United Bancorp, Inc. (NASDAQ:UBCP) Short Interest Down 48.5% in July

United Bancorp, Inc. (NASDAQ:UBCP) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 8,171 shares, a decrease of 48.5% from the June 30th total of 15,854 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 10,857 shares, the short-interest ratio is presently 0.8 days.

Insiders Place Their Bets

In other news, CEO Scott A. Everson purchased 2,213 shares of the stock in a transaction dated Wednesday, May 27th. The shares were purchased at an average cost of $14.93 per share, with a total value of $33,040.09. Following the acquisition, the chief executive officer directly owned 143,162 shares of the company’s stock, valued at $2,137,408.66. This represents a 1.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary W. Glessner purchased 3,527 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was purchased at an average price of $14.93 per share, for a total transaction of $52,658.11. Following the completion of the purchase, the director owned 108,002 shares in the company, 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. Over the last quarter, insiders have acquired 7,295 shares of company stock valued at $108,914. Company insiders own 13.86% of the company’s stock.

Institutional Trading of United Bancorp

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in 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 purchasing an additional 7,605 shares in the last quarter. Commonwealth Financial Services LLC lifted its holdings in shares of United Bancorp by 1.1% in the first 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 in the last quarter. Post Resch Tallon Group Inc. boosted its position in shares of United Bancorp by 29.0% during the second quarter. Post Resch Tallon Group Inc. now owns 55,675 shares of the financial services provider’s stock worth $884,000 after acquiring an additional 12,500 shares during the last quarter. Geode Capital Management LLC grew its stake 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 in the last quarter. Finally, Vawter Financial Ltd. increased its holdings in United Bancorp by 1.9% in the 1st quarter. Vawter Financial Ltd. now owns 36,329 shares of the financial services provider’s stock valued at $553,000 after acquiring an additional 671 shares during the last quarter. Hedge funds and other institutional investors own 15.42% of the company’s stock.

Analyst Upgrades and Downgrades

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

United Bancorp Price Performance

Shares of NASDAQ:UBCP remained flat at $15.50 during mid-day trading on Wednesday. The company had a trading volume of 10,302 shares, compared to its average volume of 8,014. The stock’s 50 day simple moving average is $15.67 and its 200 day simple moving average is $15.32. The company has a market capitalization of $89.59 million, a price-to-earnings ratio of 11.23 and a beta of 0.33. United Bancorp has a 52 week low of $12.47 and a 52 week high of $17.33. 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 (NASDAQ:UBCP) last posted its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.36 earnings per share for the quarter. The business had revenue of $8.62 million during the quarter. United Bancorp had a net margin of 16.55% and a return on equity of 11.70%.

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.