United Bancorp, Inc. (NASDAQ:UBCP) Declares Dividend Increase - $0.19 Per Share
United Bancorp, Inc. (NASDAQ:UBCP) announced a quarterly dividend increase to $0.19 per share, representing a 1.3% rise from the previous dividend. The dividend will be paid on December 19th to shareholders of record as of December 10th, with a yield of 5.9%. The company has consistently increased its dividend annually for 13 years, with a payout ratio of 48.4%. United Bancorp's stock traded down 0.7% to $12.98, with a market cap of $74.92 million.
United Bancorp, Inc. (NASDAQ:UBCP - Get Free Report) declared a quarterly dividend on Thursday, November 20th. Investors of record on Wednesday, December 10th will be paid a dividend of 0.19 per share by the financial services provider on Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Wednesday, December 10th. This is a 1.3% increase from United Bancorp's previous quarterly dividend of $0.19.
United Bancorp has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 13 years. United Bancorp has a payout ratio of 48.4% indicating that its dividend is sufficiently covered by earnings.
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United Bancorp Trading Down 0.7%
United Bancorp stock traded down $0.10 during mid-day trading on Friday, hitting $12.98. The company's stock had a trading volume of 2,355 shares, compared to its average volume of 4,685. The business has a 50 day moving average price of $13.31 and a 200-day moving average price of $13.73. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.81 and a quick ratio of 0.81. United Bancorp has a 12 month low of $12.25 and a 12 month high of $15.64. The stock has a market cap of $74.92 million, a price-to-earnings ratio of 10.22 and a beta of 0.43.
United Bancorp (NASDAQ:UBCP - Get Free Report) last announced its quarterly earnings data on Friday, November 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter. United Bancorp had a return on equity of 11.96% and a net margin of 16.44%.The firm had revenue of $8.08 million for the quarter.
Institutional Trading of United Bancorp
Several large investors have recently modified their holdings of UBCP. Vawter Financial Ltd. purchased a new position in United Bancorp during the 3rd quarter valued at about $523,000. Citadel Advisors LLC purchased a new stake in United Bancorp in the 3rd quarter worth approximately $151,000. Vanguard Group Inc. grew its position in shares of United Bancorp by 8.7% in the 3rd quarter. Vanguard Group Inc. now owns 95,346 shares of the financial services provider's stock worth $1,332,000 after buying an additional 7,605 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of United Bancorp during the second quarter valued at approximately $64,000. Finally, Founders Financial Alliance LLC increased its stake in shares of United Bancorp by 11.3% during the third quarter. Founders Financial Alliance LLC now owns 37,276 shares of the financial services provider's stock valued at $521,000 after buying an additional 3,784 shares during the period. 15.42% of the stock is owned by institutional investors.
United Bancorp Company Profile
(Get Free Report)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.
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