United Bancorp (NASDAQ:UBCP) Share Price Crosses Above 200-Day Moving Average – What’s Next?

United Bancorp, Inc. (NASDAQ:UBCP)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.22 and traded as high as $16.63. United Bancorp shares last traded at $15.51, with a volume of 6,522 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised United Bancorp from a “hold (c)” rating to a “buy (b)” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

United Bancorp Stock Up 2.2%

The firm’s 50-day moving average price is $15.71 and its 200 day moving average price is $15.23. The firm has a market capitalization of $91.61 million, a price-to-earnings ratio of 11.74 and a beta of 0.33. 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 (NASDAQ:UBCP) last issued its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.33 earnings per share for the quarter. United Bancorp had a net margin of 16.29% and a return on equity of 11.80%. The business had revenue of $7.94 million during the quarter.

United Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Wednesday, June 10th were given a dividend of $0.195 per share. The ex-dividend date of this dividend was 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 yield of 4.9%. United Bancorp’s dividend payout ratio (DPR) is 57.78%.

Insiders Place Their Bets

In related news, Director Gary W. Glessner purchased 3,527 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was bought at an average cost of $14.93 per share, with a total value of $52,658.11. Following the completion of the acquisition, the director directly owned 108,002 shares in the company, valued at $1,612,469.86. The trade was a 3.38% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott A. Everson acquired 2,213 shares of United Bancorp stock in a transaction dated Wednesday, May 27th. The stock was bought at an average price of $14.93 per share, for a total transaction of $33,040.09. Following the completion of the transaction, the chief executive officer directly owned 143,162 shares of the company’s stock, valued at approximately $2,137,408.66. This represents a 1.57% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders bought 7,295 shares of company stock valued at $108,914. Insiders own 13.86% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in UBCP. Vawter Financial Ltd. lifted its stake in shares of United Bancorp by 1.9% during the first quarter. Vawter Financial Ltd. now owns 36,329 shares of the financial services provider’s stock valued at $553,000 after buying an additional 671 shares during the period. Commonwealth Financial Services LLC grew its stake in United Bancorp by 1.1% in the 1st quarter. Commonwealth Financial Services LLC now owns 87,355 shares of the financial services provider’s stock worth $1,329,000 after acquiring an additional 963 shares during the period. Geode Capital Management LLC grew its stake in United Bancorp by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 54,289 shares of the financial services provider’s stock worth $779,000 after acquiring an additional 1,073 shares during the period. Osaic Holdings Inc. grew its stake in United Bancorp by 82.4% in the 2nd quarter. Osaic Holdings Inc. now owns 3,035 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 1,371 shares during the period. Finally, Russell Investments Group Ltd. acquired a new position in United Bancorp in the 2nd quarter valued at $43,000. 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.