Tallon Kerry Patrick Makes New Investment in United Bancorp, Inc. (NASDAQ:UBCP)

Tallon Kerry Patrick purchased a new position in shares of United Bancorp, Inc. (NASDAQ:UBCP) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 44,100 shares of the financial services provider’s stock, valued at approximately $584,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UBCP. BBR Partners LLC bought a new stake in United Bancorp during the 3rd quarter worth about $131,000. Dimensional Fund Advisors LP lifted 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 valued at $419,000 after purchasing an additional 2,575 shares during the last quarter. Finally, Commonwealth Financial Services LLC lifted its stake in United Bancorp by 1.1% in the 3rd quarter. Commonwealth Financial Services LLC now owns 90,209 shares of the financial services provider’s stock valued at $1,183,000 after purchasing an additional 988 shares during the last quarter. 15.42% of the stock is owned by institutional investors.

United Bancorp Trading Up 0.6 %

Shares of NASDAQ:UBCP opened at $12.72 on Friday. United Bancorp, Inc. has a 52-week low of $11.40 and a 52-week high of $15.50. The company has a market capitalization of $73.65 million, a P/E ratio of 9.22 and a beta of 0.40. The company has a 50-day simple moving average of $13.21 and a 200 day simple moving average of $12.75. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.79 and a current ratio of 0.79.

United Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 10th were paid a $0.18 dividend. This is an increase from United Bancorp’s previous quarterly dividend of $0.18. This represents a $0.72 annualized dividend and a yield of 5.66%. The ex-dividend date was Tuesday, December 10th. United Bancorp’s dividend payout ratio (DPR) is 52.17%.

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.