United Bancorp (NASDAQ:UBCP) Releases Quarterly Earnings Results

Key Points

• United Bancorp reported quarterly earnings of $0.33 EPS, with a return on equity of 12.05% and a net margin of 16.32%.
• Dividend increased to $0.195 quarterly (annualized $0.78) for a 4.8% yield, payable June 19 to shareholders of record June 10, with a payout ratio around 57.5%.
• The stock rose 1.9% to $16.31 on light volume, trades at a P/E of 12.17 and a market capitalization of about $94 million, with a 12‑month range of $12.25–$17.33.

United Bancorp (NASDAQ:UBCP - Get Free Report) released its quarterly earnings results on Thursday. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, Zacks reports. United Bancorp had a return on equity of 12.05% and a net margin of 16.32%.

United Bancorp Stock Up 1.9%

United Bancorp stock traded up $0.31 during mid-day trading on Thursday, reaching $16.31. The company's stock had a trading volume of 1,419 shares, compared to its average volume of 24,125. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.80 and a current ratio of 0.80. United Bancorp has a 12 month low of $12.25 and a 12 month high of $17.33. The business's 50 day simple moving average is $15.74 and its 200 day simple moving average is $14.45. The company has a market capitalization of $93.95 million, a price-to-earnings ratio of 12.17 and a beta of 0.36.

United Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Wednesday, June 10th will be given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 4.8%. This is an increase from United Bancorp's previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, June 10th. United Bancorp's payout ratio is 57.46%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of United Bancorp in a report on Monday, April 20th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, United Bancorp currently has a consensus rating of "Hold".

Hedge Funds Weigh In On United Bancorp

A number of large investors have recently modified their holdings of UBCP. Vanguard Group Inc. increased its position in shares of United Bancorp by 8.7% in the third quarter. Vanguard Group Inc. now owns 95,346 shares of the financial services provider's stock valued at $1,332,000 after acquiring an additional 7,605 shares during the last quarter. Geode Capital Management LLC raised its holdings in 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 acquiring an additional 1,073 shares in the last quarter. Appalachian Capital Management Ltd acquired a new position in United Bancorp during the fourth quarter valued at approximately $479,000. Citadel Advisors LLC acquired a new position in United Bancorp during the third quarter valued at approximately $151,000. Finally, Raymond James Financial Inc. bought a new position in United Bancorp in the second quarter valued at approximately $64,000. 15.42% of the stock is currently owned by institutional investors and hedge funds.

United Bancorp Company Profile

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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