United Bancorp (NASDAQ:UBCP) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Shares of United Bancorp, Inc. (NASDAQ:UBCP) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.91 and traded as high as $15.70. United Bancorp shares last traded at $15.50, with a volume of 7,777 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of United Bancorp in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

United Bancorp Trading Down 1.3%

The firm has a market capitalization of $89.44 million, a price-to-earnings ratio of 11.57 and a beta of 0.36. The company has a fifty day moving average price of $14.40 and a 200-day moving average price of $13.91. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.49.

United Bancorp (NASDAQ:UBCP) last posted its earnings results on Tuesday, February 3rd. The financial services provider reported $0.35 EPS for the quarter. United Bancorp had a net margin of 16.32% and a return on equity of 12.44%. The company had revenue of $6.89 million during the quarter.

United Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.1925 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This is a positive change from United Bancorp’s previous quarterly dividend of $0.19. This represents a $0.77 annualized dividend and a yield of 5.0%. United Bancorp’s dividend payout ratio (DPR) is currently 56.72%.

Institutional Trading of United Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new stake in shares of United Bancorp during the 2nd quarter worth about $43,000. Osaic Holdings Inc. raised its stake in shares of United Bancorp by 82.4% in the 2nd quarter. Osaic Holdings Inc. now owns 3,035 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 1,371 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in United Bancorp in the 2nd quarter worth approximately $64,000. Citadel Advisors LLC acquired a new stake in United Bancorp in the 3rd quarter worth approximately $151,000. Finally, Appalachian Capital Management Ltd bought a new stake in United Bancorp during the fourth quarter worth approximately $479,000. Institutional investors and hedge funds own 15.42% of the company’s stock.

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.