United Bancorp (NASDAQ:UBCP) Director Bethany Schunn Purchases 1,175 Shares of Stock

United Bancorp, Inc. (NASDAQ:UBCP) Director Bethany Schunn purchased 1,175 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were bought at an average price of $14.93 per share, for a total transaction of $17,542.75. Following the purchase, the director directly owned 20,457 shares in the company, valued at $305,423.01. This represents a 6.09% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

United Bancorp Trading Up 3.1%

Shares of United Bancorp stock opened at $15.98 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17. United Bancorp, Inc. has a 12-month low of $12.47 and a 12-month high of $17.33. The firm has a market capitalization of $92.36 million, a price-to-earnings ratio of 11.84 and a beta of 0.36. The firm’s 50 day simple moving average is $15.72 and its two-hundred day simple moving average is $14.68.

United Bancorp (NASDAQ:UBCP) last issued its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.33 earnings per share (EPS) 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 for the quarter.

United Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 4.9%. The ex-dividend date is Wednesday, June 10th. This is a boost from United Bancorp’s previous quarterly dividend of $0.19. United Bancorp’s dividend payout ratio (DPR) is presently 57.04%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised 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 purchasing an additional 7,605 shares during the last quarter. Commonwealth Financial Services LLC raised its holdings in shares of United Bancorp by 1.1% during the first quarter. Commonwealth Financial Services LLC now owns 87,355 shares of the financial services provider’s stock worth $1,329,000 after purchasing an additional 963 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of United Bancorp by 2.0% during the fourth 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. Vawter Financial Ltd. purchased a new position in shares of United Bancorp during the third quarter worth $523,000. Finally, Founders Financial Alliance LLC raised its holdings in shares of United Bancorp by 11.3% during the third quarter. Founders Financial Alliance LLC now owns 37,276 shares of the financial services provider’s stock worth $521,000 after purchasing an additional 3,784 shares during the last quarter. Hedge funds and other institutional investors own 15.42% of the company’s stock.

Analysts Set New Price Targets

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

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.