United Bancorp (NASDAQ:UBCP) CEO Scott Everson Acquires 2,213 Shares

United Bancorp, Inc. (NASDAQ:UBCP) CEO Scott Everson purchased 2,213 shares of United Bancorp stock in a transaction dated Wednesday, May 27th. The stock was acquired at an average cost of $14.93 per share, with a total value of $33,040.09. Following the completion of the acquisition, the chief executive officer directly owned 143,162 shares in the company, valued at approximately $2,137,408.66. This trade represents a 1.57% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

United Bancorp Stock Up 3.1%

UBCP opened at $15.98 on Friday. The business has a 50 day simple moving average of $15.72 and a 200-day simple moving average of $14.68. The stock has a market capitalization of $92.36 million, a P/E ratio of 11.84 and a beta of 0.36. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.75 and a quick ratio of 0.75. United Bancorp, Inc. has a 12 month low of $12.47 and a 12 month high of $17.33.

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

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 dividend of $0.195 per share. This is a boost from United Bancorp’s previous quarterly dividend of $0.19. This represents a $0.78 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Wednesday, June 10th. United Bancorp’s payout ratio is presently 57.04%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised United Bancorp from a “hold (c)” rating to a “buy (b)” rating in a report on Wednesday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Hedge Funds Weigh In On United Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vawter Financial Ltd. raised its holdings in 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. Commonwealth Financial Services LLC raised its holdings in United Bancorp by 1.1% during the first quarter. Commonwealth Financial Services LLC now owns 87,355 shares of the financial services provider’s stock worth $1,329,000 after purchasing an additional 963 shares during the last quarter. Appalachian Capital Management Ltd acquired a new position in United Bancorp during the fourth quarter worth $479,000. Geode Capital Management LLC raised its holdings in United Bancorp by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 54,289 shares of the financial services provider’s stock worth $779,000 after purchasing an additional 1,073 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in United Bancorp during the third quarter worth $151,000. 15.42% of the stock is owned by institutional investors and hedge funds.

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.