United Bancorp, Inc. (NASDAQ:UBCP) Announces Dividend Increase – $0.18 Per Share

United Bancorp, Inc. (NASDAQ:UBCP) announced a quarterly dividend on Thursday, April 18th, Zacks reports. Shareholders of record on Monday, June 10th will be paid a dividend of 0.175 per share by the financial services provider on Thursday, June 20th. This represents a $0.70 annualized dividend and a yield of 5.33%. The ex-dividend date is Monday, June 10th. This is an increase from United Bancorp’s previous quarterly dividend of $0.17.

United Bancorp has raised its dividend by an average of 5.3% annually over the last three years and has raised its dividend annually for the last 1 consecutive years. United Bancorp has a dividend payout ratio of 38.4% indicating that its dividend is sufficiently covered by earnings.

United Bancorp Stock Performance

NASDAQ UBCP opened at $13.14 on Friday. The stock has a market cap of $74.90 million, a PE ratio of 8.37 and a beta of 0.36. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.55. United Bancorp has a twelve month low of $9.70 and a twelve month high of $15.50. The stock has a fifty day simple moving average of $12.80 and a 200-day simple moving average of $11.91.

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

Hedge Funds Weigh In On United Bancorp

A number of hedge funds have recently modified their holdings of UBCP. Northern Trust Corp purchased a new position in shares of United Bancorp during the 2nd quarter worth $130,000. State Street Corp purchased a new position in United Bancorp during the 2nd quarter valued at about $167,000. HBK Sorce Advisory LLC purchased a new position in United Bancorp during the 1st quarter valued at about $261,000. Founders Financial Alliance LLC boosted its holdings in United Bancorp by 4.3% during the 4th quarter. Founders Financial Alliance LLC now owns 18,486 shares of the financial services provider’s stock valued at $272,000 after acquiring an additional 762 shares during the period. Finally, BlackRock Inc. boosted its holdings in United Bancorp by 108.0% during the 2nd quarter. BlackRock Inc. now owns 23,464 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 12,184 shares during the period. 15.42% of the stock is currently owned by hedge funds and other institutional investors.

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.