United Bancorp (NASDAQ:UBCP) Raised to “Hold” at ValuEngine

United Bancorp (NASDAQ:UBCP) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, ValuEngine reports.

NASDAQ UBCP opened at $11.50 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.33. The firm has a market cap of $66.11 million, a price-to-earnings ratio of 11.19 and a beta of 0.14. United Bancorp has a 52 week low of $10.25 and a 52 week high of $14.00.

United Bancorp (NASDAQ:UBCP) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.28 EPS for the quarter. The company had revenue of $6.05 million during the quarter. United Bancorp had a net margin of 17.76% and a return on equity of 11.82%.

In other United Bancorp news, Director Gary W. Glessner bought 2,700 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was acquired at an average cost of $11.50 per share, for a total transaction of $31,050.00. Following the completion of the transaction, the director now owns 50,140 shares in the company, valued at $576,610. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 10.50% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP bought a new stake in shares of United Bancorp during the fourth quarter worth $189,000. Kennedy Capital Management Inc. lifted its position in shares of United Bancorp by 21.1% during the first quarter. Kennedy Capital Management Inc. now owns 78,218 shares of the financial services provider’s stock worth $849,000 after purchasing an additional 13,620 shares during the last quarter. Finally, Wesbanco Bank Inc. lifted its position in shares of United Bancorp by 0.5% during the first quarter. Wesbanco Bank Inc. now owns 230,149 shares of the financial services provider’s stock worth $2,498,000 after purchasing an additional 1,241 shares during the last quarter. Institutional investors and hedge funds own 11.59% 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. It accepts demand, savings, and time deposits, as well as grants commercial, real estate, and consumer loans. The company also offers brokerage services. As of April 24, 2019, it operated through a network of 19 banking offices in the Ohio counties of Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson, and Tuscarawas; and a loan production office in Wheeling, West Virginia.

Featured Story: How do taxes affect a CDs total return?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for United Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.