United Bancorp, Inc. (NASDAQ:UBCP) Plans Dividend Increase - $0.20 Per Share

Key Points

• Dividend increase: United Bancorp declared a quarterly dividend of $0.195 per share, payable June 19 to holders of record June 10 (ex-dividend June 10), a 1.3% rise from $0.19 and an annualized yield of about 4.8%.
• Dividend sustainability and history: the bank has raised its dividend annually for 13 consecutive years and carries a dividend payout ratio of 49.7%, suggesting the payout is reasonably covered by earnings.
• Company financials: United Bancorp has a market capitalization of roughly $93.6 million, a P/E of 12.13, and reported $0.35 EPS for the most recent quarter with a net margin of 16.3%.

United Bancorp, Inc. (NASDAQ:UBCP - Get Free Report) declared a quarterly dividend on Thursday, April 23rd. Shareholders of record on Wednesday, June 10th will be given a dividend of 0.195 per share by the financial services provider on Friday, June 19th. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Wednesday, June 10th. This is a 1.3% increase from United Bancorp's previous quarterly dividend of $0.19.

United Bancorp has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 13 consecutive years. United Bancorp has a dividend payout ratio of 49.7% meaning its dividend is sufficiently covered by earnings.

United Bancorp Price Performance

Shares of United Bancorp stock opened at $16.25 on Friday. The stock has a market capitalization of $93.60 million, a price-to-earnings ratio of 12.13 and a beta of 0.34. The firm's 50-day moving average price is $15.49 and its two-hundred day moving average price is $14.28. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.40. United Bancorp has a 1-year low of $12.25 and a 1-year high of $17.33.

United Bancorp (NASDAQ:UBCP - Get Free Report) last posted its earnings results on Tuesday, February 3rd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter. United Bancorp had a net margin of 16.32% and a return on equity of 12.05%. The company had revenue of $8.19 million during the quarter.

Hedge Funds Weigh In On United Bancorp

Several institutional investors have recently modified their holdings of the stock. Appalachian Capital Management Ltd bought a new position in United Bancorp during the 4th quarter worth approximately $479,000. Geode Capital Management LLC boosted its position in shares of United Bancorp by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 54,289 shares of the financial services provider's stock worth $779,000 after purchasing an additional 1,073 shares in the last quarter. Commonwealth Financial Services LLC increased its position in shares of United Bancorp by 1.2% in the 4th quarter. Commonwealth Financial Services LLC now owns 86,392 shares of the financial services provider's stock valued at $1,240,000 after buying an additional 1,013 shares in the last quarter. Citadel Advisors LLC acquired a new stake in United Bancorp during the 3rd quarter worth $151,000. Finally, Vawter Financial Ltd. bought a new position in United Bancorp during the third quarter worth about $523,000. 15.42% of the stock is currently owned by institutional investors and hedge funds.

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. United Bancorp, Inc was founded in 1902 and is headquartered in Martins Ferry, Ohio.

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