United Bancorp, Inc. (NASDAQ:UBCP) Short Interest Down 19.4% in August

Key Points

• United Bancorp, Inc. experienced a 19.4% decrease in short interest in August, with a total of 12,900 shares sold short.
• The company recently announced a quarterly dividend increase to $0.1875 per share, resulting in a yield of 5.1% for investors.
• As of the latest trading session, United Bancorp's stock price was $14.60, reflecting a minor decline of 0.3%.

United Bancorp, Inc. (NASDAQ:UBCP - Get Free Report) saw a significant drop in short interest in August. As of August 15th, there was short interest totaling 12,900 shares, adropof19.4% from the July 31st total of 16,000 shares. Based on an average daily trading volume, of 4,100 shares, the days-to-cover ratio is currently 3.1 days. Approximately0.3% of the shares of the company are sold short. Approximately0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 4,100 shares, the days-to-cover ratio is currently 3.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. raised its stake in United Bancorp by 82.4% during the second quarter. Osaic Holdings Inc. now owns 3,035 shares of the financial services provider's stock worth $44,000 after acquiring an additional 1,371 shares in the last quarter. Raymond James Financial Inc. acquired a new position in United Bancorp during the second quarter worth about $64,000. Russell Investments Group Ltd. acquired a new position in United Bancorp during the second quarter worth about $43,000. Commonwealth Financial Services LLC raised its stake in United Bancorp by 2.3% during the second quarter. Commonwealth Financial Services LLC now owns 84,356 shares of the financial services provider's stock worth $1,265,000 after acquiring an additional 1,894 shares in the last quarter. Finally, Post Resch Tallon Group Inc. raised its stake in United Bancorp by 3.0% during the first quarter. Post Resch Tallon Group Inc. now owns 45,425 shares of the financial services provider's stock worth $593,000 after acquiring an additional 1,325 shares in the last quarter. Institutional investors and hedge funds own 15.42% of the company's stock.

United Bancorp Stock Down 0.3%

UBCP opened at $14.60 on Tuesday. United Bancorp has a fifty-two week low of $11.70 and a fifty-two week high of $15.64. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $84.24 million, a P/E ratio of 11.50 and a beta of 0.39. The stock has a fifty day moving average of $14.31 and a 200-day moving average of $13.63.

United Bancorp (NASDAQ:UBCP - Get Free Report) last posted its earnings results on Thursday, July 31st. The financial services provider reported $0.33 earnings per share for the quarter. United Bancorp had a return on equity of 11.96% and a net margin of 16.44%.The company had revenue of $7.99 million during the quarter.

United Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Wednesday, September 10th will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 5.1%. This is a boost from United Bancorp's previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, September 10th. United Bancorp's payout ratio is presently 58.27%.

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.

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