United Bancorp (NASDAQ:UBCP) Releases Quarterly Earnings Results

United Bancorp (NASDAQ:UBCP) posted its quarterly earnings data on Thursday. The financial services provider reported $0.36 earnings per share for the quarter, Zacks reports. The business had revenue of $8.62 million during the quarter. United Bancorp had a net margin of 16.55% and a return on equity of 11.70%.

United Bancorp Stock Up 2.3%

UBCP stock opened at $15.87 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market capitalization of $91.73 million, a P/E ratio of 11.50 and a beta of 0.33. United Bancorp has a 52-week low of $12.47 and a 52-week high of $17.33. The company’s 50 day simple moving average is $15.62 and its 200-day simple moving average is $15.29.

Insider Buying and Selling

In other news, CEO Scott A. Everson bought 2,213 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were bought at an average cost of $14.93 per share, with a total value of $33,040.09. Following the purchase, the chief executive officer directly owned 143,162 shares in the company, valued at $2,137,408.66. This trade represents a 1.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gary W. Glessner bought 3,527 shares of United Bancorp stock in a transaction dated Wednesday, May 27th. The stock was acquired at an average price of $14.93 per share, with a total value of $52,658.11. Following the acquisition, the director directly owned 108,002 shares of the company’s stock, valued at approximately $1,612,469.86. This represents a 3.38% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 7,295 shares of company stock valued at $108,914 in the last ninety days. Company insiders own 13.86% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of UBCP. Russell Investments Group Ltd. acquired a new position in United Bancorp during the second quarter valued at $43,000. Osaic Holdings Inc. grew its stake in United Bancorp by 82.4% during 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 in the last quarter. Raymond James Financial Inc. purchased a new position in United Bancorp during the 2nd quarter valued at about $64,000. Citadel Advisors LLC acquired a new position in shares of United Bancorp in the 3rd quarter valued at about $151,000. Finally, Appalachian Capital Management Ltd acquired a new position in shares of United Bancorp in the 4th quarter valued at about $479,000. Hedge funds and other institutional investors own 15.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised United Bancorp from a “hold (c)” rating to a “buy (b)” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

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.