Geode Capital Management LLC Trims Stock Position in United Bancorp, Inc. (NASDAQ:UBCP)

Geode Capital Management LLC trimmed its position in shares of United Bancorp, Inc. (NASDAQ:UBCPFree Report) by 3.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,128 shares of the financial services provider’s stock after selling 2,019 shares during the period. Geode Capital Management LLC owned approximately 0.83% of United Bancorp worth $645,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. BBR Partners LLC purchased a new stake in shares of United Bancorp during the third quarter worth $131,000. Dimensional Fund Advisors LP boosted its stake 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 worth $419,000 after buying an additional 2,575 shares during the period. Finally, Commonwealth Financial Services LLC boosted its stake in shares of United Bancorp by 1.1% during 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. 15.42% of the stock is currently owned by institutional investors and hedge funds.

United Bancorp Price Performance

Shares of UBCP opened at $13.36 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $77.34 million, a price-to-earnings ratio of 9.68 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 firm has a 50-day simple moving average of $13.24 and a 200-day simple moving average of $12.75.

United Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 10th were given a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.72 dividend on an annualized basis and a yield of 5.39%. This is an increase from United Bancorp’s previous quarterly dividend of $0.18. United Bancorp’s dividend payout ratio (DPR) is presently 52.17%.

United Bancorp Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for United Bancorp (NASDAQ:UBCP)

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