Insider Buying: United Bancorp, Inc. (NASDAQ:UBCP) CFO Acquires 1,006 Shares of Stock

United Bancorp, Inc. (NASDAQ:UBCP - Get Free Report) CFO Randall M. Greenwood acquired 1,006 shares of the stock in a transaction on Thursday, May 22nd. The shares were acquired at an average price of $13.62 per share, with a total value of $13,701.72. Following the purchase, the chief financial officer now owns 81,837 shares in the company, valued at $1,114,619.94. This represents a 1.24% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

United Bancorp Stock Up 0.3%

NASDAQ:UBCP opened at $13.54 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $78.45 million, a price-to-earnings ratio of 10.66 and a beta of 0.34. United Bancorp, Inc. has a one year low of $11.40 and a one year high of $14.78. The stock has a 50-day simple moving average of $12.96 and a 200 day simple moving average of $13.07.

United Bancorp (NASDAQ:UBCP - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The financial services provider reported $0.32 earnings per share for the quarter. United Bancorp had a return on equity of 11.73% and a net margin of 16.83%. The business 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 issued a dividend of $0.185 per share. This is a boost from United Bancorp's previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.74 annualized dividend and a yield of 5.47%. United Bancorp's payout ratio is presently 59.68%.

Institutional Trading of United Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Tallon Kerry Patrick bought a new stake in United Bancorp during the fourth quarter worth approximately $584,000. Wealthedge Investment Advisors LLC acquired a new position in shares of United Bancorp during the 4th quarter valued at about $258,000. Wesbanco Bank Inc. grew its stake in United Bancorp by 52.9% in the 4th quarter. Wesbanco Bank Inc. now owns 42,055 shares of the financial services provider's stock valued at $547,000 after buying an additional 14,550 shares during the last quarter. Northern Trust Corp boosted its stake in United Bancorp by 40.2% during the 4th 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 period. Finally, Founders Financial Alliance LLC raised its holdings in United Bancorp by 11.0% in the 4th quarter. Founders Financial Alliance LLC now owns 36,642 shares of the financial services provider's stock valued at $476,000 after acquiring an additional 3,633 shares in the last quarter. Institutional investors own 15.42% of the company's stock.

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.

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