United Bancorp, Inc. (NASDAQ:UBCP – Get Rating) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 10,700 shares, an increase of 20.2% from the November 30th total of 8,900 shares. Approximately 0.2% of the company's shares are short sold. Based on an average trading volume of 3,400 shares, the short-interest ratio is currently 3.1 days.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. State Street Corp purchased a new position in United Bancorp during the 2nd quarter valued at about $167,000. Dimensional Fund Advisors LP lifted its position in United Bancorp by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 27,168 shares of the financial services provider's stock valued at $490,000 after acquiring an additional 617 shares during the period. Finally, Vanguard Group Inc. lifted its position in United Bancorp by 8.9% during the 3rd quarter. Vanguard Group Inc. now owns 74,929 shares of the financial services provider's stock valued at $1,204,000 after acquiring an additional 6,101 shares during the period. 8.79% of the stock is owned by hedge funds and other institutional investors.
Get United Bancorp alerts:United Bancorp Trading Up 1.4 %
Shares of NASDAQ:UBCP traded up $0.20 on Friday, hitting $14.72. The company had a trading volume of 578 shares, compared to its average volume of 4,522. The firm's 50-day simple moving average is $15.03 and its two-hundred day simple moving average is $15.47. United Bancorp has a 1 year low of $14.35 and a 1 year high of $20.83. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $87.00 million, a price-to-earnings ratio of 9.68 and a beta of 0.25.
United Bancorp (NASDAQ:UBCP – Get Rating) last posted its earnings results on Tuesday, November 1st. The financial services provider reported $0.40 EPS for the quarter. United Bancorp had a net margin of 29.10% and a return on equity of 14.26%. The firm had revenue of $7.41 million during the quarter.United Bancorp Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 20th. Stockholders of record on Friday, December 9th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 4.35%. This is a boost from United Bancorp's previous quarterly dividend of $0.16. The ex-dividend date was Thursday, December 8th. United Bancorp's dividend payout ratio (DPR) is currently 42.11%.
About United Bancorp
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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.
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