Is United Bancorp, Inc. (UBCP)’s Fuel Running High? The Stock Formed Multiple Top Pattern

July 14, 2018 - By James Guidry

Investors sentiment decreased to 1.14 in Q1 2018. Its down 2.86, from 4 in 2017Q4. It dived, 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.
The Massachusetts-based Geode Capital Mgmt Ltd Liability has invested 0% in United Bancorp, Inc. (NASDAQ:UBCP). The New York-based Howe And Rusling has invested 0.01% in United Bancorp, Inc. (NASDAQ:UBCP). Wells Fargo And Mn accumulated 1 shares or 0% of the stock. Huntington Fincl Bank accumulated 0% or 9,143 shares. California Employees Retirement owns 13,229 shares. Kennedy Capital Management Inc stated it has 31,968 shares. Deutsche State Bank Ag, a Germany-based fund reported 3,299 shares. Acadian Asset Limited Company has invested 0% in United Bancorp, Inc. (NASDAQ:UBCP). Blackrock Incorporated stated it has 4,276 shares or 0% of all its holdings. Tower Cap Limited Liability (Trc) has 300 shares for 0% of their portfolio. Morgan Stanley reported 32,584 shares. Stratos Wealth Prtn Limited reported 2,000 shares. Wesbanco National Bank holds 0.14% or 218,850 shares in its portfolio. Vanguard stated it has 183,995 shares or 0% of all its holdings. Loring Wolcott & Coolidge Fiduciary Advsrs Llp Ma reported 15,536 shares stake.

Since February 27, 2018, it had 1 buy, and 0 selling transactions 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 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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