United Bancorp, Inc. (NASDAQ:UBCP - Get Free Report) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 7,800 shares, a growth of 23.8% from the December 15th total of 6,300 shares. Based on an average daily trading volume, of 7,800 shares, the short-interest ratio is presently 1.0 days. Approximately 0.2% of the shares of the stock are sold short.
Institutional Trading of United Bancorp
A number of large investors have recently made changes to their positions in UBCP. BBR Partners LLC purchased a new position in United Bancorp in the 3rd quarter valued at about $131,000. Dimensional Fund Advisors LP lifted its stake in shares of United Bancorp by 8.4% during the second quarter. Dimensional Fund Advisors LP now owns 33,376 shares of the financial services provider's stock valued at $419,000 after buying an additional 2,575 shares during the period. Wesbanco Bank Inc. boosted its position in United Bancorp by 52.9% during the fourth quarter. Wesbanco Bank Inc. now owns 42,055 shares of the financial services provider's stock worth $547,000 after acquiring an additional 14,550 shares during the last quarter. Tallon Kerry Patrick purchased a new stake in United Bancorp in the 4th quarter worth approximately $584,000. Finally, Commonwealth Financial Services LLC raised its holdings in United Bancorp by 1.1% in the 3rd quarter. Commonwealth Financial Services LLC now owns 90,209 shares of the financial services provider's stock valued at $1,183,000 after acquiring an additional 988 shares during the last quarter. Institutional investors and hedge funds own 15.42% of the company's stock.
United Bancorp Price Performance
NASDAQ:UBCP traded down $0.02 during mid-day trading on Friday, hitting $12.70. 4,169 shares of the company's stock traded hands, compared to its average volume of 3,797. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $73.53 million, a PE ratio of 9.20 and a beta of 0.40. The firm's 50 day simple moving average is $13.21 and its 200 day simple moving average is $12.75. United Bancorp has a 1 year low of $11.40 and a 1 year high of $15.50.
United Bancorp Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 10th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.67%. This is a boost from United Bancorp's previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Tuesday, December 10th. United Bancorp's payout ratio is 52.17%.
About United Bancorp
(
Get Free Report)
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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