United Bancorp, Inc. (UBCP)’s Trend Up, Especially After Forming a Multiple Top

July 14, 2018 - By Vernon Rice

Investors sentiment decreased to 1.14 in 2018 Q1. Its down 2.86, from 4 in 2017Q4. It is negative, as 1 investors sold United Bancorp, Inc. shares while 6 reduced holdings. 5 funds opened positions while 3 raised stakes. 620,305 shares or 52.81% less from 1.31 million shares in 2017Q4 were reported.
218,850 are held by Wesbanco Bank Inc. Kennedy Cap Mgmt Incorporated reported 31,968 shares or 0.01% of all its holdings. California Pub Employees Retirement Sys stated it has 13,229 shares. Deutsche National Bank & Trust Ag has 0% invested in United Bancorp, Inc. (NASDAQ:UBCP) for 3,299 shares. 9,143 are held by Huntington Bankshares. Acadian Asset Mgmt holds 0% or 1,725 shares in its portfolio. Wells Fargo Mn holds 0% of its portfolio in United Bancorp, Inc. (NASDAQ:UBCP) for 1 shares. Moreover, Geode Capital Management Ltd Liability Corp has 0% invested in United Bancorp, Inc. (NASDAQ:UBCP) for 41,665 shares. Tower Research Cap (Trc) has invested 0% in United Bancorp, Inc. (NASDAQ:UBCP). Mckinley Carter Wealth Services Inc invested in 935 shares. Loring Wolcott Coolidge Fiduciary Ltd Liability Partnership Ma has 0% invested in United Bancorp, Inc. (NASDAQ:UBCP). Blackrock reported 4,276 shares. 32,584 are held by Morgan Stanley. 2,000 are owned by Stratos Wealth Prns Ltd. Vanguard Group Inc holds 0% in United Bancorp, Inc. (NASDAQ:UBCP) or 183,995 shares.

Since February 27, 2018, it had 1 buy, and 0 sales for $6,070 activity.

The stock of United Bancorp, Inc. (UBCP) shows a multiple tops pattern with $14.44 target or 9.00 % above today’s $13.25 share price. The 7 months chart pattern indicates low risk for the $69.54 million company. It was reported on Jul, 14 by Finviz.com. If the $14.44 price target is reached, the company will be worth $6.26 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

It closed at $13.25 lastly. It is down 10.06% since July 14, 2017 and is uptrending. It has underperformed by 2.51% the S&P500.

United Bancorp, Inc. operates as the bank holding firm for The Citizens Savings Bank that provides commercial and retail banking services in Ohio. The company has market cap of $69.54 million. The firm accepts demand, savings, and time deposits, as well as grants commercial, real estate, and consumer loans. It has a 18.66 P/E ratio. It also offers brokerage services through LPL Financial member NASD/SIPC.

United Bancorp, Inc. (NASDAQ:UBCP) Institutional Positions Chart

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