United Bancorp, Inc. (NASDAQ:UBCP) CEO Scott A. Everson Acquires 2,197 Shares

United Bancorp, Inc. (NASDAQ:UBCP - Get Free Report) CEO Scott A. Everson acquired 2,197 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were acquired at an average cost of $13.62 per share, with a total value of $29,923.14. Following the transaction, the chief executive officer now owns 140,807 shares in the company, valued at approximately $1,917,791.34. The trade was a 1.59% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

United Bancorp Stock Performance

NASDAQ UBCP traded up $0.05 during trading hours on Tuesday, reaching $13.66. The company's stock had a trading volume of 1,933 shares, compared to its average volume of 5,520. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.51. The business has a 50-day simple moving average of $13.00 and a 200 day simple moving average of $13.09. United Bancorp, Inc. has a 52 week low of $11.40 and a 52 week high of $14.78. The stock has a market cap of $79.15 million, a PE ratio of 10.76 and a beta of 0.34.

United Bancorp (NASDAQ:UBCP - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $7.53 million for the quarter. United Bancorp had a return on equity of 11.73% and a net margin of 16.83%.

United Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders 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 5.42%. United Bancorp's payout ratio is 59.68%.

Hedge Funds Weigh In On United Bancorp

Several institutional investors have recently modified their holdings of the company. Tallon Kerry Patrick bought a new stake in United Bancorp in the 4th quarter valued at about $584,000. Wealthedge Investment Advisors LLC acquired a new stake in shares of United Bancorp in the fourth quarter valued at approximately $258,000. Wesbanco Bank Inc. increased its stake in shares of United Bancorp by 52.9% in the fourth quarter. Wesbanco Bank Inc. now owns 42,055 shares of the financial services provider's stock valued at $547,000 after purchasing an additional 14,550 shares during the period. Northern Trust Corp raised its holdings 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 valued at $329,000 after buying an additional 7,264 shares during the last quarter. Finally, Founders Financial Alliance LLC raised its holdings in shares of United Bancorp by 11.0% during the fourth quarter. Founders Financial Alliance LLC now owns 36,642 shares of the financial services provider's stock valued at $476,000 after buying an additional 3,633 shares during the last quarter. Institutional investors own 15.42% of the company's stock.

About United Bancorp

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.