United Bancorp (NASDAQ:UBCP) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

United Bancorp, Inc. (NASDAQ:UBCP) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.25 and traded as high as $15.44. United Bancorp shares last traded at $15.31, with a volume of 13,148 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised United Bancorp from a “hold (c)” rating to a “buy (b)” rating in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

United Bancorp Stock Up 2.3%

The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $88.49 million, a price-to-earnings ratio of 11.34 and a beta of 0.33. The firm has a 50 day moving average price of $15.61 and a two-hundred day moving average price of $15.25.

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

United Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Wednesday, June 10th were paid a dividend of $0.195 per share. This is an increase from United Bancorp’s previous quarterly dividend of $0.19. This represents a $0.78 annualized dividend and a yield of 5.1%. The ex-dividend date was Wednesday, June 10th. United Bancorp’s payout ratio is presently 57.78%.

Insiders Place Their Bets

In other United Bancorp news, Director Gary W. Glessner bought 3,527 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were acquired at an average price of $14.93 per share, with a total value of $52,658.11. Following the purchase, the director owned 108,002 shares in the company, valued at approximately $1,612,469.86. The trade was a 3.38% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Scott A. Everson bought 2,213 shares of United Bancorp stock in a transaction that occurred on Wednesday, May 27th. The shares were acquired at an average price of $14.93 per share, for a total transaction of $33,040.09. Following the acquisition, the chief executive officer directly owned 143,162 shares in the company, valued at approximately $2,137,408.66. This represents a 1.57% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 7,295 shares of company stock worth $108,914. Insiders own 13.86% of the company’s stock.

Institutional Investors Weigh In On United Bancorp

Institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. acquired a new stake in shares of United Bancorp in the second quarter valued at about $43,000. Raymond James Financial Inc. acquired a new position in United Bancorp during the 2nd quarter worth approximately $64,000. Osaic Holdings Inc. boosted its holdings in 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 acquiring an additional 1,371 shares during the period. Vanguard Group Inc. boosted its holdings in United Bancorp by 8.7% in the 3rd quarter. Vanguard Group Inc. now owns 95,346 shares of the financial services provider’s stock worth $1,332,000 after acquiring an additional 7,605 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in United Bancorp in the third quarter valued at approximately $151,000. Hedge funds and other institutional investors own 15.42% of the company’s stock.

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.