United Bancorp (NASDAQ:UBCP) Stock Crosses Below Two Hundred Day Moving Average - Here's Why

Key Points

• United Bancorp's stock price fell below its 200-day moving average of $13.67, hitting a low of $12.61 during trading on Monday.
• The company recently announced a quarterly dividend of $0.1875 per share, with an annualized yield of 5.5%, reflecting a positive change from the previous dividend.
• Institutional investors and hedge funds now own approximately 15.42% of United Bancorp's stock, indicating growing interest among larger financial entities.

United Bancorp, Inc. (NASDAQ:UBCP - Get Free Report) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.67 and traded as low as $12.61. United Bancorp shares last traded at $13.73, with a volume of 7,225 shares.

United Bancorp Trading Up 5.6%

The company has a 50 day moving average of $14.24 and a 200-day moving average of $13.67. 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 stock has a market cap of $79.22 million, a price-to-earnings ratio of 10.81 and a beta of 0.39.

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 (EPS) for the quarter. United Bancorp had a return on equity of 11.96% and a net margin of 16.44%.The firm had revenue of $7.99 million for the quarter.

United Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Wednesday, September 10th were paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend was Wednesday, September 10th. This is a positive change from United Bancorp's previous quarterly dividend of $0.19. United Bancorp's dividend payout ratio is currently 59.06%.

Hedge Funds Weigh In On United Bancorp

Hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in United Bancorp during the 2nd quarter worth about $43,000. Osaic Holdings Inc. increased its holdings in United Bancorp by 82.4% during the 2nd quarter. Osaic Holdings Inc. now owns 3,035 shares of the financial services provider's stock worth $44,000 after purchasing an additional 1,371 shares during the period. Raymond James Financial Inc. purchased a new stake in United Bancorp during the 2nd quarter worth about $64,000. Wealthedge Investment Advisors LLC purchased a new stake in United Bancorp during the 4th quarter worth about $258,000. Finally, Northern Trust Corp increased its holdings in United Bancorp by 40.2% during the 4th quarter. Northern Trust Corp now owns 25,314 shares of the financial services provider's stock worth $329,000 after purchasing an additional 7,264 shares during the period. Institutional investors and hedge funds own 15.42% of the company's stock.

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.

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