Short Interest in United Bancorp, Inc. (NASDAQ:UBCP) Decreases By 17.2%

United Bancorp, Inc. (NASDAQ:UBCP) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 7,700 shares, a decrease of 17.2% from the March 15th total of 9,300 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 6,400 shares, the days-to-cover ratio is currently 1.2 days.

United Bancorp Stock Up 1.7 %

United Bancorp stock opened at $13.35 on Monday. United Bancorp has a 12 month low of $11.40 and a 12 month high of $14.78. The stock has a fifty day simple moving average of $13.11 and a two-hundred day simple moving average of $13.10. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.51. The firm has a market cap of $79.64 million, a price-to-earnings ratio of 10.51 and a beta of 0.23.

United Bancorp (NASDAQ:UBCP) last released its quarterly earnings data on Friday, February 7th. The financial services provider reported $0.31 earnings per share for the quarter. United Bancorp had a net margin of 16.83% and a return on equity of 11.73%.

United Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, June 10th will be given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date of this dividend is Tuesday, June 10th. This is a boost from United Bancorp’s previous quarterly dividend of $0.18. United Bancorp’s dividend payout ratio is 57.48%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wealthedge Investment Advisors LLC purchased a new position in shares of United Bancorp during the 4th quarter worth $258,000. Northern Trust Corp raised its holdings in United Bancorp by 40.2% in the 4th quarter. Northern Trust Corp now owns 25,314 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 7,264 shares during the period. Founders Financial Alliance LLC lifted its position in United Bancorp by 11.0% during the fourth quarter. Founders Financial Alliance LLC now owns 36,642 shares of the financial services provider’s stock valued at $476,000 after purchasing an additional 3,633 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in United Bancorp by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 40,956 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 2,125 shares during the period. Finally, Wesbanco Bank Inc. increased its position in United Bancorp by 52.9% in the fourth quarter. Wesbanco Bank Inc. now owns 42,055 shares of the financial services provider’s stock worth $547,000 after buying an additional 14,550 shares in the last quarter. 15.42% of the stock is owned by hedge funds and other institutional investors.

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.