United Bancorp, Inc. said on August 18, 2023 that its board of directors declared a regular quarterly dividend of $0.17 per share ($0.67 annualized). Previously, the company paid $0.16 per share.
Shares must be purchased before the ex-div date of September 7, 2023 to qualify for the dividend. Shareholders of record as of September 8, 2023 will receive the payment on September 20, 2023.
At the current share price of $11.97 / share, the stock's dividend yield is 5.60%.
Looking back five years and taking a sample every week, the average dividend yield has been 4.81%, the lowest has been 3.32%, and the highest has been 7.36%. The standard deviation of yields is 0.82 (n=235).
The current dividend yield is 0.95 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.53. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
- Read the Ultimate Guide to Dividend Harvesting.
The company's 3-Year dividend growth rate is 0.42%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 42 funds or institutions reporting positions in United Bancorp, Inc.. This is a decrease of 4 owner(s) or 8.70% in the last quarter. Average portfolio weight of all funds dedicated to UBCP is 0.01%, a decrease of 18.52%. Total shares owned by institutions decreased in the last three months by 21.98% to 425K shares.
Analyst Price Forecast Suggests 87.47% Upside
As of August 2, 2023, the average one-year price target for United Bancorp, Inc. is 22.44. The forecasts range from a low of 22.22 to a high of $23.10. The average price target represents an increase of 87.47% from its latest reported closing price of 11.97.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for United Bancorp, Inc. is 25MM, a decrease of 16.98%. The projected annual non-GAAP EPS is 1.71.
What are Other Shareholders Doing?
VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 67K shares representing 1.18% ownership of the company. No change in the last quarter.
Geode Capital Management holds 50K shares representing 0.89% ownership of the company. No change in the last quarter.
Alliancebernstein holds 41K shares representing 0.73% ownership of the company. In it's prior filing, the firm reported owning 54K shares, representing a decrease of 29.56%. The firm decreased its portfolio allocation in UBCP by 39.27% over the last quarter.
Vantage Financial Partners holds 34K shares representing 0.60% ownership of the company. No change in the last quarter.
FSMAX - Fidelity Extended Market Index Fund holds 32K shares representing 0.55% ownership of the company. In it's prior filing, the firm reported owning 32K shares, representing a decrease of 1.64%. The firm decreased its portfolio allocation in UBCP by 21.52% over the last quarter.
United Bancorp, Inc. Background Information
(This description is provided by the company.)
United Bancorp, Inc. is headquartered in Martins Ferry, Ohio and has total assets of $621.0 million and total shareholder's equity of $53.8 million as of March 31, 2019. Through its single bank charter, Unified Bank, the Company has nineteen banking offices that serve the Ohio Counties of Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson and Tuscarawas. The Company also operates a Loan Production Office in Wheeling, WV.
Additional reading:
- United Bancorp, Inc.
- Press release, dated July 31, 2023, announcing Registrant’s unaudited results of operations and financial condition for and as of the three and six month periods ended June 30, 2023.
- Press release, dated May 4, 2023, announcing Registrant’s results of operations and financial condition for and as of the three month period ended March 31, 2023, unaudited.
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