Gary Glessner Purchases 3,527 Shares of United Bancorp (NASDAQ:UBCP) Stock

United Bancorp, Inc. (NASDAQ:UBCP) Director Gary Glessner acquired 3,527 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were acquired at an average price of $14.93 per share, with a total value of $52,658.11. Following the completion of the transaction, the director directly owned 108,002 shares in the company, valued at approximately $1,612,469.86. This trade represents a 3.38% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

United Bancorp Trading Down 3.6%

Shares of NASDAQ UBCP opened at $15.41 on Friday. United Bancorp, Inc. has a one year low of $12.47 and a one year high of $17.33. The firm has a market capitalization of $89.07 million, a PE ratio of 11.41 and a beta of 0.36. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17. The business has a 50-day moving average price of $15.73 and a two-hundred day moving average price of $14.68.

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

United Bancorp Increases Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Wednesday, June 10th. This is a boost from United Bancorp’s previous quarterly dividend of $0.19. United Bancorp’s dividend payout ratio is 57.04%.

Institutional Investors Weigh In On United Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of United Bancorp by 8.7% during the 3rd quarter. Vanguard Group Inc. now owns 95,346 shares of the financial services provider’s stock worth $1,332,000 after purchasing an additional 7,605 shares in the last quarter. Commonwealth Financial Services LLC raised its stake in shares of United Bancorp by 1.1% during the 1st 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 in the last quarter. Geode Capital Management LLC raised its stake in shares of United Bancorp by 2.0% during the 4th 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 in the last quarter. Vawter Financial Ltd. purchased a new stake in shares of United Bancorp during the 3rd quarter worth about $523,000. Finally, Founders Financial Alliance LLC raised its stake in shares of United Bancorp by 11.3% during the 3rd quarter. Founders Financial Alliance LLC now owns 37,276 shares of the financial services provider’s stock worth $521,000 after purchasing an additional 3,784 shares in the last quarter. 15.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.