Short Interest in United Bancorp, Inc. (NASDAQ:UBCP) Grows By 31.6%

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United Bancorp, Inc. (NASDAQ:UBCP) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 2,500 shares, an increase of 31.6% from the September 30th total of 1,900 shares. Based on an average trading volume of 5,200 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are short sold.

Separately, ValuEngine upgraded United Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

United Bancorp stock opened at $12.35 on Friday. United Bancorp has a 12-month low of $10.25 and a 12-month high of $13.14. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.55. The business’s 50-day moving average price is $11.70 and its two-hundred day moving average price is $11.45. The stock has a market cap of $74.54 million, a PE ratio of 10.82 and a beta of 0.12.

United Bancorp (NASDAQ:UBCP) last released its earnings results on Thursday, October 10th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter. United Bancorp had a return on equity of 12.33% and a net margin of 18.88%. The firm had revenue of $6.20 million for the quarter.

An institutional investor recently raised its position in United Bancorp stock. Wesbanco Bank Inc. raised its holdings in United Bancorp, Inc. (NASDAQ:UBCP) by 3.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 237,754 shares of the financial services provider’s stock after acquiring an additional 7,605 shares during the period. Wesbanco Bank Inc. owned about 4.14% of United Bancorp worth $2,679,000 at the end of the most recent quarter. 11.31% of the stock is owned by institutional investors.

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. It accepts demand, savings, and time deposits, as well as grants commercial, real estate, and consumer loans. The company also offers brokerage services. As of April 24, 2019, it operated through a network of 19 banking offices in the Ohio counties of Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson, and Tuscarawas; and a loan production office in Wheeling, West Virginia.

Read More: How are Outstanding Shares Different from Authorized Shares?

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