United Bancorp (NASDAQ:UBCP) Director Bethany Schunn Buys 1,175 Shares

United Bancorp, Inc. (NASDAQ:UBCP) Director Bethany Schunn purchased 1,175 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was acquired at an average price of $14.93 per share, with a total value of $17,542.75. Following the purchase, the director directly owned 20,457 shares of the company’s stock, valued at approximately $305,423.01. The trade was a 6.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

United Bancorp Stock Up 2.2%

Shares of UBCP stock traded up $0.34 during mid-day trading on Thursday, hitting $15.84. The company’s stock had a trading volume of 9,674 shares, compared to its average volume of 9,908. United Bancorp, Inc. has a 52-week low of $12.47 and a 52-week high of $17.33. The business has a 50-day moving average price of $15.70 and a 200 day moving average price of $14.65. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market cap of $91.57 million, a price-to-earnings ratio of 11.73 and a beta of 0.36.

United Bancorp (NASDAQ:UBCP) last posted its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.33 earnings per share for the quarter. United Bancorp had a return on equity of 11.80% and a net margin of 16.29%.The firm had revenue of $7.94 million during the quarter.

United Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Wednesday, June 10th will be issued a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This is an increase 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 is presently 57.78%.

Institutional Trading of United Bancorp

Several hedge funds have recently bought and sold shares of UBCP. Russell Investments Group Ltd. bought a new stake in United Bancorp during the second quarter valued at about $43,000. Osaic Holdings Inc. grew its holdings in United Bancorp by 82.4% during the second quarter. Osaic Holdings Inc. now owns 3,035 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 1,371 shares during the period. Raymond James Financial Inc. bought a new stake in United Bancorp during the second quarter valued at about $64,000. Citadel Advisors LLC bought a new stake in United Bancorp during the third quarter valued at about $151,000. Finally, Appalachian Capital Management Ltd bought a new stake in United Bancorp during the fourth quarter valued at about $479,000. Institutional investors own 15.42% of the company’s stock.

Wall Street Analysts Forecast Growth

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