Wealthedge Investment Advisors LLC Makes New $258,000 Investment in United Bancorp, Inc. (NASDAQ:UBCP)

Wealthedge Investment Advisors LLC purchased a new stake in United Bancorp, Inc. (NASDAQ:UBCP - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,021 shares of the financial services provider's stock, valued at approximately $258,000. Wealthedge Investment Advisors LLC owned about 0.35% of United Bancorp at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Northern Trust Corp grew its position in shares of United Bancorp by 40.2% in the fourth quarter. Northern Trust Corp now owns 25,314 shares of the financial services provider's stock valued at $329,000 after purchasing an additional 7,264 shares during the last quarter. Founders Financial Alliance LLC grew its position in shares of United Bancorp by 11.0% in the fourth quarter. Founders Financial Alliance LLC now owns 36,642 shares of the financial services provider's stock valued at $476,000 after purchasing an additional 3,633 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in United Bancorp by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 40,956 shares of the financial services provider's stock worth $528,000 after acquiring an additional 2,125 shares during the last quarter. Finally, Tallon Kerry Patrick acquired a new stake in United Bancorp during the fourth quarter worth approximately $584,000. 15.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Scott A. Everson purchased 2,197 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were bought at an average price of $13.62 per share, with a total value of $29,923.14. Following the completion of the purchase, the chief executive officer now directly owns 140,807 shares in the company, valued at approximately $1,917,791.34. This trade represents a 1.59% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gary W. Glessner purchased 3,497 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were bought at an average cost of $13.62 per share, for a total transaction of $47,629.14. Following the purchase, the director now owns 100,529 shares of the company's stock, valued at $1,369,204.98. This trade represents a 3.60% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 11,009 shares of company stock worth $149,943. 12.93% of the stock is owned by insiders.

United Bancorp Trading Down 0.3%

NASDAQ UBCP traded down $0.04 during mid-day trading on Friday, reaching $13.78. 1,123 shares of the stock were exchanged, compared to its average volume of 6,642. United Bancorp, Inc. has a 1-year low of $11.40 and a 1-year high of $14.78. The business's fifty day simple moving average is $13.03 and its 200 day simple moving average is $13.10. The stock has a market capitalization of $79.84 million, a PE ratio of 10.85 and a beta of 0.34. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.79 and a current ratio of 0.79.

United Bancorp (NASDAQ:UBCP - Get Free Report) last announced its earnings results on Friday, May 9th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter. United Bancorp had a net margin of 16.83% and a return on equity of 11.73%. The firm had revenue of $7.53 million for the quarter.

United Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, June 10th will be given a dividend of $0.185 per share. The ex-dividend date is Tuesday, June 10th. This represents a $0.74 dividend on an annualized basis and a yield of 5.37%. This is a positive change from United Bancorp's previous quarterly dividend of $0.18. United Bancorp's dividend payout ratio (DPR) is 59.68%.

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.