United Bancorp (NASDAQ:UBCP) Director Gary Glessner Acquires 3,527 Shares

United Bancorp, Inc. (NASDAQ:UBCP) Director Gary Glessner acquired 3,527 shares of the stock in a transaction on Wednesday, May 27th. The shares were acquired at an average price of $14.93 per share, with a total value of $52,658.11. Following the purchase, the director owned 108,002 shares in the company, valued at $1,612,469.86. This represents a 3.38% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

United Bancorp Trading Up 3.1%

NASDAQ:UBCP opened at $15.98 on Friday. United Bancorp, Inc. has a 12-month low of $12.47 and a 12-month high of $17.33. The firm has a market capitalization of $92.36 million, a P/E ratio of 11.84 and a beta of 0.36. 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 50 day simple moving average of $15.72 and a 200 day simple moving average of $14.68.

United Bancorp (NASDAQ:UBCP) last released its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter. The business had revenue of $7.94 million during the quarter. United Bancorp had a return on equity of 11.80% and a net margin of 16.29%.

United Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.195 per share. This is a boost from United Bancorp’s previous quarterly dividend of $0.19. This represents a $0.78 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Wednesday, June 10th. United Bancorp’s payout ratio is presently 57.04%.

Hedge Funds Weigh In On United Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. acquired a new position in shares of United Bancorp during the second quarter worth approximately $43,000. Osaic Holdings Inc. lifted its position in United Bancorp by 82.4% in the second quarter. Osaic Holdings Inc. now owns 3,035 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 1,371 shares during the period. Raymond James Financial Inc. acquired a new stake in United Bancorp in the second quarter worth approximately $64,000. Citadel Advisors LLC acquired a new stake in United Bancorp in the third quarter worth approximately $151,000. Finally, Appalachian Capital Management Ltd acquired a new stake in United Bancorp in the fourth quarter worth approximately $479,000. 15.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded United Bancorp from a “hold (c)” rating to a “buy (b)” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, United Bancorp currently has a consensus rating of “Buy”.

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.