Insider Buying: United Bancorp (NASDAQ:UBCP) CEO Purchases 2,213 Shares of Stock

United Bancorp, Inc. (NASDAQ:UBCP) CEO Scott Everson bought 2,213 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was bought 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 directly owned 143,162 shares of the company’s stock, valued at $2,137,408.66. This trade represents a 1.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

United Bancorp Stock Performance

NASDAQ UBCP traded up $0.34 during trading hours on Thursday, hitting $15.84. The company had a trading volume of 9,674 shares, compared to its average volume of 9,908. United Bancorp, Inc. has a fifty-two week low of $12.47 and a fifty-two week high of $17.33. 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 business has a fifty day simple moving average of $15.70 and a 200-day simple moving average of $14.65. The firm has a market cap of $91.57 million, a P/E ratio of 11.73 and a beta of 0.36.

United Bancorp (NASDAQ:UBCP) last posted its earnings results on Thursday, May 7th. The financial services provider reported $0.33 EPS for the quarter. United Bancorp had a return on equity of 11.80% and a net margin of 16.29%.The firm had revenue of $7.94 million for the quarter.

United Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Wednesday, June 10th will be paid a dividend of $0.195 per share. This is an increase from United Bancorp’s previous quarterly dividend of $0.19. This represents a $0.78 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Wednesday, June 10th. United Bancorp’s dividend payout ratio (DPR) is presently 57.78%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of United Bancorp in a research note on Monday, April 20th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, United Bancorp has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of UBCP. Russell Investments Group Ltd. acquired a new position in United Bancorp during the second quarter worth about $43,000. Raymond James Financial Inc. acquired a new position in shares of United Bancorp in the 2nd quarter worth $64,000. Osaic Holdings Inc. grew 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 worth $44,000 after acquiring an additional 1,371 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of United Bancorp by 8.7% in 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 during the last quarter. Finally, Founders Financial Alliance LLC grew its holdings in shares of United Bancorp by 11.3% in the 3rd quarter. Founders Financial Alliance LLC now owns 37,276 shares of the financial services provider’s stock worth $521,000 after acquiring an additional 3,784 shares during the last quarter. 15.42% of the stock is owned by institutional investors and hedge funds.

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. 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.