Wesbanco Bank Inc. Boosts Stake in United Bancorp, Inc. (NASDAQ:UBCP)

Wesbanco Bank Inc. increased its holdings in shares of United Bancorp, Inc. (NASDAQ:UBCP) by 52.9% during the fourth quarter, HoldingsChannel reports. The firm owned 42,055 shares of the financial services provider’s stock after buying an additional 14,550 shares during the period. Wesbanco Bank Inc.’s holdings in United Bancorp were worth $547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Tallon Kerry Patrick bought a new stake in United Bancorp in the 4th quarter worth approximately $584,000. BBR Partners LLC purchased a new position in shares of United Bancorp in the 3rd quarter worth $131,000. Commonwealth Financial Services LLC grew its holdings in shares of United Bancorp by 1.1% in the third quarter. Commonwealth Financial Services LLC now owns 90,209 shares of the financial services provider’s stock worth $1,183,000 after acquiring an additional 988 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in United Bancorp by 8.4% during the second quarter. Dimensional Fund Advisors LP now owns 33,376 shares of the financial services provider’s stock valued at $419,000 after acquiring an additional 2,575 shares during the last quarter. 15.42% of the stock is owned by hedge funds and other institutional investors.

United Bancorp Stock Down 2.1 %

UBCP stock opened at $12.92 on Friday. The business’s 50-day moving average is $13.20 and its two-hundred day moving average is $12.76. The company has a market cap of $74.81 million, a price-to-earnings ratio of 9.36 and a beta of 0.40. United Bancorp, Inc. has a fifty-two week low of $11.40 and a fifty-two week high of $15.50. 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 (NASDAQ:UBCP) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter. The company had revenue of $11.16 million for the quarter. United Bancorp had a net margin of 18.28% and a return on equity of 12.56%.

United Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 10th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 5.57%. This is a positive change from United Bancorp’s previous quarterly dividend of $0.18. The ex-dividend date was Tuesday, December 10th. United Bancorp’s dividend payout ratio is 52.17%.

United Bancorp 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.