United Bancorp, Inc. operates as the bank holding company for Unified Bank that provides commercial and retail banking services in Ohio.
United Bancorp Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$14.91|
|52 Week High||US$11.80|
|52 Week Low||US$16.82|
|1 Month Change||1.78%|
|3 Month Change||1.91%|
|1 Year Change||25.08%|
|3 Year Change||9.34%|
|5 Year Change||33.72%|
|Change since IPO||270.83%|
Recent News & Updates
United Bancorp: 4.8% Dividend Yield After 3rd Hike This Year Reinforces Dividend Thesis
Dividend increased 3rd time in 2021, now 4.8% full-year yield, including February Special Dividend; Regular dividend run-rate 4.1%. Q2 strong results with 31% net income growth, after record EPS in FY2020. Strong 39-year dividend track record, 5 Special Dividends in last 5 years. Maintain $20 target [so total return of over 40%]; recent stock weakness a buying opportunity. Stock trading at only 1.2x trailing Price/Book; Book Value up 7% QoQ & 4% YoY, with high 18.1% capital adequacy, low NPLs, and excess provisioning.
United Bancorp's (NASDAQ:UBCP) Dividend Will Be Increased To US$0.15
United Bancorp, Inc. ( NASDAQ:UBCP ) has announced that it will be increasing its dividend on the 20th of September to...
United Bancorp: +31% Q2 EPS, 4.5% Dividend Yield, 18% EPS 5-Year CAGR, 50% Upside
Q2 strong results with 31% net income growth, after record EPS in FY2020. Attractive 4.5% dividend yield, strong 39-year dividend track record, 5 Special Dividends in last 5 years. Maintain $20 target [so total return of over 50%]; recent stock weakness in July a buying opportunity. Stock trading at only 1.1x trailing Price/Book - Book Value up 7% QoQ & 4% YoY, with high 18.1% capital adequacy, low NPLs, and excess provisioning. +18% EPS five-year CAGR, well managed with only five CEOs in 120-year history.
|UBCP||US Banks||US Market|
Return vs Industry: UBCP underperformed the US Banks industry which returned 64.8% over the past year.
Return vs Market: UBCP underperformed the US Market which returned 33% over the past year.
Stable Share Price: UBCP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: UBCP's weekly volatility (4%) has been stable over the past year.
About the Company
United Bancorp, Inc. operates as the bank holding company for Unified Bank that provides commercial and retail banking services in Ohio. It accepts demand, savings, and time deposits, as well as grants commercial, commercial and residential real estate, and consumer loans. As of December 31, 2020, the company operated through a network of nineteen banking offices in Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson, and Tuscarawas Counties in Ohio, as well as Marshall and Ohio Counties in West Virginia and the surrounding localities; and a loan production office in Wheeling, West Virginia.
United Bancorp Fundamentals Summary
|UBCP fundamental statistics|
Is UBCP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|UBCP income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||1.52|
|Net Profit Margin||30.25%|
How did UBCP perform over the long term?See historical performance and comparison
4.0%Current Dividend Yield
Is United Bancorp undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: UBCP ($14.91) is trading below our estimate of fair value ($21.29)
Significantly Below Fair Value: UBCP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: UBCP is good value based on its PE Ratio (10.4x) compared to the US Banks industry average (10.6x).
PE vs Market: UBCP is good value based on its PE Ratio (10.4x) compared to the US market (17.5x).
Price to Earnings Growth Ratio
PEG Ratio: UBCP is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: UBCP is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (1.1x).
How is United Bancorp forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: UBCP's forecast earnings growth (6.4% per year) is above the savings rate (2%).
Earnings vs Market: UBCP's earnings (6.4% per year) are forecast to grow slower than the US market (14.9% per year).
High Growth Earnings: UBCP's earnings are forecast to grow, but not significantly.
Revenue vs Market: UBCP's revenue (2% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: UBCP's revenue (2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if UBCP's Return on Equity is forecast to be high in 3 years time
How has United Bancorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UBCP has high quality earnings.
Growing Profit Margin: UBCP's current net profit margins (30.2%) are higher than last year (26.8%).
Past Earnings Growth Analysis
Earnings Trend: UBCP's earnings have grown significantly by 20.2% per year over the past 5 years.
Accelerating Growth: UBCP's earnings growth over the past year (27.5%) exceeds its 5-year average (20.2% per year).
Earnings vs Industry: UBCP earnings growth over the past year (27.5%) underperformed the Banks industry 36%.
Return on Equity
High ROE: UBCP's Return on Equity (12.7%) is considered low.
How is United Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: UBCP's Assets to Equity ratio (10.5x) is moderate.
Allowance for Bad Loans: UBCP has a sufficient allowance for bad loans (154%).
Low Risk Liabilities: 91% of UBCP's liabilities are made up of primarily low risk sources of funding.
Loan Level: UBCP has an appropriate level of Loans to Assets ratio (62%).
Low Risk Deposits: UBCP's Loans to Deposits ratio (75%) is appropriate.
Level of Bad Loans: UBCP has an appropriate level of bad loans (0.6%).
What is United Bancorp current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: UBCP's dividend (3.96%) is higher than the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: UBCP's dividend (3.96%) is in the top 25% of dividend payers in the US market (3.65%)
Stability and Growth of Payments
Stable Dividend: UBCP's dividend payments have been volatile in the past 10 years.
Growing Dividend: UBCP's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (37.6%), UBCP's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: UBCP's dividends in 3 years are forecast to be well covered by earnings (38.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Scott Everson (53 yo)
Mr. Scott A. Everson serves as the President and Chief Executive Officer of United Bancorp, Inc. (the “Company”). Mr. Everson is also Chairman, President and Chief Executive Officer of Unified Bank (the “B...
CEO Compensation Analysis
Compensation vs Market: Scott's total compensation ($USD661.13K) is about average for companies of similar size in the US market ($USD545.11K).
Compensation vs Earnings: Scott's compensation has increased by more than 20% in the past year.
Experienced Board: UBCP's board of directors are considered experienced (10 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: UBCP insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.1%.
United Bancorp, Inc.'s employee growth, exchange listings and data sources
- Name: United Bancorp, Inc.
- Ticker: UBCP
- Exchange: NasdaqCM
- Founded: 1902
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$86.604m
- Shares outstanding: 5.81m
- Website: https://www.unitedbancorp.com
Number of Employees
- United Bancorp, Inc.
- 201 South Fourth Street
- Martins Ferry
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/22 00:12|
|End of Day Share Price||2021/09/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.