United Bancorp, Inc.
US ˙ NasdaqCM ˙ US9099111091

SecurityUBCP / United Bancorp, Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership9,031 shares
Latest Disclosed Value $ 137,372
Morgan Stanley reports 0.54% decrease in ownership of UBCP / United Bancorp, Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 9,031 shares of United Bancorp, Inc. (US:UBCP) valued at $137,362 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 9,080 shares of United Bancorp, Inc.. This represents a change in shares of -0.54% during the quarter. The current value of the position is $145,218 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date
Effective
Date
Form Security Class ID Avg Price
Paid (Est)
Reported
Shares
ΔShares ΔShares
(%)
Reported
Value
(x1000)
ΔValue
(%)
Alloc
(%)
ΔAlloc ΔAlloc (%) Cost Basis
(x1000)
Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F UNITED BANCORP INC OHIO COM 909911109 9,031 -49 -0.54 137 5.38 0.0000
2026-05-27 2025-12-31 13F/A-1 UNITED BANCORP INC OHIO COM 909911109 9,080 49 0.54 130 3.17 0.0000
2026-02-13 2025-12-31 13F UNITED BANCORP INC OHIO COM 909911109 9,080 49 130 0.0000
2026-05-27 2025-09-30 13F/A-1 UNITED BANCORP INC OHIO COM 909911109 9,031 300 3.44 126 0.00 0.0000
2025-11-14 2025-09-30 13F UNITED BANCORP INC OHIO COM 909911109 9,031 300 126 0.0000
2025-08-15 2025-06-30 13F UNITED BANCORP INC OHIO COM 909911109 8,731 0 0.00 127 7.69 0.0000
2025-05-15 2025-03-31 13F UNITED BANCORP INC OHIO COM 909911109 8,731 -1,250 -12.52 117 -9.30 0.0000
2025-05-15 2024-12-31 13F/A-1 UNITED BANCORP INC OHIO COM 909911109 9,981 -300 -2.92 130 -3.73 0.0000
2025-02-14 2024-12-31 13F UNITED BANCORP INC OHIO COM 909911109 9,981 -300 130 0.0000
2025-05-14 2024-09-30 13F/A-2 UNITED BANCORP INC OHIO COM 909911109 10,281 0 0.00 135 3.88 0.0000
2025-02-14 2024-09-30 13F/A-1 UNITED BANCORP INC OHIO COM 909911109 10,281 0 135 0.0000
2024-11-14 2024-09-30 13F UNITED BANCORP INC OHIO COM 909911109 10,281 0 135 0.0000
2025-05-14 2024-06-30 13F/A-2 UNITED BANCORP INC OHIO COM 909911109 10,281 -300 -2.84 129 -15.69 0.0000
2024-10-17 2024-06-30 13F/A-1 UNITED BANCORP INC OHIO COM 909911109 10,281 -300 129 0.0000
2024-08-14 2024-06-30 13F UNITED BANCORP INC OHIO COM 909911109 10,281 -300 129 0.0000
2024-10-17 2024-03-31 13F/A-2 UNITED BANCORP INC OHIO COM 909911109 10,581 -875 -7.64 153 4.08 0.0000
2024-08-16 2024-03-31 13F/A-1 UNITED BANCORP INC OHIO COM 909911109 10,581 -875 153 0.0000
2024-05-15 2024-03-31 13F UNITED BANCORP INC OHIO COM 909911109 10,581 -875 153 0.0000
2024-08-16 2023-12-31 13F/A-1 UNITED BANCORP INC OHIO COM 909911109 11,456 6,431 127.98 147 153.45 0.0000
2024-02-13 2023-12-31 13F UNITED BANCORP INC OHIO COM 909911109 11,456 6,431 147 0.0000
2023-11-15 2023-09-30 13F UNITED BANCORP INC OHIO COM 909911109 5,025 0 0.00 58 -3.33 0.0000
2023-08-14 2023-06-30 13F UNITED BANCORP INC OHIO COM 909911109 5,025 0 0.00 60 -16.67 0.0000
2023-05-15 2023-03-31 13F UNITED BANCORP INC OHIO COM 909911109 5,025 -903 -15.23 73 -17.24 0.0000
2023-02-14 2022-12-31 13F UNITED BANCORP INC OHIO COM 909911109 5,928 3 0.05 87 -8.42 0.0000
2022-11-14 2022-09-30 13F UNITED BANCORP INC OHIO COM 909911109 5,925 0 0.00 95 -2.06 0.0000
2022-10-27 2022-06-30 13F/A-1 UNITED BANCORP INC OHIO COM 909911109 5,925 -742 -11.13 97 -19.83 0.0000
2022-08-15 2022-06-30 13F UNITED BANCORP INC OHIO COM 909911109 5,925 -742 97 0.0000
2022-10-27 2022-03-31 13F/A-1 UNITED BANCORP INC OHIO COM 909911109 6,667 1,241 22.87 121 34.44 0.0000
2022-05-13 2022-03-31 13F UNITED BANCORP INC OHIO COM 909911109 6,667 1,241 121 0.0000
2022-02-14 2021-12-31 13F UNITED BANCORP INC OHIO COM 909911109 5,426 -3,507 -39.26 90 -29.69 0.0000
2021-11-15 2021-09-30 13F UNITED BANCORP INC OHIO COM 909911109 8,933 2,958 49.51 128 50.59 0.0000
2021-08-23 2021-06-30 13F/A-1 UNITED BANCORP INC OHIO COM 909911109 5,975 -7,700 -56.31 85 -56.63 0.0000
2021-08-16 2021-06-30 13F UNITED BANCORP INC OHIO COM 909911109 5,975 -7,700 85 0.0000
2021-05-17 2021-03-31 13F UNITED BANCORP INC OHIO COM 909911109 13,675 6,233 83.75 196 100.00 0.0000
2021-02-16 2020-12-31 13F UNITED BANCORP INC OHIO COM 909911109 7,442 -500 -6.30 98 -2.00 0.0000
2020-11-13 2020-09-30 13F UNITED BANCORP INC OHIO COM 909911109 7,942 -2,650 -25.02 100 -18.03 0.0000
2020-08-14 2020-06-30 13F UNITED BANCORP INC OHIO COM 909911109 10,592 150 1.44 122 6.09 0.0000
2020-05-26 2020-03-31 13F/A-1 UNITED BANCORP INC OHIO COM 909911109 10,442 -2,958 -22.07 115 -40.10 0.0000
2020-05-15 2020-03-31 13F UNITED BANCORP INC OHIO COM 909911109 10,442 -2,958 115 8.8344
2020-02-14 2019-12-31 13F UNITED BANCORP INC OHIO COM 909911109 13,400 -400 -2.90 192 24.68 0.0000
2019-11-14 2019-09-30 13F UNITED BANCORP INC OHIO COM 909911109 13,800 -13,175 -48.84 154 -49.34 0.0000
2019-08-14 2019-06-30 13F UNITED BANCORP INC OHIO COM 909911109 26,975 -1,124 -4.00 304 -0.33 0.0001
2019-05-15 2019-03-31 13F UNITED BANCORP INC OHIO COM 909911109 28,099 -1,937 -6.45 305 -11.08 0.0001
2019-02-14 2018-12-31 13F UNITED BANCORP INC OHIO COM 909911109 30,036 -2,018 -6.30 343 -18.72 0.0001
2019-04-23 2018-09-30 13F/A-2 UNITED BANCORP INC OHIO COM 909911109 32,054 -2,763 -7.94 422 -10.21 0.0001
2018-11-20 2018-09-30 13F/A-1 UNITED BANCORP INC OHIO COM 909911109 32,054 0 422 0.0001
2018-11-14 2018-09-30 13F UNITED BANCORP INC OHIO COM 909911109 32,054 -2,763 422
2019-04-23 2018-06-30 13F/A-1 UNITED BANCORP INC OHIO COM 909911109 34,817 2,233 6.85 470 11.37 0.0001
2018-08-14 2018-06-30 13F UNITED BANCORP INC OHIO COM 909911109 34,817 2,233 470
2019-04-23 2018-03-31 13F/A-1 UNITED BANCORP INC OHIO COM 909911109 32,584 10,609 48.28 422 45.02 0.0001
2018-05-14 2018-03-31 13F UNITED BANCORP INC OHIO COM 909911109 32,584 10,609 422
2019-04-23 2017-12-31 13F/A-1 UNITED BANCORP INC OHIO COM 909911109 21,975 2,200 11.13 291 22.27 0.0001
2018-02-14 2017-12-31 13F UNITED BANCORP INC OHIO COM 909911109 21,975 2,200 291
2017-11-14 2017-09-30 13F UNITED BANCORP INC OHIO COM 909911109 19,775 4,055 25.80 238 23.96 0.0001
2017-08-11 2017-06-30 13F UNITED BANCORP INC OHIO COM 909911109 15,720 2,635 20.14 192 19.25 0.0001
2017-05-22 2017-03-31 13F/A-1 UNITED BANCORP INC OHIO COM 909911109 13,085 5,135 64.59 161 50.47 0.0000
2017-05-12 2017-03-31 13F UNITED BANCORP INC OHIO COM 909911109 13,085 161
2017-02-22 2016-12-31 13F/A-1 UNITED BANCORP INC OHIO COM 909911109 7,950 4,650 140.91 107 197.22 0.0000
2017-02-13 2016-12-31 13F UNITED BANCORP INC OHIO COM 909911109 7,950 107
2016-11-10 2016-09-30 13F UNITED BANCORP INC OHIO COM 909911109 3,300 1,300 65.00 36 80.00 0.0000
2016-08-12 2016-06-30 13F UNITED BANCORP INC OHIO COM 909911109 2,000 792 65.56 20 81.82 0.0000
2016-05-12 2016-03-31 13F UNITED BANCORP INC OHIO COM 909911109 1,208 -2,063 -63.07 11 -64.52 0.0000
2016-02-09 2015-12-31 13F UNITED BANCORP INC OHIO COM 909911109 3,271 3,271 170.78 31 181.82 0.0000
2016-02-08 2015-09-30 13F/A-1 UNITED BANCORP INC OHIO COM 909911109 0 -10 -100.00 0 -100.00 0.0000
2015-08-12 2015-06-30 13F UNITED BANCORP INC OHIO COM 909911109 10 1 11.11 0 0.0000
2015-05-14 2015-03-31 13F UNITED BANCORP INC OHIO COM 909911109 9 0 0.00 0 0.0000
2015-02-13 2014-12-31 13F UNITED BANCORP INC OHIO COM 909911109 9 0 0.00 0 0.0000
2014-12-16 2014-09-30 13F/A-1 UNITED BANCORP INC OHIO COM 909911109 9 0 0.00 0 0.0000
2014-11-14 2014-09-30 13F UNITED BANCORP INC OHIO COM 909911109 9 0
2014-05-13 2014-03-31 13F UNITED BANCORP INC OHIO COM 909911109 9 9 0 0.0000
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.