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 business’s stock in a transaction on Wednesday, May 27th. The shares were purchased at an average price of $14.93 per share, for a total transaction of $52,658.11. Following the transaction, the director directly owned 108,002 shares of the company’s stock, valued at approximately $1,612,469.86. The trade was a 3.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

United Bancorp Trading Up 2.2%

UBCP stock traded up $0.34 during mid-day trading on Thursday, reaching $15.84. 9,674 shares of the stock traded hands, compared to its average volume of 9,908. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.75 and a current ratio of 0.75. United Bancorp, Inc. has a one year low of $12.47 and a one year high of $17.33. The stock has a market capitalization of $91.57 million, a PE ratio of 11.73 and a beta of 0.36. The business has a 50-day moving average price of $15.70 and a two-hundred day moving average price of $14.65.

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

United Bancorp Increases Dividend

The company 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 4.9%. This is a positive change from United Bancorp’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, June 10th. United Bancorp’s dividend payout ratio (DPR) is presently 57.78%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of United Bancorp in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new position in shares of United Bancorp in the second quarter worth about $43,000. Osaic Holdings Inc. grew its holdings in shares of 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 last quarter. Raymond James Financial Inc. bought a new position in shares of United Bancorp in the second quarter worth about $64,000. Citadel Advisors LLC bought a new position in shares of United Bancorp in the third quarter worth about $151,000. Finally, Appalachian Capital Management Ltd bought a new position in shares of United Bancorp in the fourth quarter worth about $479,000. 15.42% of the stock is currently owned by institutional investors.

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.