United Bancorp (NASDAQ:UBCP) Director Acquires $52,658.11 in Stock

United Bancorp, Inc. (NASDAQ:UBCP) Director Gary Glessner bought 3,527 shares of United Bancorp stock in a transaction that occurred on Wednesday, May 27th. The stock was bought at an average cost of $14.93 per share, for a total transaction of $52,658.11. Following the purchase, the director owned 108,002 shares in the company, valued at $1,612,469.86. This represents a 3.38% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

United Bancorp Trading Down 3.6%

Shares of UBCP opened at $15.41 on Friday. The stock has a fifty day moving average of $15.73 and a two-hundred day moving average of $14.68. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $89.07 million, a PE ratio of 11.41 and a beta of 0.36. United Bancorp, Inc. has a fifty-two week low of $12.47 and a fifty-two week high of $17.33.

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

United Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Wednesday, June 10th will be issued a $0.195 dividend. This is a boost from United Bancorp’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, June 10th. This represents a $0.78 annualized dividend and a yield of 5.1%. United Bancorp’s payout ratio is presently 57.04%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vawter Financial Ltd. increased its holdings in shares of United Bancorp by 1.9% during the 1st quarter. Vawter Financial Ltd. now owns 36,329 shares of the financial services provider’s stock worth $553,000 after buying an additional 671 shares during the last quarter. Commonwealth Financial Services LLC increased its holdings in shares of United Bancorp by 1.1% during the 1st quarter. Commonwealth Financial Services LLC now owns 87,355 shares of the financial services provider’s stock worth $1,329,000 after buying an additional 963 shares during the last quarter. Geode Capital Management LLC increased its holdings 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 buying an additional 1,073 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of United Bancorp by 82.4% during the 2nd quarter. Osaic Holdings Inc. now owns 3,035 shares of the financial services provider’s stock worth $44,000 after buying an additional 1,371 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of United Bancorp during the 2nd quarter worth $43,000. 15.42% of the stock is currently 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.