.