United Bancorp (NASDAQ:UBCP) Posts Earnings Results

United Bancorp (NASDAQ:UBCP) released its quarterly earnings results on Thursday. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, Zacks reports. United Bancorp had a return on equity of 11.89% and a net margin of 16.29%.The firm had revenue of $7.94 million for the quarter.

United Bancorp Stock Performance

NASDAQ UBCP traded down $0.31 on Friday, hitting $16.00. 3,159 shares of the company’s stock were exchanged, compared to its average volume of 23,845. The firm has a market cap of $92.16 million, a price-to-earnings ratio of 11.85 and a beta of 0.36. The firm’s 50-day moving average price is $15.74 and its two-hundred day moving average price is $14.45. United Bancorp has a fifty-two week low of $12.25 and a fifty-two week high of $17.33. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.80 and a quick ratio of 0.80.

United Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 4.9%. The ex-dividend date is Wednesday, June 10th. This is a positive change from United Bancorp’s previous quarterly dividend of $0.19. United Bancorp’s payout ratio is presently 57.46%.

Institutional Trading of United Bancorp

Several hedge funds have recently modified their holdings of UBCP. Appalachian Capital Management Ltd acquired a new stake in shares of United Bancorp in the 4th quarter valued at approximately $479,000. Citadel Advisors LLC acquired a new stake in shares of United Bancorp in the 3rd quarter valued at approximately $151,000. Vanguard Group Inc. lifted its holdings in shares of United Bancorp by 8.7% in the 3rd quarter. Vanguard Group Inc. now owns 95,346 shares of the financial services provider’s stock valued at $1,332,000 after buying an additional 7,605 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of United Bancorp in the 2nd quarter valued at approximately $64,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of United Bancorp in the 2nd quarter valued at approximately $43,000. 15.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

United Bancorp Company Profile

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.