Commonwealth Financial Services LLC Purchases 988 Shares of United Bancorp, Inc. (NASDAQ:UBCP)

Commonwealth Financial Services LLC boosted its position in shares of United Bancorp, Inc. (NASDAQ:UBCP) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,209 shares of the financial services provider’s stock after acquiring an additional 988 shares during the period. Commonwealth Financial Services LLC owned 1.52% of United Bancorp worth $1,183,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Koss Olinger Consulting LLC purchased a new position in shares of United Bancorp during the 2nd quarter valued at $293,000. Dimensional Fund Advisors LP increased its stake in United Bancorp by 8.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 33,376 shares of the financial services provider’s stock worth $419,000 after acquiring an additional 2,575 shares during the last quarter. Finally, Vawter Financial Ltd. purchased a new stake in shares of United Bancorp in the 2nd quarter valued at about $457,000. Institutional investors own 15.42% of the company’s stock.

United Bancorp Price Performance

Shares of NASDAQ UBCP traded up $0.13 during midday trading on Thursday, hitting $13.06. 8,232 shares of the company’s stock were exchanged, compared to its average volume of 5,404. The business’s fifty day moving average price is $12.49 and its two-hundred day moving average price is $12.45. The company has a market cap of $77.71 million, a price-to-earnings ratio of 8.77 and a beta of 0.41. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.63. United Bancorp, Inc. has a 12-month low of $9.70 and a 12-month high of $15.50.

United Bancorp (NASDAQ:UBCP) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.30 EPS for the quarter. United Bancorp had a net margin of 19.85% and a return on equity of 14.19%. The firm had revenue of $7.39 million for the quarter.

United Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.1775 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.71 annualized dividend and a yield of 5.44%. This is a positive change from United Bancorp’s previous quarterly dividend of $0.18. United Bancorp’s payout ratio is 47.65%.

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. 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.