United Bancorp (NASDAQ:UBCP) Issues Quarterly Earnings Results

United Bancorp (NASDAQ:UBCP) issued its quarterly earnings results on Thursday. The financial services provider reported $0.36 EPS for the quarter, Zacks reports. United Bancorp had a net margin of 16.29% and a return on equity of 11.80%.

United Bancorp Price Performance

NASDAQ:UBCP traded down $0.09 during trading hours on Thursday, reaching $15.74. 9,479 shares of the company’s stock were exchanged, compared to its average volume of 9,909. United Bancorp has a 12 month low of $12.47 and a 12 month high of $17.33. The company has a market capitalization of $90.98 million, a P/E ratio of 11.66 and a beta of 0.33. 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’s 50-day simple moving average is $15.61 and its two-hundred day simple moving average is $15.28.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised United Bancorp from a “hold (c)” rating to a “buy (b)” rating in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Insider Buying and Selling at United Bancorp

In other news, Director Gary W. Glessner bought 3,527 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were bought at an average cost of $14.93 per share, with a total value of $52,658.11. Following the transaction, the director directly owned 108,002 shares in the company, valued at approximately $1,612,469.86. This trade represents a 3.38% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Scott A. Everson bought 2,213 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was acquired at an average cost of $14.93 per share, with a total value 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 approximately $2,137,408.66. This represents a 1.57% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have acquired 7,295 shares of company stock worth $108,914. Company insiders own 13.86% of the company’s stock.

Institutional Investors Weigh In On United Bancorp

A number of large investors have recently added to or reduced their stakes in UBCP. Geode Capital Management LLC raised its stake in 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 valued at $779,000 after purchasing an additional 1,073 shares during the last quarter. Osaic Holdings Inc. increased its holdings in United Bancorp by 82.4% during 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. Russell Investments Group Ltd. acquired a new position in shares of United Bancorp during the second quarter valued at $43,000. Raymond James Financial Inc. bought a new stake in shares of United Bancorp during the 2nd quarter valued at $64,000. Finally, Vanguard Group Inc. increased its stake 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 valued at $1,332,000 after acquiring an additional 7,605 shares during the last quarter. Institutional investors own 15.42% of the company’s stock.

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.