Wesbanco Bank Inc. Buys 14,550 Shares of United Bancorp, Inc. (NASDAQ:UBCP)

Wesbanco Bank Inc. grew its stake in United Bancorp, Inc. (NASDAQ:UBCP) by 52.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,055 shares of the financial services provider’s stock after purchasing an additional 14,550 shares during the quarter. Wesbanco Bank Inc. owned about 0.73% of United Bancorp worth $547,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of UBCP. Commonwealth Financial Services LLC lifted its holdings in 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 buying an additional 988 shares during the period. Tallon Kerry Patrick purchased a new position in shares of United Bancorp in the 4th quarter valued at approximately $584,000. Dimensional Fund Advisors LP boosted its position in shares of 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 purchasing an additional 2,575 shares in the last quarter. Finally, BBR Partners LLC bought a new position in United Bancorp in the third quarter worth $131,000. 15.42% of the stock is owned by hedge funds and other institutional investors.

United Bancorp Stock Performance

Shares of United Bancorp stock opened at $12.92 on Friday. United Bancorp, Inc. has a 12 month low of $11.40 and a 12 month high of $15.50. The firm has a market capitalization of $74.81 million, a P/E ratio of 9.36 and a beta of 0.40. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.51. The business has a fifty day simple moving average of $13.20 and a two-hundred day simple moving average of $12.76.

United Bancorp (NASDAQ:UBCP) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.31 EPS for the quarter. United Bancorp had a net margin of 18.28% and a return on equity of 12.56%. The business had revenue of $11.16 million for the quarter.

United Bancorp Increases Dividend

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