United Bancorp, Inc. (UBCP) To Go Ex-Dividend on June 10th

United Bancorp, Inc. (NASDAQ:UBCP) announced a quarterly dividend on Wednesday, April 22nd. Shareholders of record on Wednesday, June 10th will be given a dividend of 0.195 per share by the financial services provider on Friday, June 19th. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Wednesday, June 10th. This is a 1.3% increase from United Bancorp’s previous quarterly dividend of $0.19.

United Bancorp has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 13 years. United Bancorp has a payout ratio of 50.3% meaning its dividend is sufficiently covered by earnings.

United Bancorp Stock Performance

NASDAQ:UBCP opened at $15.90 on Monday. The business’s 50-day moving average price is $15.70 and its two-hundred day moving average price is $14.80. United Bancorp has a twelve month low of $12.47 and a twelve month high of $17.33. The stock has a market cap of $91.90 million, a P/E ratio of 11.78 and a beta of 0.33. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.17.

United Bancorp (NASDAQ:UBCP) last released its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.33 earnings per share for the quarter. The firm 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%.

Insider Activity at United Bancorp

In related news, Director Gary W. Glessner purchased 3,527 shares of United Bancorp stock in a transaction that occurred on Wednesday, May 27th. The shares were acquired at an average cost of $14.93 per share, for a total transaction of $52,658.11. Following the transaction, the director directly owned 108,002 shares in the company, valued at $1,612,469.86. The trade was a 3.38% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Scott A. Everson purchased 2,213 shares of United Bancorp stock in a transaction that occurred on Wednesday, May 27th. The shares were bought at an average price of $14.93 per share, for a total transaction of $33,040.09. Following the completion of the transaction, the chief executive officer owned 143,162 shares in the company, valued at $2,137,408.66. The trade was a 1.57% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have purchased 7,295 shares of company stock worth $108,914. 13.86% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On United Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vawter Financial Ltd. grew its position in shares of United Bancorp by 1.9% in the 1st quarter. Vawter Financial Ltd. now owns 36,329 shares of the financial services provider’s stock worth $553,000 after buying an additional 671 shares during the last quarter. Commonwealth Financial Services LLC grew its position in shares of United Bancorp by 1.1% in the 1st quarter. Commonwealth Financial Services LLC now owns 87,355 shares of the financial services provider’s stock worth $1,329,000 after buying an additional 963 shares during the last quarter. Appalachian Capital Management Ltd purchased a new position in shares of United Bancorp in the 4th quarter valued at approximately $479,000. Geode Capital Management LLC lifted its stake in shares of United Bancorp by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 54,289 shares of the financial services provider’s stock valued at $779,000 after purchasing an additional 1,073 shares during the period. Finally, Citadel Advisors LLC purchased a new position in shares of United Bancorp in the 3rd quarter valued at approximately $151,000. 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.