United Bancorp, Inc. operates as the bank holding company for Unified Bank that provides commercial and retail banking services in Ohio.
Flawless balance sheet, undervalued and pays a dividend.
Share Price & News
How has United Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: UBCP has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: UBCP exceeded the US Banks industry which returned -34.8% over the past year.
Return vs Market: UBCP exceeded the US Market which returned -15.9% over the past year.
Price Volatility Vs. Market
How volatile is United Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StA Sliding Share Price Has Us Looking At United Bancorp, Inc.'s (NASDAQ:UBCP) P/E Ratio
1 month ago | Simply Wall StShould You Buy United Bancorp, Inc. (NASDAQ:UBCP) For Its Upcoming Dividend In 4 Days?
1 month ago | Simply Wall StDoes United Bancorp, Inc. (NASDAQ:UBCP) Have A Place In Your Dividend Portfolio?
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 ($10.05) is trading below our estimate of fair value ($12.92)
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 (8.5x) compared to the Banks industry average (8.5x).
PE vs Market: UBCP is good value based on its PE Ratio (8.5x) compared to the US market (12.2x).
Price to Earnings Growth Ratio
PEG Ratio: UBCP is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: UBCP is overvalued based on its PB Ratio (0.9x) compared to the US Banks industry average (0.8x).
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 (9.7% per year) is above the savings rate (1.7%).
Earnings vs Market: UBCP's earnings (9.7% per year) are forecast to grow slower than the US market (13.4% per year).
High Growth Earnings: UBCP's earnings are forecast to grow, but not significantly.
Revenue vs Market: UBCP's revenue (4.2% per year) is forecast to grow slower than the US market (7% per year).
High Growth Revenue: UBCP's revenue (4.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: UBCP's Return on Equity is forecast to be low in 3 years time (12%).
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 (27.4%) are higher than last year (19%).
Past Earnings Growth Analysis
Earnings Trend: UBCP's earnings have grown by 14.1% per year over the past 5 years.
Accelerating Growth: UBCP's earnings growth over the past year (61.1%) exceeds its 5-year average (14.1% per year).
Earnings vs Industry: UBCP earnings growth over the past year (61.1%) exceeded the Banks industry 10.9%.
Return on Equity
High ROE: UBCP's Return on Equity (11.4%) 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 level of assets compared to its equity is moderate.
Allowance for Bad Loans: UBCP has a sufficient allowance for bad loans.
Low Risk Liabilities: UBCP's liabilities are made up of primarily low risk sources of funding.
Loan Level: UBCP has an acceptable proportion of non-loan assets held.
Low Risk Deposits: UBCP's loans are broadly funded by customer deposits.
Level of Bad Loans: UBCP has an appropriate level of bad loans (0.33%)
What is United Bancorp's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: UBCP's dividend (5.67%) is higher than the bottom 25% of dividend payers in the US market (2.07%).
High Dividend: UBCP's dividend (5.67%) is low compared to the top 25% of dividend payers in the US market (5.82%).
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 (46%), 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 (38.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Scott Everson (51yo)
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 “ ...
CEO Compensation Analysis
Compensation vs Market: Scott's total compensation ($USD472.50K) is about average for companies of similar size in the US market ($USD626.39K).
Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.
|Director Emeritus||no data||US$380.39k||no data|
|Independent Director||28.25yrs||US$37.44k||0.64% $373.5k|
|Independent Chairman of the Board||6yrs||US$43.48k||0.65% $379.8k|
|Independent Director||6.33yrs||US$113.00||0.90% $524.2k|
|Director of Unified Bank||no data||no data||no data|
|Director of Unified Bank||no data||no data||no data|
|Independent Director||1.5yrs||US$27.90k||0.46% $269.8k|
Experienced Board: UBCP's board of directors are considered experienced (6.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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 11.6%.
United Bancorp, Inc.'s company bio, 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$58.164m
- Shares outstanding: 5.92m
- Website: https://www.unitedbancorp.com
Number of Employees
- United Bancorp, Inc.
- 201 South Fourth Street
- Martins Ferry
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|UBCP||NasdaqCM (Nasdaq Capital Market)||Yes||Common Stock||US||USD||Mar 1993|
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, real estate, and consumer loans. The company also offers brokerage services. As of April 24, 2019, it operated through a network of 19 banking offices in the Ohio counties of Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson, and Tuscarawas; and a loan production office in Wheeling, West Virginia. The company was founded in 1902 and is headquartered in Martins Ferry, Ohio.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/07 02:40|
|End of Day Share Price||2020/04/06 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.