United Bancorp, Inc. (NASDAQ:UBCP) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC trimmed its holdings in shares of United Bancorp, Inc. (NASDAQ:UBCP) by 3.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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’s holdings in United Bancorp were worth $645,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. BBR Partners LLC purchased a new position in shares of United Bancorp during the 3rd quarter worth approximately $131,000. Dimensional Fund Advisors LP boosted its holdings in shares of United Bancorp by 8.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 33,376 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 2,575 shares during the last quarter. Finally, Commonwealth Financial Services LLC boosted its holdings in shares of United Bancorp by 1.1% in the 3rd quarter. Commonwealth Financial Services LLC now owns 90,209 shares of the financial services provider’s stock valued at $1,183,000 after purchasing an additional 988 shares during the last quarter. 15.42% of the stock is owned by hedge funds and other institutional investors.

United Bancorp Stock Performance

NASDAQ:UBCP opened at $13.36 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $77.34 million, a price-to-earnings ratio of 9.68 and a beta of 0.40. The firm’s fifty day simple moving average is $13.24 and its 200 day simple moving average is $12.75. United Bancorp, Inc. has a twelve month low of $11.40 and a twelve month high of $15.50.

United Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 10th were issued a dividend of $0.18 per share. This is a positive change from United Bancorp’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.72 annualized dividend and a dividend yield of 5.39%. United Bancorp’s payout ratio is presently 52.17%.

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 provides range of banking and financial services, which includes accepting demand, savings, and time deposits. It also offers commercial, real estate and consumer loans.