United Bancorp (NASDAQ:UBCP) Upgraded by ValuEngine to “Hold”

United Bancorp (NASDAQ:UBCP) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Wednesday, ValuEngine reports.

Shares of UBCP traded up $0.11 on Wednesday, reaching $11.63. The stock had a trading volume of 199 shares, compared to its average volume of 3,351. The stock has a market cap of $66.72 million, a PE ratio of 11.09 and a beta of 0.14. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.33. United Bancorp has a 12-month low of $10.25 and a 12-month high of $14.00.

United Bancorp (NASDAQ:UBCP) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.28 earnings per share for the quarter. United Bancorp had a return on equity of 11.82% and a net margin of 17.76%. The company had revenue of $6.05 million during the quarter.

In other United Bancorp news, Director Gary W. Glessner acquired 2,700 shares of the stock in a transaction dated Thursday, May 30th. The shares were acquired at an average cost of $11.50 per share, for a total transaction of $31,050.00. Following the completion of the transaction, the director now directly owns 50,140 shares of the company’s stock, valued at $576,610. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 10.50% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wesbanco Bank Inc. increased its stake in United Bancorp by 0.5% during the first quarter. Wesbanco Bank Inc. now owns 230,149 shares of the financial services provider’s stock worth $2,498,000 after acquiring an additional 1,241 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of United Bancorp by 14.2% in the first quarter. Dimensional Fund Advisors LP now owns 19,309 shares of the financial services provider’s stock valued at $210,000 after purchasing an additional 2,395 shares during the period. Finally, Kennedy Capital Management Inc. lifted its holdings in United Bancorp by 21.1% during the first quarter. Kennedy Capital Management Inc. now owns 78,218 shares of the financial services provider’s stock worth $849,000 after buying an additional 13,620 shares during the period. 11.59% of the stock is currently owned by institutional investors.

About United Bancorp

United Bancorp, Inc operates as the bank holding company for Unified Bank that provides commercial and retail banking services in Ohio. It accepts demand, savings, and time deposits, as well as grants commercial, real estate, and consumer loans. The company also offers brokerage services. As of April 24, 2019, it operated through a network of 19 banking offices in the Ohio counties of Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson, and Tuscarawas; and a loan production office in Wheeling, West Virginia.

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