United Bancorp (NASDAQ:UBCP) Share Price Passes Below 200-Day Moving Average - Here's What Happened

Key Points

• United Bancorp shares fell below their 200-day moving average, trading as low as $15.35 versus the $15.68 average, with the stock down about 1%.
• The company reported quarterly EPS of $0.36 on $8.62 million in revenue, while Weiss Ratings upgraded the stock to “buy (b+).”
• United Bancorp announced a quarterly dividend of $0.1975, equal to $0.79 annually and a 5.1% yield; institutional investors own 15.42% of the company.

Shares of United Bancorp, Inc. (NASDAQ:UBCP - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.68 and traded as low as $15.35. United Bancorp shares last traded at $15.35, with a volume of 22,359 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of United Bancorp from a "buy (b)" rating to a "buy (b+)" rating in a research note on Friday, August 7th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy".

United Bancorp Stock Down 1.0%

The firm has a fifty day moving average price of $15.61 and a 200 day moving average price of $15.68. 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 cap of $88.11 million, a P/E ratio of 11.12 and a beta of 0.32.

United Bancorp (NASDAQ:UBCP - Get Free Report) last released its quarterly earnings results on Friday, July 24th. The financial services provider reported $0.36 earnings per share (EPS) 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 business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Thursday, September 10th will be paid a $0.1975 dividend. This is a boost from United Bancorp's previous quarterly dividend of $0.20. This represents a $0.79 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Thursday, September 10th. United Bancorp's payout ratio is presently 57.25%.

Institutional Trading of United Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP raised its position in United Bancorp by 10.4% in the 2nd 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 during the last quarter. BlackRock Inc. acquired a new stake in shares of United Bancorp in the 2nd quarter valued at $464,000. Raffles Associates LP bought a new stake in shares of United Bancorp during the second quarter worth $281,000. Post Resch Tallon Group Inc. lifted its stake in shares of United Bancorp by 29.0% during the second quarter. Post Resch Tallon Group Inc. now owns 55,675 shares of the financial services provider's stock valued at $884,000 after acquiring an additional 12,500 shares during the period. Finally, Vawter Financial Ltd. lifted its stake in shares of United Bancorp by 1.9% during the first quarter. Vawter Financial Ltd. now owns 36,329 shares of the financial services provider's stock valued at $553,000 after acquiring an additional 671 shares during the period. Institutional investors and hedge funds own 15.42% of the company's stock.

United Bancorp Company Profile

United Bancorp, Inc is a bank holding company headquartered in Martins Ferry, Ohio. Through its wholly owned subsidiary, Unified Bank, the company provides community banking services to individuals, families, businesses and public-sector organizations.

Unified Bank offers a range of traditional banking products, including checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer loans, business financing and agricultural loans. The bank also provides electronic banking, cash-management and other financial services designed to support personal and business customers.

United Bancorp serves communities in eastern Ohio and the Northern Panhandle of West Virginia through a network of banking offices.

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