United Bancorp (NASDAQ:UBCP) Stock Price Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• United Bancorp shares moved above their 200-day moving average, reaching $15.98 before closing at $15.59, compared with the $15.46 average.
• Weiss Ratings upgraded the stock from “buy (b)” to “buy (b+),” while the sole analyst covering the company maintains a Buy rating.
• Insiders purchased 7,295 shares worth approximately $108,914 over the past 90 days, and institutional investors—including BlackRock—also increased or initiated positions.

United Bancorp, Inc. (NASDAQ:UBCP - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.46 and traded as high as $15.98. United Bancorp shares last traded at $15.59, with a volume of 5,397 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded United Bancorp from a "buy (b)" rating to a "buy (b+)" rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy".

United Bancorp Price Performance

The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.17. The stock has a market cap of $90.11 million, a P/E ratio of 11.30 and a beta of 0.34. The business's 50-day simple moving average is $15.76 and its two-hundred day simple moving average is $15.46.

United Bancorp (NASDAQ:UBCP - Get Free Report) last posted its earnings results on Friday, July 24th. The financial services provider reported $0.36 earnings per share for the quarter. United Bancorp had a net margin of 16.55% and a return on equity of 11.70%. The firm had revenue of $8.62 million during the quarter.

Insider Activity at United Bancorp

In other United Bancorp news, Director Gary W. Glessner acquired 3,527 shares of United Bancorp stock in a transaction that occurred on Wednesday, May 27th. The stock was acquired at an average cost of $14.93 per share, for a total transaction of $52,658.11. Following the purchase, the director owned 108,002 shares of the company's stock, valued at approximately $1,612,469.86. This represents a 3.38% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott A. Everson bought 2,213 shares of the stock in a transaction on Wednesday, May 27th. The shares were acquired at an average cost of $14.93 per share, for a total transaction of $33,040.09. Following the acquisition, the chief executive officer directly owned 143,162 shares in the company, valued at approximately $2,137,408.66. This trade represents a 1.57% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders purchased 7,295 shares of company stock valued at $108,914. 13.86% of the stock is owned by insiders.

Hedge Funds Weigh In On United Bancorp

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in United Bancorp during the 2nd quarter worth about $464,000. Post Resch Tallon Group Inc. grew its holdings in United Bancorp by 29.0% during the 2nd quarter. Post Resch Tallon Group Inc. now owns 55,675 shares of the financial services provider's stock valued at $884,000 after buying an additional 12,500 shares in the last quarter. Vawter Financial Ltd. increased its position in shares of United Bancorp by 1.9% during the first quarter. Vawter Financial Ltd. now owns 36,329 shares of the financial services provider's stock valued at $553,000 after buying an additional 671 shares during the period. Commonwealth Financial Services LLC increased its position in shares of United Bancorp by 1.1% during the first quarter. Commonwealth Financial Services LLC now owns 87,355 shares of the financial services provider's stock valued at $1,329,000 after buying an additional 963 shares during the period. Finally, Appalachian Capital Management Ltd bought a new stake in shares of United Bancorp during the fourth quarter valued at about $479,000. 15.42% of the stock is currently owned by hedge funds and other institutional investors.

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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