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

United Bancorp, Inc. (NASDAQ:UBCP) announced a quarterly dividend on Thursday, April 18th, Zacks reports. Shareholders 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 annualized dividend and a yield of 5.33%. The ex-dividend date is Monday, June 10th.

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% indicating that its dividend is sufficiently covered by earnings.

United Bancorp Trading Up 1.0 %

UBCP opened at $13.14 on Friday. United Bancorp has a 1-year low of $9.70 and a 1-year high of $15.50. 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 cap of $74.90 million, a P/E ratio of 8.37 and a beta of 0.36. The company has a fifty day moving average price of $12.80 and a two-hundred day moving average price of $11.91.

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

Institutional Investors Weigh In On United Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in UBCP. BlackRock Inc. increased its position in shares of United Bancorp by 108.0% during the second quarter. BlackRock Inc. now owns 23,464 shares of the financial services provider’s stock worth $281,000 after acquiring an additional 12,184 shares in the last quarter. HBK Sorce Advisory LLC bought a new stake in shares of United Bancorp during the first quarter worth about $261,000. Northern Trust Corp bought a new stake in shares of United Bancorp during the second quarter worth about $130,000. State Street Corp bought a new stake in shares of United Bancorp during the second quarter worth about $167,000. Finally, Vanguard Group Inc. increased its position in shares of United Bancorp by 8.9% during the third quarter. Vanguard Group Inc. now owns 74,929 shares of the financial services provider’s stock worth $1,204,000 after acquiring an additional 6,101 shares in the last quarter. 15.42% of the stock is owned by institutional investors.

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 provides range of banking and financial services, which includes accepting demand, savings, and time deposits; and offers commercial, real estate and consumer loans.