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

Key Points

• United Bancorp shares fell below their 200-day moving average, trading as low as $15.17 versus the $15.71 average, while volume remained light at 7,280 shares.
• Weiss Ratings downgraded the stock from “buy (b+)” to “hold (c),” and the sole analyst covering United Bancorp also rates it Hold.
• Despite the technical weakness, the company reported $0.36 in quarterly EPS, an $8.62 million revenue, and raised its quarterly dividend to $0.1975, equating to a 5.2% annualized yield.

United Bancorp, Inc. (NASDAQ:UBCP - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $15.71 and traded as low as $15.17. United Bancorp shares last traded at $15.18, with a volume of 7,280 shares changing hands.

Wall Street Analysts Forecast Growth

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

United Bancorp Stock Down 1.1%

The firm has a market cap of $87.06 million, a P/E ratio of 11.00 and a beta of 0.32. The company's 50-day simple moving average is $15.65 and its 200 day simple moving average is $15.71. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.76 and a quick ratio of 0.76.

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

United Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Thursday, September 10th were given a $0.1975 dividend. This is an increase from United Bancorp's previous quarterly dividend of $0.1950. This represents a $0.79 annualized dividend and a yield of 5.2%. The ex-dividend date was Thursday, September 10th. United Bancorp's dividend payout ratio (DPR) is 57.25%.

Institutional Investors Weigh In On United Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Financial Services LLC boosted its holdings in shares of United Bancorp by 1.1% in the 1st quarter. Commonwealth Financial Services LLC now owns 87,355 shares of the financial services provider's stock worth $1,329,000 after purchasing an additional 963 shares during the period. Post Resch Tallon Group Inc. raised its holdings in United Bancorp by 29.0% during the 2nd quarter. Post Resch Tallon Group Inc. now owns 55,675 shares of the financial services provider's stock valued at $884,000 after buying an additional 12,500 shares during the period. Vawter Financial Ltd. lifted its position in United Bancorp by 1.9% in 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 last quarter. BlackRock Inc. bought a new stake in United Bancorp in the second quarter worth $464,000. Finally, Susquehanna International Group LLP boosted its stake in United Bancorp by 10.4% during the second quarter. Susquehanna International Group LLP now owns 18,063 shares of the financial services provider's stock worth $287,000 after buying an additional 1,695 shares during the period. 15.42% of the stock is currently owned by hedge funds and other institutional investors.

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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