United Bancorp (NASDAQ:UBCP) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

United Bancorp, Inc. (NASDAQ:UBCP)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.16 and traded as high as $13.80. United Bancorp shares last traded at $13.44, with a volume of 5,576 shares traded.

United Bancorp Price Performance

The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $77.87 million, a P/E ratio of 10.58 and a beta of 0.35. The company has a 50-day moving average of $13.08 and a 200 day moving average of $13.16.

United Bancorp (NASDAQ:UBCP) last posted its earnings results on Friday, May 9th. The financial services provider reported $0.32 EPS for the quarter. The business had revenue of $7.53 million during the quarter. United Bancorp had a return on equity of 11.73% and a net margin of 16.83%.

United Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Tuesday, June 10th will be given a $0.185 dividend. This is an increase from United Bancorp’s previous quarterly dividend of $0.18. The ex-dividend date is Tuesday, June 10th. This represents a $0.74 annualized dividend and a yield of 5.51%. United Bancorp’s payout ratio is presently 59.68%.

Insider Buying and Selling at United Bancorp

In other United Bancorp news, CEO Scott A. Everson acquired 2,197 shares of the business’s stock in a transaction on Thursday, May 22nd. The stock was purchased at an average price of $13.62 per share, for a total transaction of $29,923.14. Following the transaction, the chief executive officer now owns 140,807 shares in the company, valued at $1,917,791.34. This trade represents a 1.59% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary W. Glessner acquired 3,497 shares of the business’s stock in a transaction on Thursday, May 22nd. The stock was acquired at an average price of $13.62 per share, with a total value of $47,629.14. Following the transaction, the director now owns 100,529 shares in the company, valued at approximately $1,369,204.98. The trade was a 3.60% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 11,009 shares of company stock worth $149,943. 12.93% of the stock is currently owned by insiders.

Institutional Investors Weigh In On United Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in UBCP. Tallon Kerry Patrick acquired a new stake in shares of United Bancorp in the 4th quarter valued at $584,000. Wealthedge Investment Advisors LLC acquired a new stake in shares of United Bancorp in the 4th quarter valued at $258,000. Northern Trust Corp increased its stake in shares of United Bancorp by 40.2% in the 4th quarter. Northern Trust Corp now owns 25,314 shares of the financial services provider’s stock valued at $329,000 after buying an additional 7,264 shares during the period. Founders Financial Alliance LLC increased its stake in shares of United Bancorp by 11.0% in the 4th quarter. Founders Financial Alliance LLC now owns 36,642 shares of the financial services provider’s stock valued at $476,000 after buying an additional 3,633 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of United Bancorp by 5.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 40,956 shares of the financial services provider’s stock valued at $528,000 after buying an additional 2,125 shares during the period. 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.