United Bancorp (NASDAQ:UBCP) Stock Crosses Below 200 Day Moving Average - Time to Sell?

Key Points

• United Bancorp shares fell below their 200-day moving average, trading as low as $14.29 versus the $15.68 average, and last changing hands at $14.79 on relatively light volume.
• Weiss Ratings downgraded the stock from “buy (b+)” to “hold (c),” while the broader analyst consensus remains Hold.
• The company increased its quarterly dividend to $0.1975 per share, equivalent to an annualized $0.79 payout and a 5.3% dividend yield; its latest quarter included $0.36 in EPS and $8.62 million in revenue.

United Bancorp, Inc. (NASDAQ:UBCP - Get Free Report) shares passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $15.68 and traded as low as $14.29. United Bancorp shares last traded at $14.79, with a volume of 5,843 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of United Bancorp from a "buy (b+)" rating to a "hold (c)" rating in a research report on Tuesday, September 22nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, United Bancorp presently has a consensus rating of "Hold".

United Bancorp Trading Up 3.4%

The business has a 50 day moving average of $15.54 and a 200-day moving average of $15.68. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $84.89 million, a P/E ratio of 10.72 and a beta of 0.31.

United Bancorp (NASDAQ:UBCP - Get Free Report) last announced its earnings results on Friday, July 24th. The financial services provider reported $0.36 EPS for the quarter. United Bancorp had a net margin of 16.55% and a return on equity of 11.53%. The firm had revenue of $8.62 million for the quarter.

United Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Thursday, September 10th were issued a dividend of $0.1975 per share. The ex-dividend date was Thursday, September 10th. This is a positive change from United Bancorp's previous quarterly dividend of $0.1950. This represents a $0.79 dividend on an annualized basis and a dividend yield of 5.3%. United Bancorp's dividend payout ratio (DPR) is 57.25%.

Hedge Funds Weigh In On United Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UBCP. Raffles Associates LP bought a new position in United Bancorp during the 2nd quarter worth about $281,000. Susquehanna International Group LLP lifted its holdings in shares of United Bancorp by 10.4% in the second quarter. Susquehanna International Group LLP now owns 18,063 shares of the financial services provider's stock valued at $287,000 after purchasing an additional 1,695 shares in the last quarter. BlackRock Inc. acquired a new position in shares of United Bancorp during the second quarter worth about $464,000. Vawter Financial Ltd. boosted its position 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 worth $553,000 after buying an additional 671 shares during the period. Finally, Post Resch Tallon Group Inc. boosted its position 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 worth $884,000 after buying an additional 12,500 shares during the period. 15.42% of the stock is owned by institutional investors and hedge funds.

About United Bancorp

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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