United Bancorp (NASDAQ:UBCP) Posts 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) released its quarterly earnings data on Thursday. The financial services provider reported $0.33 EPS for the quarter, Zacks reports. The business 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 Stock Performance

Shares of UBCP stock traded up $0.34 during trading hours on Friday, hitting $14.40. The company's stock had a trading volume of 561 shares, compared to its average volume of 1,905. The company has a 50 day moving average of $14.01 and a 200 day moving average of $13.35. The stock has a market cap of $83.40 million, a PE ratio of 11.33 and a beta of 0.36. 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 12-month low of $11.40 and a 12-month high of $15.64.

Insider Activity

In other news, Director Brian M. Hendershot purchased 2,207 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were purchased at an average cost of $13.62 per share, with a total value of $30,059.34. Following the completion of the acquisition, the director owned 31,204 shares of the company's stock, valued at approximately $424,998.48. This represents a 7.61% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott A. Everson purchased 2,197 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were purchased at an average cost of $13.62 per share, for a total transaction of $29,923.14. Following the completion of the acquisition, the chief executive officer directly owned 140,807 shares of the company's stock, valued at $1,917,791.34. This represents a 1.59% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 11,009 shares of company stock valued at $149,943 in the last ninety days. Insiders own 12.93% 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.

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