Wealthedge Investment Advisors LLC Purchases New Shares in United Bancorp, Inc. (NASDAQ:UBCP)

Wealthedge Investment Advisors LLC acquired a new stake in shares of United Bancorp, Inc. (NASDAQ:UBCP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,021 shares of the financial services provider's stock, valued at approximately $258,000. Wealthedge Investment Advisors LLC owned 0.35% of United Bancorp as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Northern Trust Corp lifted its stake in shares of United Bancorp by 40.2% during the fourth quarter. Northern Trust Corp now owns 25,314 shares of the financial services provider's stock valued at $329,000 after buying an additional 7,264 shares during the period. Founders Financial Alliance LLC raised its stake in United Bancorp by 11.0% during the fourth quarter. Founders Financial Alliance LLC now owns 36,642 shares of the financial services provider's stock worth $476,000 after purchasing an additional 3,633 shares during the period. Dimensional Fund Advisors LP raised its stake 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 purchasing an additional 2,125 shares during the period. Finally, Tallon Kerry Patrick purchased a new position in United Bancorp during the fourth quarter worth approximately $584,000. Hedge funds and other institutional investors own 15.42% of the company's stock.

Insiders Place Their Bets

In other United Bancorp news, Director Brian M. Hendershot acquired 2,207 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was bought at an average price of $13.62 per share, with a total value of $30,059.34. Following the completion of the transaction, the director now directly owns 31,204 shares of the company's stock, valued at approximately $424,998.48. The trade was a 7.61% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary W. Glessner acquired 3,497 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was acquired at an average cost of $13.62 per share, with a total value of $47,629.14. Following the transaction, the director now directly owns 100,529 shares of the company's stock, valued at approximately $1,369,204.98. This represents a 3.60% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 11,009 shares of company stock valued at $149,943 over the last quarter. Company insiders own 12.93% of the company's stock.

United Bancorp Trading Down 1.0%

NASDAQ:UBCP traded down $0.14 during trading hours on Monday, reaching $13.75. 1,640 shares of the company were exchanged, compared to its average volume of 6,640. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market cap of $79.64 million, a price-to-earnings ratio of 10.82 and a beta of 0.34. United Bancorp, Inc. has a 52-week low of $11.40 and a 52-week high of $14.78. The stock has a 50 day simple moving average of $13.04 and a 200 day simple moving average of $13.12.

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

United Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.185 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.74 dividend on an annualized basis and a yield of 5.38%. This is an increase from United Bancorp's previous quarterly dividend of $0.18. United Bancorp's dividend payout ratio (DPR) is currently 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.