United Bancorp (NASDAQ:UBCP) Releases Quarterly Earnings Results

United Bancorp (NASDAQ:UBCP) posted its earnings results on Tuesday. The financial services provider reported $0.35 EPS for the quarter, Zacks reports. United Bancorp had a net margin of 16.39% and a return on equity of 12.09%.

United Bancorp Trading Up 2.1%

Shares of NASDAQ UBCP traded up $0.29 during trading on Tuesday, hitting $14.19. 3,905 shares of the company were exchanged, compared to its average volume of 3,080. The company has a fifty day moving average price of $13.94 and a 200-day moving average price of $13.81. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market capitalization of $81.88 million, a PE ratio of 10.92 and a beta of 0.39. United Bancorp has a 12-month low of $12.25 and a 12-month high of $15.64.

United Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Wednesday, December 10th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.4%. This is an increase from United Bancorp’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Wednesday, December 10th. United Bancorp’s dividend payout ratio is presently 58.46%.

Institutional Trading of United Bancorp

A number of large investors have recently made changes to their positions in UBCP. Citadel Advisors LLC acquired a new stake in United Bancorp during the third quarter worth approximately $151,000. Vanguard Group Inc. grew its holdings in shares of United Bancorp by 8.7% during the third 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 during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of United Bancorp by 82.4% in the 2nd quarter. Osaic Holdings Inc. now owns 3,035 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 1,371 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of United Bancorp in the 2nd quarter valued at about $64,000. Finally, Russell Investments Group Ltd. purchased a new position in United Bancorp during the 2nd quarter worth approximately $43,000. 15.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of United Bancorp in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, United Bancorp has an average rating of “Hold”.

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.