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

United Bancorp, Inc. (NASDAQ:UBCP) announced a quarterly dividend on Thursday, April 18th, Zacks reports. Investors of record on Monday, June 10th will be given 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 dividend yield of 5.33%. The ex-dividend date is Monday, June 10th. This is a positive change from United Bancorp’s previous quarterly dividend of $0.17.

United Bancorp has raised its dividend 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 payout ratio of 38.4% meaning its dividend is sufficiently covered by earnings.

United Bancorp Price Performance

NASDAQ:UBCP opened at $13.14 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.55. The company has a market capitalization of $74.90 million, a P/E ratio of 8.37 and a beta of 0.36. United Bancorp has a 12 month low of $9.70 and a 12 month high of $15.50. The business’s 50-day moving average is $12.80 and its 200 day moving average is $11.91.

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

Institutional Investors Weigh In On United Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. raised its position in United Bancorp by 0.9% during the fourth quarter. Advisor Group Holdings Inc. now owns 92,139 shares of the financial services provider’s stock valued at $1,357,000 after purchasing an additional 808 shares during the period. Vanguard Group Inc. raised its position in United Bancorp by 8.9% during the third quarter. Vanguard Group Inc. now owns 74,929 shares of the financial services provider’s stock valued at $1,204,000 after purchasing an additional 6,101 shares during the period. Dimensional Fund Advisors LP raised its position in United Bancorp by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 30,801 shares of the financial services provider’s stock valued at $447,000 after purchasing an additional 1,274 shares during the period. BlackRock Inc. raised its position in 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 purchasing an additional 12,184 shares during the period. Finally, Northern Trust Corp raised its position in 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 purchasing an additional 8,835 shares during the period. 15.42% of the stock is currently owned by hedge funds and other institutional investors.

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.