Insider Buying: United Bancorp (NASDAQ:UBCP) Director Buys $17,542.75 in Stock

United Bancorp, Inc. (NASDAQ:UBCP) Director Bethany Schunn acquired 1,175 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were purchased at an average cost of $14.93 per share, for a total transaction of $17,542.75. Following the completion of the acquisition, the director owned 20,457 shares in the company, valued at $305,423.01. This represents a 6.09% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

United Bancorp Stock Performance

Shares of NASDAQ UBCP opened at $15.41 on Friday. The stock has a market cap of $89.07 million, a price-to-earnings 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. United Bancorp, Inc. has a 1-year low of $12.47 and a 1-year high of $17.33. The stock’s 50-day moving average is $15.73 and its 200 day moving average is $14.68.

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

United Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Wednesday, June 10th will be given a $0.195 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 5.1%. This is an increase from United Bancorp’s previous quarterly dividend of $0.19. United Bancorp’s dividend payout ratio is 57.04%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On United Bancorp

A number of large investors have recently made changes to their positions in UBCP. Russell Investments Group Ltd. purchased a new stake in United Bancorp in the second quarter worth $43,000. Raymond James Financial Inc. purchased a new stake in United Bancorp in the second quarter worth $64,000. Osaic Holdings Inc. grew its stake in United Bancorp by 82.4% in the second quarter. Osaic Holdings Inc. now owns 3,035 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 1,371 shares during the period. Vanguard Group Inc. grew its stake in United Bancorp by 8.7% in the third 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 during the period. Finally, Founders Financial Alliance LLC grew its stake in United Bancorp by 11.3% in the third 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 during the period. 15.42% 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. 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.