United Bancorp (NASDAQ:UBCP) Releases Earnings Results

United Bancorp (NASDAQ:UBCP) issued its earnings results on Tuesday. The financial services provider reported $0.35 earnings per share (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 Price Performance

NASDAQ:UBCP traded up $0.29 during midday trading on Tuesday, hitting $14.19. The company had a trading volume of 3,905 shares, compared to its average volume of 3,080. The company has a market capitalization of $81.88 million, a PE ratio of 10.92 and a beta of 0.39. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.49. United Bancorp has a 52-week low of $12.25 and a 52-week high of $15.64. The stock’s fifty day moving average price is $13.94 and its 200-day moving average price is $13.81.

United Bancorp Increases Dividend

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

Wall Street Analysts Forecast Growth

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, According to data from MarketBeat.com, United Bancorp currently has an average rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. bought a new stake in shares of United Bancorp in the second quarter worth about $43,000. Raymond James Financial Inc. bought a new position in shares of United Bancorp during the second quarter valued at approximately $64,000. Osaic Holdings Inc. lifted its stake in United Bancorp by 82.4% in the second quarter. Osaic Holdings Inc. now owns 3,035 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 1,371 shares during the period. Vanguard Group Inc. increased 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 during the period. Finally, Citadel Advisors LLC purchased a new stake in shares of United Bancorp in the 3rd quarter worth about $151,000. 15.42% of the stock is owned by 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. 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.