United Bancorp, Inc. (NASDAQ:UBCP) Short Interest Update

United Bancorp, Inc. (NASDAQ:UBCP) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 8,171 shares, a drop of 48.5% from the June 30th total of 15,854 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 10,857 shares, the days-to-cover ratio is currently 0.8 days.

Insider Transactions at United Bancorp

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

Hedge Funds Weigh In On United Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in UBCP. Post Resch Tallon Group Inc. increased its holdings in United Bancorp by 29.0% during the second quarter. Post Resch Tallon Group Inc. now owns 55,675 shares of the financial services provider’s stock worth $884,000 after buying an additional 12,500 shares during the last quarter. Vawter Financial Ltd. lifted its stake in United Bancorp by 1.9% in the first quarter. Vawter Financial Ltd. now owns 36,329 shares of the financial services provider’s stock valued at $553,000 after acquiring an additional 671 shares during the last quarter. Commonwealth Financial Services LLC grew its position in shares of United Bancorp by 1.1% in the 1st quarter. Commonwealth Financial Services LLC now owns 87,355 shares of the financial services provider’s stock valued at $1,329,000 after acquiring an additional 963 shares during the period. Appalachian Capital Management Ltd bought a new position in shares of United Bancorp in the 4th quarter valued at about $479,000. Finally, Geode Capital Management LLC grew its position in shares of United Bancorp by 2.0% in the 4th 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 during the period. 15.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

United Bancorp Price Performance

Shares of NASDAQ UBCP opened at $15.10 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 business has a 50-day moving average of $15.71 and a 200-day moving average of $15.33. The stock has a market capitalization of $87.28 million, a price-to-earnings ratio of 10.94 and a beta of 0.33. United Bancorp has a fifty-two week low of $12.47 and a fifty-two week high of $17.33.

United Bancorp (NASDAQ:UBCP) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.36 EPS for the quarter. The firm had revenue of $8.62 million during the quarter. United Bancorp had a return on equity of 11.70% and a net margin of 16.55%.

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.