United Bancorp, Inc. (NASDAQ:UBCP) Short Interest Update

United Bancorp, Inc. (NASDAQ:UBCP) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 29,200 shares, an increase of 198.0% from the December 15th total of 9,800 shares. Based on an average daily volume of 5,700 shares, the short-interest ratio is presently 5.1 days. Currently, 0.6% of the shares of the company are sold short.

Institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in shares of United Bancorp by 12.8% during the second quarter. Dimensional Fund Advisors LP now owns 26,329 shares of the financial services provider’s stock worth $386,000 after purchasing an additional 2,988 shares during the last quarter. Geode Capital Management LLC grew its position in United Bancorp by 19.1% during the third quarter. Geode Capital Management LLC now owns 50,199 shares of the financial services provider’s stock valued at $720,000 after buying an additional 8,038 shares during the period. Renaissance Technologies LLC grew its position in United Bancorp by 29.7% during the third quarter. Renaissance Technologies LLC now owns 20,500 shares of the financial services provider’s stock valued at $293,000 after buying an additional 4,700 shares during the period. Morgan Stanley grew its position in United Bancorp by 83.8% during the first quarter. Morgan Stanley now owns 13,675 shares of the financial services provider’s stock valued at $196,000 after buying an additional 6,233 shares during the period. Finally, Advisor Group Holdings Inc. grew its position in United Bancorp by 1.7% during the third quarter. Advisor Group Holdings Inc. now owns 90,550 shares of the financial services provider’s stock valued at $1,295,000 after buying an additional 1,554 shares during the period. 10.29% of the stock is owned by hedge funds and other institutional investors.

Shares of United Bancorp stock opened at $17.67 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a fifty day moving average price of $15.99 and a 200 day moving average price of $15.03. United Bancorp has a 1 year low of $12.73 and a 1 year high of $20.83. The stock has a market cap of $105.62 million, a PE ratio of 10.58 and a beta of 0.43.

United Bancorp (NASDAQ:UBCP) last issued its earnings results on Monday, November 15th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter. United Bancorp had a net margin of 31.13% and a return on equity of 14.04%. The firm had revenue of $7.89 million during the quarter.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 20th. Investors of record on Friday, December 10th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend was Thursday, December 9th. This is a boost from United Bancorp’s previous quarterly dividend of $0.15. United Bancorp’s dividend payout ratio (DPR) is 35.93%.

About United Bancorp

United Bancorp, Inc is bank holding company, which engages in the provision of commercial and retail banking in Belmont, Harrison, Jefferson, Tuscarawas, Carroll, Athens, Hocking, and Fairfield counties through its subsidiary, United Bank. It provides a range of banking and financial services, including accepting demand, savings and time deposits and granting commercial, real estate, and consumer loans.

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