ValuEngine cut shares of United Bancorp, Inc. (NASDAQ:UBCP) from a buy rating to a hold rating in a research note published on Friday morning.

Shares of United Bancorp (NASDAQ:UBCP) traded down 0.41% during midday trading on Friday, hitting $12.05. The stock had a trading volume of 2,676 shares. United Bancorp has a 52 week low of $10.20 and a 52 week high of $15.25. The stock has a 50-day moving average of $11.85 and a 200 day moving average of $11.99. The stock has a market cap of $58.41 million, a PE ratio of 16.97 and a beta of 0.09.

United Bancorp (NASDAQ:UBCP) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter. United Bancorp had a net margin of 17.54% and a return on equity of 8.35%. The firm had revenue of $4.72 million for the quarter.

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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 8th will be paid a $0.12 dividend. The ex-dividend date is Thursday, September 7th. This is a boost from United Bancorp’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 3.98%. United Bancorp’s dividend payout ratio (DPR) is presently 67.61%.

A hedge fund recently bought a new stake in United Bancorp stock. John W. Rosenthal Capital Management Inc. acquired a new stake in United Bancorp, Inc. (NASDAQ:UBCP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 28,500 shares of the financial services provider’s stock, valued at approximately $348,000. John W. Rosenthal Capital Management Inc. owned about 0.59% of United Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC). 13.26% of the stock is currently owned by institutional investors and hedge funds.

About United Bancorp

United Bancorp, Inc is a bank holding company. The Company has one subsidiary bank, The Citizens Savings Bank, Martins Ferry, Ohio (the Bank). The Bank operates two divisions for marketing purposes, The Community Bank, a division of The Citizens Savings Bank and The Citizens Bank, a division of The Citizens Savings Bank.

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