United Bancorp (NASDAQ:UBCP) Releases Quarterly Earnings Results

United Bancorp (NASDAQ:UBCP) announced its quarterly earnings results on Thursday. The financial services provider reported $0.36 EPS for the quarter, Zacks reports. United Bancorp had a return on equity of 11.80% and a net margin of 16.29%.

United Bancorp Stock Performance

NASDAQ:UBCP opened at $15.51 on Friday. 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 company has a market capitalization of $89.65 million, a P/E ratio of 11.49 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 $15.29. United Bancorp has a twelve month low of $12.47 and a twelve month high of $17.33.

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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat, United Bancorp presently has a consensus rating of “Buy”.

Insider Activity

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

Institutional Investors Weigh In On United Bancorp

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of United Bancorp by 8.7% in the third 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 last quarter. Geode Capital Management LLC lifted its position in shares of United Bancorp by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 54,289 shares of the financial services provider’s stock valued at $779,000 after acquiring an additional 1,073 shares in the last quarter. Appalachian Capital Management Ltd acquired a new stake in shares of United Bancorp during the fourth quarter valued at $479,000. Citadel Advisors LLC acquired a new stake in shares of United Bancorp during the third quarter valued at $151,000. Finally, Raymond James Financial Inc. purchased a new stake in United Bancorp during the 2nd quarter worth about $64,000. Institutional investors and hedge funds 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.