United Bancorp (NASDAQ:UBCP) Posts Quarterly Earnings Results

United Bancorp (NASDAQ:UBCP) released its quarterly earnings results on Thursday. The financial services provider reported $0.36 EPS for the quarter, Zacks reports. United Bancorp had a net margin of 16.29% and a return on equity of 11.80%.

United Bancorp Price Performance

Shares of UBCP stock traded down $0.09 during mid-day trading on Thursday, hitting $15.74. The company had a trading volume of 9,434 shares, compared to its average volume of 9,909. 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 stock’s 50 day moving average price is $15.61 and its 200-day moving average price is $15.28. United Bancorp has a 52-week low of $12.47 and a 52-week high of $17.33. The company has a market capitalization of $90.98 million, a P/E ratio of 11.66 and a beta of 0.33.

Insider Activity

In other news, Director Gary W. Glessner purchased 3,527 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was bought 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 owned 108,002 shares in the company, valued at approximately $1,612,469.86. This represents a 3.38% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Scott A. Everson purchased 2,213 shares of United Bancorp stock in a transaction that occurred on Wednesday, May 27th. The stock was acquired at an average price of $14.93 per share, for a total transaction of $33,040.09. Following the transaction, the chief executive officer directly owned 143,162 shares of the company’s stock, valued at $2,137,408.66. The trade was a 1.57% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 7,295 shares of company stock valued at $108,914 in the last three months. Insiders own 13.86% of the company’s stock.

Institutional Trading of United Bancorp

A number of institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in United Bancorp by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 54,289 shares of the financial services provider’s stock worth $779,000 after purchasing an additional 1,073 shares during the period. Osaic Holdings Inc. increased its stake in United Bancorp by 82.4% in the 2nd quarter. Osaic Holdings Inc. now owns 3,035 shares of the financial services provider’s stock worth $44,000 after buying an additional 1,371 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of United Bancorp during the second quarter worth approximately $43,000. Raymond James Financial Inc. bought a new position in United Bancorp in the second quarter worth approximately $64,000. Finally, Vanguard Group Inc. raised its position in United Bancorp by 8.7% during the 3rd quarter. Vanguard Group Inc. now owns 95,346 shares of the financial services provider’s stock valued at $1,332,000 after purchasing an additional 7,605 shares in the last quarter. 15.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised 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 data from MarketBeat.com, the stock 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.