United Bancorp (NASDAQ:UBCP) Posts Earnings Results

United Bancorp (NASDAQ:UBCP) announced its earnings results on Friday. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, FiscalAI reports. United Bancorp had a return on equity of 11.96% and a net margin of 16.44%.The firm had revenue of $6.73 million for the quarter.

United Bancorp Price Performance

Shares of United Bancorp stock traded down $0.16 on Friday, hitting $12.74. 6,162 shares of the company were exchanged, compared to its average volume of 4,776. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.66. The company has a 50-day moving average price of $13.60 and a 200 day moving average price of $13.72. The stock has a market capitalization of $73.54 million, a price-to-earnings ratio of 10.03 and a beta of 0.43. United Bancorp has a 1-year low of $12.03 and a 1-year high of $15.64.

United Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Wednesday, September 10th were paid a $0.1875 dividend. This is a positive change from United Bancorp’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $0.75 dividend on an annualized basis and a yield of 5.9%. United Bancorp’s dividend payout ratio is 59.06%.

Hedge Funds Weigh In On United Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of UBCP. Russell Investments Group Ltd. purchased a new stake in United Bancorp in the second quarter valued at $43,000. Osaic Holdings Inc. raised its stake 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 acquiring an additional 1,371 shares during the period. Raymond James Financial Inc. acquired a new position in shares of United Bancorp in the 2nd quarter worth approximately $64,000. Founders Financial Alliance LLC increased its holdings in United Bancorp by 11.3% in the 3rd quarter. Founders Financial Alliance LLC now owns 37,276 shares of the financial services provider’s stock valued at $521,000 after purchasing an additional 3,784 shares during the last quarter. Finally, Commonwealth Financial Services LLC raised its position in United Bancorp by 1.2% in the first quarter. Commonwealth Financial Services LLC now owns 82,462 shares of the financial services provider’s stock valued at $1,107,000 after purchasing an additional 1,005 shares during the period. 15.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of United Bancorp in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

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.