United Bancorp (NASDAQ:UBCP) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

United Bancorp, Inc. (NASDAQ:UBCP)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.38 and traded as high as $15.96. United Bancorp shares last traded at $15.96, with a volume of 1,644 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings raised United Bancorp from a “hold (c)” rating to a “buy (b)” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

United Bancorp Price Performance

The company’s 50 day simple moving average is $15.78 and its 200 day simple moving average is $15.38. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market cap of $92.25 million, a P/E ratio of 11.57 and a beta of 0.34.

United Bancorp (NASDAQ:UBCP) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.36 EPS for the quarter. United Bancorp had a return on equity of 11.70% and a net margin of 16.55%.The company had revenue of $8.62 million for the quarter.

Insider Buying and Selling

In related news, CEO Scott A. Everson purchased 2,213 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, with a total value of $33,040.09. Following the completion of the purchase, the chief executive officer owned 143,162 shares in the company, valued at $2,137,408.66. This represents a 1.57% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gary W. Glessner purchased 3,527 shares of United Bancorp stock in a transaction dated Wednesday, May 27th. The stock was bought at an average price of $14.93 per share, with a total value of $52,658.11. Following the acquisition, the director directly owned 108,002 shares of the company’s stock, valued at approximately $1,612,469.86. This trade represents a 3.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 7,295 shares of company stock valued at $108,914. 13.86% of the stock is owned by company insiders.

Institutional Investors Weigh In On United Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Post Resch Tallon Group Inc. lifted its position in United Bancorp by 29.0% in the 2nd quarter. Post Resch Tallon Group Inc. now owns 55,675 shares of the financial services provider’s stock valued at $884,000 after acquiring an additional 12,500 shares in the last quarter. Vawter Financial Ltd. increased its holdings in United Bancorp by 1.9% during the 1st quarter. Vawter Financial Ltd. now owns 36,329 shares of the financial services provider’s stock worth $553,000 after purchasing an additional 671 shares in the last quarter. Commonwealth Financial Services LLC raised its stake 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 valued at $1,329,000 after purchasing an additional 963 shares during the period. Appalachian Capital Management Ltd acquired a new stake in shares of United Bancorp in the 4th quarter valued at about $479,000. Finally, Geode Capital Management LLC raised 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. 15.42% of the stock is currently owned by institutional investors and hedge funds.

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.