Wesbanco Bank Inc. increased its position in United Bancorp, Inc. (NASDAQ:UBCP – Get Rating) by 53.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,957 shares of the financial services provider’s stock after purchasing an additional 10,465 shares during the quarter. Wesbanco Bank Inc. owned approximately 0.51% of United Bancorp worth $441,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of UBCP. State Street Corp bought a new stake in shares of United Bancorp in the 2nd quarter valued at about $167,000. Dimensional Fund Advisors LP raised its holdings in shares of United Bancorp by 8.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 29,439 shares of the financial services provider’s stock valued at $473,000 after purchasing an additional 2,259 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of United Bancorp by 8.9% in the 3rd quarter. Vanguard Group Inc. now owns 74,929 shares of the financial services provider’s stock valued at $1,204,000 after purchasing an additional 6,101 shares during the period. 8.79% of the stock is owned by institutional investors.
United Bancorp Stock Down 0.8 %
Shares of UBCP stock opened at $14.71 on Tuesday. The stock has a market cap of $86.94 million, a price-to-earnings ratio of 9.74 and a beta of 0.22. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.74 and a current ratio of 0.74. United Bancorp, Inc. has a 52-week low of $12.01 and a 52-week high of $20.71. The firm’s 50-day moving average is $14.51 and its 200-day moving average is $15.02.
United Bancorp Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 20th. Shareholders of record on Friday, March 10th were issued a $0.1625 dividend. This is a boost from United Bancorp’s previous quarterly dividend of $0.16. This represents a $0.65 annualized dividend and a yield of 4.42%. The ex-dividend date was Thursday, March 9th. United Bancorp’s dividend payout ratio is currently 43.05%.
About United Bancorp
United Bancorp, Inc is bank holding company, which engages in the provision of commercial and retail banking in Belmont, Harrison, Jefferson, Tuscarawas, Carroll, Athens, Hocking, and Fairfield counties through its subsidiary, United Bank. It provides a range of banking and financial services, including accepting demand, savings and time deposits and granting commercial, real estate, and consumer loans.
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