United Bancorp, Inc. (NASDAQ:UBCP - Get Free Report) was the target of a large growth in short interest in May. As of May 15th, there was short interest totalling 7,700 shares, a growth of 26.2% from the April 30th total of 6,100 shares. Based on an average daily volume of 6,100 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.2% of the shares of the stock are sold short.
Insider Buying and Selling
In other news, Director Gary W. Glessner bought 3,497 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average price of $13.62 per share, for a total transaction of $47,629.14. Following the transaction, the director now directly owns 100,529 shares of the company's stock, valued at $1,369,204.98. This trade represents a 3.60% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Scott A. Everson bought 2,197 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were purchased at an average price of $13.62 per share, with a total value of $29,923.14. Following the transaction, the chief executive officer now directly owns 140,807 shares in the company, valued at $1,917,791.34. This represents a 1.59% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 11,009 shares of company stock worth $149,943 in the last quarter. 12.93% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On United Bancorp
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Financial Services LLC increased its position in United Bancorp by 1.2% in the 1st quarter. Commonwealth Financial Services LLC now owns 82,462 shares of the financial services provider's stock valued at $1,107,000 after acquiring an additional 1,005 shares in the last quarter. Post Resch Tallon Group Inc. boosted its stake in shares of United Bancorp by 3.0% in the 1st quarter. Post Resch Tallon Group Inc. now owns 45,425 shares of the financial services provider's stock valued at $593,000 after purchasing an additional 1,325 shares during the last quarter. Wealthedge Investment Advisors LLC bought a new position in shares of United Bancorp in the 4th quarter valued at about $258,000. Northern Trust Corp boosted its stake in shares of United Bancorp by 40.2% in the 4th quarter. Northern Trust Corp now owns 25,314 shares of the financial services provider's stock valued at $329,000 after purchasing an additional 7,264 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of United Bancorp by 5.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 40,956 shares of the financial services provider's stock valued at $528,000 after purchasing an additional 2,125 shares during the last quarter. Institutional investors and hedge funds own 15.42% of the company's stock.
United Bancorp Price Performance
Shares of United Bancorp stock traded up $0.01 during mid-day trading on Friday, reaching $13.64. 4,483 shares of the stock were exchanged, compared to its average volume of 6,623. The company has a market cap of $79.03 million, a price-to-earnings ratio of 10.74 and a beta of 0.35. 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 firm has a 50-day simple moving average of $13.06 and a 200 day simple moving average of $13.14. United Bancorp has a fifty-two week low of $11.40 and a fifty-two week high of $14.78.
United Bancorp (NASDAQ:UBCP - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The financial services provider reported $0.32 earnings per share for the quarter. The firm had revenue of $7.53 million during the quarter. United Bancorp had a net margin of 16.83% and a return on equity of 11.73%.
United Bancorp Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Tuesday, June 10th will be given a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 5.43%. The ex-dividend date of this dividend is Tuesday, June 10th. This is a boost from United Bancorp's previous quarterly dividend of $0.18. United Bancorp's dividend payout ratio (DPR) is presently 59.68%.
About United Bancorp
(
Get Free Report)
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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