United Bancorp (UBCP) Rating Lowered to Sell at ValuEngine

United Bancorp (NASDAQ:UBCP) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Friday.

NASDAQ:UBCP opened at $10.25 on Friday. The company has a market cap of $62.51 million, a price-to-earnings ratio of 10.98 and a beta of 0.11. United Bancorp has a twelve month low of $10.25 and a twelve month high of $14.00. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.58.

United Bancorp (NASDAQ:UBCP) last posted its quarterly earnings results on Thursday, January 31st. The financial services provider reported $0.28 earnings per share for the quarter. The firm had revenue of $6.00 million for the quarter. United Bancorp had a return on equity of 11.79% and a net margin of 17.15%.

In related news, Director John M. Hoopingarner purchased 3,903 shares of the stock in a transaction on Thursday, March 7th. The shares were purchased at an average price of $10.98 per share, with a total value of $42,854.94. Following the transaction, the director now directly owns 39,571 shares of the company’s stock, valued at $434,489.58. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gary W. Glessner purchased 3,974 shares of the stock in a transaction on Monday, February 25th. The shares were bought at an average cost of $11.30 per share, for a total transaction of $44,906.20. Following the transaction, the director now directly owns 42,364 shares in the company, valued at $478,713.20. The disclosure for this purchase can be found here. Insiders have acquired a total of 8,902 shares of company stock worth $99,200 in the last ninety days. Insiders own 8.60% of the company’s stock.

Several large investors have recently bought and sold shares of the business. Wesbanco Bank Inc. increased its position in shares of United Bancorp by 3.4% during the 3rd quarter. Wesbanco Bank Inc. now owns 228,048 shares of the financial services provider’s stock worth $2,998,000 after purchasing an additional 7,577 shares during the last quarter. John W. Rosenthal Capital Management Inc. increased its position in shares of United Bancorp by 60.0% during the 4th quarter. John W. Rosenthal Capital Management Inc. now owns 40,000 shares of the financial services provider’s stock worth $457,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP bought a new position in shares of United Bancorp during the 4th quarter worth approximately $189,000. 12.05% of the stock is currently owned by hedge funds and other institutional investors.

About United Bancorp

United Bancorp, Inc operates as the bank holding company for Unified Bank that provides commercial and retail banking services in Ohio. The company accepts demand, savings, and time deposits, as well as grants commercial, real estate, and consumer loans. It also offers brokerage services. As of February 22, 2018, the company operated 18 banking offices that serve the Ohio Counties of Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson, and Tuscarawas; and a loan production office in Wheeling.

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