United Bancorp, Inc. (NASDAQ:UBCP) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 2,500 shares, a decrease of 16.7% from the December 15th total of 3,000 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 4,600 shares, the short-interest ratio is currently 0.5 days.
Separately, ValuEngine cut United Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, December 24th.
UBCP stock traded down $0.14 during midday trading on Tuesday, hitting $14.06. The stock had a trading volume of 400 shares, compared to its average volume of 3,300. The firm has a market cap of $85.93 million, a price-to-earnings ratio of 12.43 and a beta of 0.16. The business has a 50-day moving average of $13.77 and a two-hundred day moving average of $12.10. United Bancorp has a 52-week low of $10.25 and a 52-week high of $15.56. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.79 and a quick ratio of 0.79.
The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 10th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.98%. This is a boost from United Bancorp’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, December 9th.
About United Bancorp
United Bancorp, Inc operates as the bank holding company for Unified Bank that provides commercial and retail banking services in Ohio. It accepts demand, savings, and time deposits, as well as grants commercial, real estate, and consumer loans. The company also offers brokerage services. As of April 24, 2019, it operated through a network of 19 banking offices in the Ohio counties of Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson, and Tuscarawas; and a loan production office in Wheeling, West Virginia.
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