United Bancorp, Inc. (NASDAQ:UBCP) Declares $0.18 Quarterly Dividend

United Bancorp, Inc. (NASDAQ:UBCP) announced a quarterly dividend on Thursday, April 18th, Zacks reports. Shareholders of record on Monday, June 10th will be paid a dividend of 0.175 per share by the financial services provider on Thursday, June 20th. This represents a $0.70 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date is Monday, June 10th.

United Bancorp has raised its dividend payment by an average of 5.3% per year over the last three years and has raised its dividend annually for the last 1 consecutive years. United Bancorp has a dividend payout ratio of 38.4% indicating that its dividend is sufficiently covered by earnings.

United Bancorp Price Performance

Shares of UBCP opened at $13.14 on Friday. The stock has a market cap of $74.90 million, a PE ratio of 8.37 and a beta of 0.36. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.81 and a current ratio of 0.81. United Bancorp has a fifty-two week low of $9.70 and a fifty-two week high of $15.50. The firm’s 50-day simple moving average is $12.80 and its two-hundred day simple moving average is $11.91.

United Bancorp (NASDAQ:UBCP) last announced its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $0.42 earnings per share for the quarter. The business had revenue of $7.53 million for the quarter. United Bancorp had a net margin of 21.88% and a return on equity of 15.32%.

Institutional Investors Weigh In On United Bancorp

A number of institutional investors have recently made changes to their positions in the company. Northern Trust Corp grew its holdings in shares of United Bancorp by 82.8% during the fourth quarter. Northern Trust Corp now owns 19,508 shares of the financial services provider’s stock valued at $250,000 after buying an additional 8,835 shares during the last quarter. BlackRock Inc. grew its holdings in shares of United Bancorp by 108.0% during the second quarter. BlackRock Inc. now owns 23,464 shares of the financial services provider’s stock valued at $281,000 after buying an additional 12,184 shares during the last quarter. HBK Sorce Advisory LLC purchased a new stake in United Bancorp in the first quarter worth approximately $261,000. Dimensional Fund Advisors LP boosted its holdings in United Bancorp by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 30,801 shares of the financial services provider’s stock worth $447,000 after purchasing an additional 1,274 shares during the last quarter. Finally, Founders Financial Alliance LLC boosted its holdings in United Bancorp by 4.3% in the fourth quarter. Founders Financial Alliance LLC now owns 18,486 shares of the financial services provider’s stock worth $272,000 after purchasing an additional 762 shares during the last quarter. Hedge funds and other institutional investors own 15.42% of the company’s stock.

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. It provides range of banking and financial services, which includes accepting demand, savings, and time deposits; and offers commercial, real estate and consumer loans.