Insider Buying: United Bancorp, Inc. (NASDAQ:UBCP) Director Acquires 927 Shares of Stock

United Bancorp, Inc. (NASDAQ:UBCP - Get Free Report) Director John M. Hoopingarner purchased 927 shares of United Bancorp stock in a transaction that occurred on Thursday, May 22nd. The shares were acquired at an average price of $13.62 per share, with a total value of $12,625.74. Following the acquisition, the director now directly owns 44,461 shares of the company's stock, valued at $605,558.82. This trade represents a 2.13% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

United Bancorp Stock Performance

United Bancorp stock traded up $0.22 during midday trading on Friday, reaching $13.73. 4,218 shares of the company's stock were exchanged, compared to its average volume of 6,652. United Bancorp, Inc. has a 52 week low of $11.40 and a 52 week high of $14.78. 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 firm has a market cap of $79.52 million, a price-to-earnings ratio of 10.81 and a beta of 0.34. The stock's 50-day simple moving average is $12.98 and its 200 day simple moving average is $13.08.

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. 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 business 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 an increase 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 dividend yield of 5.39%. United Bancorp's payout ratio is presently 59.68%.

Institutional Trading of United Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth Financial Services LLC boosted its holdings in shares of United Bancorp by 1.2% during the 1st quarter. Commonwealth Financial Services LLC now owns 82,462 shares of the financial services provider's stock worth $1,107,000 after buying an additional 1,005 shares during the period. Post Resch Tallon Group Inc. increased its stake in shares of United Bancorp by 3.0% during the first quarter. Post Resch Tallon Group Inc. now owns 45,425 shares of the financial services provider's stock worth $593,000 after purchasing an additional 1,325 shares during the period. Wealthedge Investment Advisors LLC bought a new position in shares of United Bancorp during the fourth quarter worth approximately $258,000. Northern Trust Corp increased 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 worth $329,000 after purchasing an additional 7,264 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of United Bancorp by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 40,956 shares of the financial services provider's stock valued at $528,000 after acquiring an additional 2,125 shares during the period. 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.