Shares are trading at $13.13 marginally over $12.19, the 50 day moving average and which is just a bit higher than the 200 day moving average of $11.94. The 50 day moving average was up $0.93 whereas the 200 day average was up by +9.933%. Trading volume for United Bancorp, Inc. was 4,863 in the last trading session. Shares saw a steep increase in trading volume of 56.07% over the normal average daily volume.
Investors are more bullish on the company lately if you put credence in the decrease in short interest. The company saw a fall in short interest from September 29, 2017 to October 13, 2017 of -63.39%. Short shares decreased from 3,466 to 1,269 over that period. The short-interest ratio decreased to 0.0 and the short interest percentage is 0.00% as of October 13.
Here are a few substantial investment firms who have updated their positions. Morgan Stanley added to its position by buying 1,425 shares an increase of 71.3% in the quarter. Morgan Stanley controls 3,425 shares valued at $42,000. The total value of its holdings increased 68.0%. Blackrock Inc. cut its investment by shedding 1,299 shares a decrease of 60.9% from 03/31/2017 to 06/30/2017. Blackrock Inc. owns 833 shares with a value of $10,000. The value of the position overall is down by 61.5%.
As of the end of the quarter Tower Research Capital LLC (trc) had sold 21 shares trimming its stake by 27.3%. The value of the total investment in United Bancorp, Inc. went from $1,000 to $1,000 decreasing 0.0% quarter to quarter. As of quarter end Commonwealth Financial Services, LLC had acquired a total of 623 shares growing its holdings by 1.1%. The value of the company’s investment in United Bancorp, Inc. decreased from $701,000 to $673,000 a change of 4.0% since the last quarter.
The company is trading up by 3.31% since yesterday’s close of $13.12. The company also declared a dividend paid on Wednesday the 20th of September 2017. The dividend payment was $0.120 per share for the quarter which is $0.48 annualized. The dividend yield was $3.78. The ex-dividend date was set for Thursday the 7th of September 2017.
The most current P/E ratio is 17.979 and the market cap of the company is 64.08M.
United Bancorp, Inc., launched on July 8, 1983, is a bank holding company. The Company has one subsidiary bank, The Citizens Savings Bank, Martins Ferry, Ohio (the Bank). The Bank operates two divisions for marketing purposes, The Community Bank, a division of The Citizens Savings Bank, and The Citizens Bank, a division of The Citizens Savings Bank. The Bank serves customers in northeastern, eastern, southeastern and south central Ohio and is involved in the business of commercial and retail banking in Belmont, Harrison, Jefferson, Tuscarawas, Carroll, Athens, Hocking, and Fairfield counties and the surrounding localities. The Bank provides a range of banking and financial services, which includes accepting demand, savings and time deposits and granting commercial, real estate and consumer loans. The Bank offers brokerage service through LPL Financial member National Association Of Securities Dealers/Securities Investor Protection Corporation (NASD/SIPC)..