United Bancorp (NASDAQ:UBCP) Releases Earnings Results

United Bancorp (NASDAQ:UBCP) issued its quarterly earnings data on Thursday. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $7.94 million for the quarter. United Bancorp had a net margin of 16.32% and a return on equity of 12.05%.

United Bancorp Stock Performance

Shares of United Bancorp stock traded down $0.31 on Friday, reaching $16.00. 3,159 shares of the stock were exchanged, compared to its average volume of 9,578. The business has a 50 day moving average price of $15.74 and a two-hundred day moving average price of $14.45. The firm has a market capitalization of $92.16 million, a price-to-earnings ratio of 11.94 and a beta of 0.36. United Bancorp has a twelve month low of $12.25 and a twelve month high of $17.33. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.40.

United Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Wednesday, June 10th will be paid a $0.195 dividend. The ex-dividend date is Wednesday, June 10th. This is a positive change from United Bancorp’s previous quarterly dividend of $0.19. This represents a $0.78 annualized dividend and a dividend yield of 4.9%. United Bancorp’s dividend payout ratio (DPR) is 57.46%.

Hedge Funds Weigh In On United Bancorp

A number of institutional investors have recently bought and sold shares of UBCP. Russell Investments Group Ltd. purchased a new stake in shares of United Bancorp in the 2nd quarter valued at $43,000. Osaic Holdings Inc. boosted its holdings in shares of United Bancorp by 82.4% in the 2nd quarter. Osaic Holdings Inc. now owns 3,035 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 1,371 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of United Bancorp in the 2nd quarter valued at $64,000. Citadel Advisors LLC purchased a new stake in shares of United Bancorp in the 3rd quarter valued at $151,000. Finally, Appalachian Capital Management Ltd purchased a new stake in shares of United Bancorp in the 4th quarter valued at $479,000. 15.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of United Bancorp in a research report on Monday, April 20th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

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.