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

United Bancorp, Inc. (NASDAQ:UBCP) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $15.68 and traded as low as $14.29. United Bancorp shares last traded at $14.79, with a volume of 5,843 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of United Bancorp from a “buy (b+)” rating to a “hold (c)” rating in a research note on Tuesday, September 22nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

United Bancorp Stock Performance

The stock’s 50 day simple moving average is $15.54 and its two-hundred day simple moving average is $15.68. The company has a market cap of $84.82 million, a PE ratio of 10.72 and a beta of 0.31. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.10.

United Bancorp (NASDAQ:UBCP) last posted its quarterly earnings results on Friday, July 24th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter. United Bancorp had a return on equity of 11.53% and a net margin of 16.55%.The firm had revenue of $8.62 million during the quarter.

United Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Thursday, September 10th were paid a dividend of $0.1975 per share. This is an increase from United Bancorp’s previous quarterly dividend of $0.1950. This represents a $0.79 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Thursday, September 10th. United Bancorp’s payout ratio is 57.25%.

Institutional Investors Weigh In On United Bancorp

A number of large investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in United Bancorp during the 2nd quarter worth approximately $464,000. Susquehanna International Group LLP raised its holdings in United Bancorp by 10.4% in the second quarter. Susquehanna International Group LLP now owns 18,063 shares of the financial services provider’s stock valued at $287,000 after acquiring an additional 1,695 shares in the last quarter. Raffles Associates LP acquired a new position in United Bancorp during the 2nd quarter worth $281,000. Post Resch Tallon Group Inc. increased its position in shares of United Bancorp by 29.0% in the 2nd quarter. Post Resch Tallon Group Inc. now owns 55,675 shares of the financial services provider’s stock worth $884,000 after purchasing an additional 12,500 shares during the last quarter. Finally, Vawter Financial Ltd. lifted its position in shares of United Bancorp by 1.9% during the first quarter. Vawter Financial Ltd. now owns 36,329 shares of the financial services provider’s stock worth $553,000 after purchasing an additional 671 shares during the last quarter. 15.42% of the stock is owned by institutional investors and hedge funds.

About United Bancorp

United Bancorp, Inc is a bank holding company headquartered in Martins Ferry, Ohio. Through its wholly owned subsidiary, Unified Bank, the company provides community banking services to individuals, families, businesses and public-sector organizations.

Unified Bank offers a range of traditional banking products, including checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer loans, business financing and agricultural loans. The bank also provides electronic banking, cash-management and other financial services designed to support personal and business customers.

United Bancorp serves communities in eastern Ohio and the Northern Panhandle of West Virginia through a network of banking offices.