United Bancorp (NASDAQ:UBCP) Releases Quarterly Earnings Results

Key Points

• United Bancorp reported quarterly earnings of $0.33 per share with a total revenue of $7.99 million, indicating a net margin of 16.44% and return on equity of 11.79%.
• The stock price of United Bancorp increased to $14.40, with a market cap of $83.40 million and a price-to-earnings ratio of 11.33.
• Insiders, including Director Brian M. Hendershot and CEO Scott A. Everson, purchased shares of the company, showing confidence in the business and increasing their stakes by 7.61% and 1.59%, respectively.

United Bancorp (NASDAQ:UBCP - Get Free Report) announced its quarterly earnings data on Thursday. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $7.99 million for the quarter. United Bancorp had a net margin of 16.44% and a return on equity of 11.79%.

United Bancorp Price Performance

Shares of NASDAQ:UBCP traded up $0.10 on Wednesday, reaching $14.15. 2,557 shares of the company were exchanged, compared to its average volume of 5,201. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.63. United Bancorp has a 1-year low of $11.40 and a 1-year high of $15.64. The firm has a market cap of $81.91 million, a price-to-earnings ratio of 11.14 and a beta of 0.39. The company has a 50-day moving average of $14.04 and a 200-day moving average of $13.38.

Insider Transactions at United Bancorp

In related news, Director Brian M. Hendershot purchased 2,207 shares of the stock in a transaction dated Thursday, May 22nd. The shares were acquired at an average cost of $13.62 per share, with a total value of $30,059.34. Following the purchase, the director directly owned 31,204 shares in the company, valued at $424,998.48. This trade represents a 7.61% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Gary W. Glessner purchased 3,497 shares of the stock in a transaction dated Thursday, May 22nd. The shares were bought at an average cost of $13.62 per share, for a total transaction of $47,629.14. Following the completion of the purchase, the director owned 100,529 shares in the company, valued at approximately $1,369,204.98. This trade represents a 3.60% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 11,009 shares of company stock valued at $149,943 in the last ninety days. 12.93% of the stock is currently owned by company insiders.

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.