United Bancorp (NASDAQ:UBCP) Stock Passes Below 200 Day Moving Average - Here's Why

Key Points

• United Bancorp's stock fell below its 200-day moving average, trading at $13.04 compared to the average of $13.72, with a low of $12.78 reported during trading.
• The company recently increased its quarterly dividend to $0.1875 per share, yielding 5.7%, up from the previous $0.19 dividend.
• Weiss Ratings reissued a "hold (c)" rating for United Bancorp, indicating that the stock currently holds an average rating of "hold" among analysts.

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 $13.72 and traded as low as $12.78. United Bancorp shares last traded at $13.04, with a volume of 2,631 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of United Bancorp in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of "Hold".

United Bancorp Stock Down 0.4%

The company has a debt-to-equity ratio of 1.66, a current ratio of 0.81 and a quick ratio of 0.81. The business's 50 day simple moving average is $13.99 and its 200 day simple moving average is $13.72. The company has a market capitalization of $75.32 million, a PE ratio of 10.27 and a beta of 0.45.

United Bancorp (NASDAQ:UBCP - Get Free Report) last issued its earnings results on Thursday, July 31st. The financial services provider reported $0.33 EPS for the quarter. United Bancorp had a net margin of 16.44% and a return on equity of 11.96%. The company 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. Shareholders of record on Wednesday, September 10th were paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 5.7%. This is a boost from United Bancorp's previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Wednesday, September 10th. United Bancorp's payout ratio is presently 59.06%.

Hedge Funds Weigh In On United Bancorp

Institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new stake in shares of United Bancorp during the second quarter valued at about $43,000. Osaic Holdings Inc. increased its position in shares of United Bancorp by 82.4% during the second quarter. Osaic Holdings Inc. now owns 3,035 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 1,371 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of United Bancorp during the second quarter valued at about $64,000. Post Resch Tallon Group Inc. increased its position in shares of United Bancorp by 3.0% during the first quarter. Post Resch Tallon Group Inc. now owns 45,425 shares of the financial services provider's stock valued at $593,000 after acquiring an additional 1,325 shares during the last quarter. Finally, Commonwealth Financial Services LLC increased its position in shares of United Bancorp by 1.2% during the first 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 during the last quarter. 15.42% of the stock is owned by hedge funds and other institutional investors.

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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