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

Key Points

• United Bancorp shares fell below their 200-day moving average of $15.62, trading as low as $14.26 and last changing hands at $14.31.
• Weiss Ratings downgraded the stock from “buy (b+)” to “hold (c),” while the company has a consensus “Hold” rating from the one analyst covering it.
• The company raised its quarterly dividend to $0.1975, equivalent to $0.79 annually and a 5.5% yield; institutional investors own 15.42% of the stock.

United Bancorp, Inc. (NASDAQ:UBCP - Get Free Report) crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $15.62 and traded as low as $14.26. United Bancorp shares last traded at $14.31, with a volume of 11,052 shares changing hands.

Wall Street Analyst Weigh In

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

United Bancorp Stock Performance

The stock has a 50 day moving average of $15.40 and a 200 day moving average of $15.62. 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 capitalization of $82.14 million, a price-to-earnings ratio of 10.37 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. The business had revenue of $8.62 million for the quarter. United Bancorp had a return on equity of 11.53% and a net margin of 16.55%.

United Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders 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. The ex-dividend date was Thursday, September 10th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 5.5%. United Bancorp's dividend payout ratio is presently 57.25%.

Institutional Investors Weigh In On United Bancorp

A number of institutional investors have recently modified their holdings of the company. Commonwealth Financial Services LLC increased its position in shares of United Bancorp by 1.1% during the first quarter. Commonwealth Financial Services LLC now owns 87,355 shares of the financial services provider's stock worth $1,329,000 after buying an additional 963 shares during the period. Post Resch Tallon Group Inc. lifted its holdings in United Bancorp by 29.0% in 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 buying an additional 12,500 shares during the period. Vawter Financial Ltd. lifted its holdings 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 valued at $553,000 after buying an additional 671 shares during the period. BlackRock Inc. acquired a new position in United Bancorp in the second quarter valued at $464,000. Finally, Susquehanna International Group LLP boosted its position 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 valued at $287,000 after acquiring an additional 1,695 shares during the last quarter. 15.42% of the stock is owned by institutional investors.

United Bancorp Company Profile

United Bancorp, Inc is a bank holding company headquartered in Martins Ferry, Ohio. Through its banking subsidiary, The Citizens Bank, the company provides community banking services to individuals, families, farmers, small businesses and other commercial customers.

The Citizens Bank offers a range of deposit products, including checking, savings, money market accounts and certificates of deposit. Its lending activities include residential and commercial real estate loans, consumer loans, home equity financing, agricultural loans and other business credit products.

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