United Bancorp, Inc. (NASDAQ:UBCP) Sees Large Decline in Short Interest

United Bancorp, Inc. (NASDAQ:UBCP) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 5,000 shares, a drop of 40.5% from the March 31st total of 8,400 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 4,000 shares, the short-interest ratio is presently 1.3 days.

Institutional Investors Weigh In On United Bancorp

A number of large investors have recently added to or reduced their stakes in UBCP. Founders Financial Alliance LLC boosted its stake in shares of United Bancorp by 26.0% in the 4th quarter. Founders Financial Alliance LLC now owns 32,053 shares of the financial services provider’s stock worth $412,000 after buying an additional 6,622 shares during the last quarter. Vantage Financial Partners LLC increased its position in United Bancorp by 26.4% during the fourth quarter. Vantage Financial Partners LLC now owns 44,270 shares of the financial services provider’s stock valued at $564,000 after acquiring an additional 9,258 shares during the last quarter. Finally, Wesbanco Bank Inc. lifted its holdings in United Bancorp by 90.4% in the first quarter. Wesbanco Bank Inc. now owns 47,083 shares of the financial services provider’s stock valued at $681,000 after acquiring an additional 22,357 shares during the period. Institutional investors own 15.42% of the company’s stock.

United Bancorp Stock Down 1.6 %

UBCP stock opened at $12.75 on Friday. The stock has a market capitalization of $72.68 million, a P/E ratio of 8.12 and a beta of 0.36. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.81 and a quick ratio of 0.81. United Bancorp has a 1-year low of $9.70 and a 1-year high of $15.50. The business has a fifty day moving average price of $12.89 and a 200-day moving average price of $11.96.

United Bancorp (NASDAQ:UBCP) last released its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $0.42 EPS for the quarter. United Bancorp had a return on equity of 15.32% and a net margin of 21.88%. The company had revenue of $7.53 million during the quarter.

United Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.70 annualized dividend and a dividend yield of 5.49%. United Bancorp’s payout ratio is 43.95%.

About United Bancorp

United Bancorp, Inc operates as the bank holding company for Unified Bank that provides commercial and retail banking services in Ohio. It provides range of banking and financial services, which includes accepting demand, savings, and time deposits; and offers commercial, real estate and consumer loans.