United Bancorp, Inc. (NASDAQ:UBCP) Sees Significant Drop in Short Interest

United Bancorp, Inc. (NASDAQ:UBCP - Get Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 3,500 shares, a drop of 20.5% from the April 30th total of 4,400 shares. Currently, 0.1% of the company's shares are short sold. Based on an average daily volume of 4,000 shares, the short-interest ratio is presently 0.9 days.

United Bancorp Trading Down 1.0 %

United Bancorp stock traded down $0.12 during midday trading on Friday, hitting $12.04. 1,915 shares of the stock were exchanged, compared to its average volume of 3,625. United Bancorp has a fifty-two week low of $9.70 and a fifty-two week high of $15.50. The stock has a market capitalization of $71.64 million, a price-to-earnings ratio of 7.57 and a beta of 0.40. The stock's 50-day simple moving average is $13.05 and its 200 day simple moving average is $12.36. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.56.

United Bancorp (NASDAQ:UBCP - Get Free Report) last announced its quarterly earnings results on Thursday, May 9th. The financial services provider reported $0.35 earnings per share for the quarter. United Bancorp had a net margin of 21.47% and a return on equity of 15.23%. The business had revenue of $6.98 million during the quarter.

United Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, June 10th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date of this dividend is Monday, June 10th. United Bancorp's dividend payout ratio is presently 43.40%.

Institutional Investors Weigh In On United Bancorp

A number of institutional investors have recently made changes to their positions in the stock. Wesbanco Bank Inc. increased its position in shares of United Bancorp by 90.4% during the first quarter. Wesbanco Bank Inc. now owns 47,083 shares of the financial services provider's stock valued at $681,000 after acquiring an additional 22,357 shares during the last quarter. Founders Financial Alliance LLC increased its position in shares of United Bancorp by 26.0% during the fourth quarter. Founders Financial Alliance LLC now owns 32,053 shares of the financial services provider's stock valued at $412,000 after acquiring an additional 6,622 shares during the last quarter. Finally, Vantage Financial Partners LLC boosted its stake in shares of United Bancorp by 26.4% in the fourth quarter. Vantage Financial Partners LLC now owns 44,270 shares of the financial services provider's stock valued at $564,000 after purchasing an additional 9,258 shares during the period. 15.42% of the stock is currently owned by institutional investors and hedge funds.

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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