United Bancorp (NASDAQ:UBCP) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

United Bancorp, Inc. (NASDAQ:UBCP) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.25 and traded as high as $15.44. United Bancorp shares last traded at $15.31, with a volume of 13,148 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised United Bancorp from a “hold (c)” rating to a “buy (b)” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, United Bancorp currently has an average rating of “Buy”.

United Bancorp Trading Up 2.3%

The company has a debt-to-equity ratio of 1.17, a current ratio of 0.75 and a quick ratio of 0.75. The business has a fifty day moving average of $15.61 and a 200-day moving average of $15.25. The stock has a market capitalization of $88.49 million, a price-to-earnings ratio of 11.34 and a beta of 0.33.

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. United Bancorp had a net margin of 16.29% and a return on equity of 11.80%. The company had revenue of $7.94 million during the quarter.

United Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Wednesday, June 10th were issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Wednesday, June 10th. This is an increase from United Bancorp’s previous quarterly dividend of $0.19. United Bancorp’s payout ratio is presently 57.78%.

Insider Buying and Selling

In other United Bancorp news, CEO Scott A. Everson bought 2,213 shares of the business’s stock in a transaction that occurred 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 purchase, the chief executive officer directly owned 143,162 shares in the company, valued at approximately $2,137,408.66. This trade represents a 1.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Gary W. Glessner bought 3,527 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were acquired at an average cost of $14.93 per share, with a total value of $52,658.11. Following the completion of the purchase, the director owned 108,002 shares of the company’s stock, valued at approximately $1,612,469.86. The trade was a 3.38% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 7,295 shares of company stock worth $108,914 over the last quarter. Insiders own 13.86% of the company’s stock.

Institutional Investors Weigh In On United Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of UBCP. Russell Investments Group Ltd. bought a new stake in shares of United Bancorp during the 2nd quarter worth $43,000. 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. Raymond James Financial Inc. acquired a new stake in shares of United Bancorp during the second quarter worth $64,000. Citadel Advisors LLC acquired a new stake in shares of United Bancorp during the third quarter worth $151,000. Finally, Appalachian Capital Management Ltd acquired a new stake in shares of United Bancorp during the fourth quarter worth $479,000. Institutional investors and hedge funds 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.