United Bancorp (NASDAQ:UBCP) CEO Acquires $33,040.09 in Stock

United Bancorp, Inc. (NASDAQ:UBCP) CEO Scott Everson bought 2,213 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were bought at an average cost of $14.93 per share, for a total transaction of $33,040.09. Following the transaction, the chief executive officer directly owned 143,162 shares of the company’s stock, valued at $2,137,408.66. This trade represents a 1.57% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

United Bancorp Trading Down 3.6%

Shares of UBCP stock opened at $15.41 on Friday. United Bancorp, Inc. has a 1 year low of $12.47 and a 1 year high of $17.33. The firm’s fifty day simple moving average is $15.73 and its 200 day simple moving average is $14.68. The firm has a market capitalization of $89.07 million, a P/E ratio of 11.41 and a beta of 0.36. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17.

United Bancorp (NASDAQ:UBCP) last posted its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.33 EPS for the quarter. The firm had revenue of $7.94 million during the quarter. United Bancorp had a return on equity of 11.80% and a net margin of 16.29%.

United Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Wednesday, June 10th will be issued a $0.195 dividend. This is a positive change from United Bancorp’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $0.78 annualized dividend and a yield of 5.1%. United Bancorp’s payout ratio is currently 57.04%.

Hedge Funds Weigh In On United Bancorp

Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. acquired a new position in shares of United Bancorp in the 2nd quarter worth approximately $43,000. Osaic Holdings Inc. raised 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 worth $44,000 after buying an additional 1,371 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of United Bancorp in the 2nd quarter worth approximately $64,000. Citadel Advisors LLC acquired a new position in shares of United Bancorp in the 3rd quarter worth approximately $151,000. Finally, Appalachian Capital Management Ltd acquired a new position in shares of United Bancorp in the 4th quarter worth approximately $479,000. 15.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised United Bancorp from a “hold (c)” rating to a “buy (b)” rating in a report on Wednesday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, United Bancorp currently has a consensus rating of “Buy”.

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. United Bancorp, Inc was founded in 1902 and is headquartered in Martins Ferry, Ohio.