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

United Bancorp, Inc. (NASDAQ:UBCP)’s share price crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $15.62 and traded as low as $14.26. United Bancorp shares last traded at $14.31, with a volume of 11,052 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of United Bancorp from a “buy (b+)” rating to a “hold (c)” rating in a research note on Tuesday, September 22nd. One research analyst has rated the stock with a Hold rating. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

United Bancorp Stock Down 4.4%

The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $80.36 million, a PE ratio of 10.14 and a beta of 0.31. The firm has a 50-day moving average of $15.38 and a two-hundred day moving average of $15.60.

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

United Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Thursday, September 10th were paid a $0.1975 dividend. This is an increase from United Bancorp’s previous quarterly dividend of $0.1950. This represents a $0.79 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Thursday, September 10th. United Bancorp’s payout ratio is presently 57.25%.

Institutional Investors Weigh In On United Bancorp

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

United Bancorp Company Profile

United Bancorp, Inc is a bank holding company headquartered in Martins Ferry, Ohio. Through its banking subsidiary, The Citizens Bank, the company provides community banking services to individuals, families, farmers, small businesses and other commercial customers.

The Citizens Bank offers a range of deposit products, including checking, savings, money market accounts and certificates of deposit. Its lending activities include residential and commercial real estate loans, consumer loans, home equity financing, agricultural loans and other business credit products.