United Bancorp (NASDAQ:UBCP) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

United Bancorp, Inc. (NASDAQ:UBCP)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.46 and traded as high as $15.98. United Bancorp shares last traded at $15.59, with a volume of 5,397 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings raised United Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

United Bancorp Stock Performance

The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $89.30 million, a price-to-earnings ratio of 11.20 and a beta of 0.34. The firm has a 50-day simple moving average of $15.75 and a two-hundred day simple moving average of $15.46.

United Bancorp (NASDAQ:UBCP) last released its quarterly earnings results on Friday, July 24th. The financial services provider reported $0.36 earnings per share for the quarter. United Bancorp had a net margin of 16.55% and a return on equity of 11.53%. The business had revenue of $8.62 million for the quarter.

Insiders Place Their Bets

In other United Bancorp news, Director Gary W. Glessner bought 3,527 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was purchased at an average price of $14.93 per share, for a total transaction of $52,658.11. Following the purchase, the director directly owned 108,002 shares in the company, valued at $1,612,469.86. This trade represents a 3.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott A. Everson acquired 2,213 shares of United Bancorp stock in a transaction dated Wednesday, May 27th. The stock was acquired at an average cost of $14.93 per share, with a total value of $33,040.09. Following the completion of the transaction, the chief executive officer directly owned 143,162 shares of the company’s stock, valued at $2,137,408.66. This trade represents a 1.57% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 7,295 shares of company stock valued at $108,914 over the last 90 days. 13.86% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On United Bancorp

Several hedge funds have recently made changes to their positions in UBCP. Raffles Associates LP acquired a new stake in shares of United Bancorp during the 2nd quarter worth approximately $281,000. BlackRock Inc. bought a new position in United Bancorp during the second quarter worth about $464,000. Post Resch Tallon Group Inc. boosted its holdings in United Bancorp by 29.0% during the second quarter. Post Resch Tallon Group Inc. now owns 55,675 shares of the financial services provider’s stock valued at $884,000 after purchasing an additional 12,500 shares in the last quarter. Vawter Financial Ltd. boosted its holdings in United Bancorp by 1.9% during the first quarter. Vawter Financial Ltd. now owns 36,329 shares of the financial services provider’s stock valued at $553,000 after purchasing an additional 671 shares in the last quarter. Finally, Commonwealth Financial Services LLC grew its stake in shares of United Bancorp by 1.1% in the 1st quarter. Commonwealth Financial Services LLC now owns 87,355 shares of the financial services provider’s stock valued at $1,329,000 after purchasing an additional 963 shares during the period. Institutional investors own 15.42% of the company’s stock.

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. United Bancorp, Inc was founded in 1902 and is headquartered in Martins Ferry, Ohio.