United Bancorp (NASDAQ:UBCP) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

United Bancorp, Inc. (NASDAQ:UBCP)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.68 and traded as low as $15.35. United Bancorp shares last traded at $15.35, with a volume of 22,359 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded United Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, United Bancorp has a consensus rating of “Buy”.

United Bancorp Stock Performance

The stock has a market cap of $91.78 million, a P/E ratio of 11.59 and a beta of 0.32. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.76 and a quick ratio of 0.76. The company has a 50 day simple moving average of $15.61 and a 200-day simple moving average of $15.69.

United Bancorp (NASDAQ:UBCP) last issued its earnings results on Friday, July 24th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter. United Bancorp had a net margin of 16.55% and a return on equity of 11.53%. The business had revenue of $8.62 million during the quarter.

United Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Thursday, September 10th will be paid a $0.1975 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Thursday, September 10th. This is an increase from United Bancorp’s previous quarterly dividend of $0.20. United Bancorp’s dividend payout ratio is 57.25%.

Hedge Funds Weigh In On United Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raffles Associates LP purchased a new position in shares of United Bancorp in the 2nd quarter valued at approximately $281,000. Susquehanna International Group LLP increased its holdings in shares of United Bancorp by 10.4% during the 2nd quarter. Susquehanna International Group LLP now owns 18,063 shares of the financial services provider’s stock valued at $287,000 after purchasing an additional 1,695 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of United Bancorp during the 2nd quarter valued at about $464,000. Vawter Financial Ltd. increased its position in shares of United Bancorp by 1.9% in the first quarter. Vawter Financial Ltd. now owns 36,329 shares of the financial services provider’s stock valued at $553,000 after buying an additional 671 shares in the last quarter. Finally, Post Resch Tallon Group Inc. lifted its holdings in United Bancorp by 29.0% during the second quarter. Post Resch Tallon Group Inc. now owns 55,675 shares of the financial services provider’s stock valued at $884,000 after purchasing an additional 12,500 shares in the last quarter. Institutional investors own 15.42% of the company’s stock.

About United Bancorp

United Bancorp, Inc is a bank holding company headquartered in Martins Ferry, Ohio. Through its wholly owned subsidiary, Unified Bank, the company provides community banking services to individuals, families, businesses and public-sector organizations.

Unified Bank offers a range of traditional banking products, including checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer loans, business financing and agricultural loans. The bank also provides electronic banking, cash-management and other financial services designed to support personal and business customers.

United Bancorp serves communities in eastern Ohio and the Northern Panhandle of West Virginia through a network of banking offices.