United Bancorp, Inc. (NASDAQ:UBCP – Get Rating) declared a quarterly dividend on Thursday, November 17th, Zacks reports. Stockholders of record on Friday, December 9th will be paid a dividend of 0.16 per share by the financial services provider on Tuesday, December 20th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date is Thursday, December 8th. This is an increase from United Bancorp's previous quarterly dividend of $0.16.
United Bancorp has raised its dividend payment by an average of 6.3% annually over the last three years and has increased its dividend annually for the last 10 consecutive years. United Bancorp has a dividend payout ratio of 38.1% meaning its dividend is sufficiently covered by earnings.
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United Bancorp Price Performance
Shares of United Bancorp stock opened at $15.64 on Wednesday. The stock has a market cap of $92.43 million, a price-to-earnings ratio of 10.29 and a beta of 0.25. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a 50 day moving average price of $15.26 and a 200-day moving average price of $15.60. United Bancorp has a one year low of $14.35 and a one year high of $20.83.
Hedge Funds Weigh In On United Bancorp
Institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp bought a new stake in shares of United Bancorp during the 2nd quarter worth approximately $167,000. Dimensional Fund Advisors LP lifted its stake in shares of United Bancorp by 8.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 29,439 shares of the financial services provider's stock worth $473,000 after acquiring an additional 2,259 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of United Bancorp by 8.9% during the 3rd quarter. Vanguard Group Inc. now owns 74,929 shares of the financial services provider's stock worth $1,204,000 after acquiring an additional 6,101 shares during the last quarter. Hedge funds and other institutional investors own 8.72% of the company's stock.
United Bancorp Company Profile
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United Bancorp, Inc operates as the bank holding company for Unified Bank that provides commercial and retail banking services in Ohio. It accepts demand, savings, and time deposits, as well as grants commercial, commercial and residential real estate, and consumer loans. As of December 31, 2021, the company operated through a network of banking offices in Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson, and Tuscarawas Counties in Ohio, as well as Marshall and Ohio Counties in West Virginia and the surrounding localities; and a loan production office in Wheeling, West Virginia.
Further Reading
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