United Bancorp (NASDAQ:UBCP) Stock Passes Above 200-Day Moving Average – Here’s What Happened

United Bancorp, Inc. (NASDAQ:UBCP)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $15.38 and traded as high as $15.96. United Bancorp shares last traded at $15.96, with a volume of 1,644 shares traded.

Analysts Set New Price Targets

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

United Bancorp Stock Up 2.5%

The firm has a market capitalization of $93.35 million, a PE ratio of 11.70 and a beta of 0.34. 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 firm has a 50-day moving average of $15.79 and a two-hundred day moving average of $15.40.

United Bancorp (NASDAQ:UBCP) last posted its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.36 earnings per share (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%.

Insider Transactions at United Bancorp

In other United Bancorp news, CEO Scott A. Everson bought 2,213 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was purchased 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 trade represents a 1.57% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gary W. Glessner purchased 3,527 shares of United Bancorp stock in a transaction on Wednesday, May 27th. The shares were acquired at an average cost of $14.93 per share, for a total transaction of $52,658.11. Following the completion of the transaction, the director owned 108,002 shares of the company’s stock, valued at $1,612,469.86. This represents a 3.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought a total of 7,295 shares of company stock valued at $108,914 in the last quarter. Company insiders own 13.86% of the company’s stock.

Hedge Funds Weigh In On United Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. acquired a new stake in United Bancorp in the 2nd quarter valued at $43,000. Raymond James Financial Inc. acquired a new position in shares of United Bancorp during the second quarter worth about $64,000. Osaic Holdings Inc. boosted its position in shares of United Bancorp by 82.4% in the second quarter. Osaic Holdings Inc. now owns 3,035 shares of the financial services provider’s stock worth $44,000 after buying an additional 1,371 shares during the period. Vanguard Group Inc. boosted its position 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 buying an additional 7,605 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in shares of United Bancorp in the third quarter valued at about $151,000. Institutional investors and hedge funds own 15.42% of the company’s stock.

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.