United Bancorp (NASDAQ:UBCP) Shares Pass Above 200-Day Moving Average – Here’s What Happened

United Bancorp, Inc. (NASDAQ:UBCP)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $15.12 and traded as high as $16.10. United Bancorp shares last traded at $16.00, with a volume of 10,899 shares traded.

Wall Street Analysts Forecast Growth

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

United Bancorp Trading Up 0.8%

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 company’s fifty day moving average price is $15.70 and its two-hundred day moving average price is $15.12. The firm has a market cap of $92.48 million, a PE ratio of 11.85 and a beta of 0.33.

United Bancorp (NASDAQ:UBCP) last posted its quarterly 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 business had revenue of $7.94 million during the quarter.

United Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Wednesday, June 10th were paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Wednesday, June 10th. This is a positive change from United Bancorp’s previous quarterly dividend of $0.19. United Bancorp’s dividend payout ratio is currently 57.78%.

Insider Activity at United Bancorp

In other news, CEO Scott A. Everson purchased 2,213 shares of the stock in a transaction dated Wednesday, May 27th. The stock was acquired at an average cost of $14.93 per share, for a total transaction of $33,040.09. Following the completion of the acquisition, the chief executive officer directly owned 143,162 shares in the company, valued at $2,137,408.66. This represents a 1.57% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary W. Glessner bought 3,527 shares of the stock in a transaction on Wednesday, May 27th. The stock was purchased 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 directly owned 108,002 shares in the company, valued at $1,612,469.86. This trade represents a 3.38% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 7,295 shares of company stock worth $108,914 over the last quarter. Company insiders own 13.86% of the company’s stock.

Hedge Funds Weigh In On United Bancorp

A number of large investors have recently bought and sold shares of UBCP. Vanguard Group Inc. raised its position 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 buying an additional 7,605 shares during the period. Commonwealth Financial Services LLC grew its position in 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 valued at $1,329,000 after acquiring an additional 963 shares during the period. Geode Capital Management LLC grew its position in 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 valued at $779,000 after acquiring an additional 1,073 shares during the period. Vawter Financial Ltd. increased its stake in United Bancorp by 1.9% during the first quarter. Vawter Financial Ltd. now owns 36,329 shares of the financial services provider’s stock worth $553,000 after acquiring an additional 671 shares during the last quarter. Finally, Appalachian Capital Management Ltd acquired a new stake in United Bancorp during the fourth quarter worth about $479,000. Hedge funds and other 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.