NasdaqCM:UBCP

Stock Analysis Report

Executive Summary

United Bancorp, Inc. operates as the bank holding company for Unified Bank that provides commercial and retail banking services in Ohio.

Snowflake

Fundamentals

Excellent balance sheet and fair value.

Risks

  • United Bancorp is not covered by any analysts.

Similar Companies

Share Price & News

How has United Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.3%

NasdaqCM:UBCP

-2.6%

US Banks

-1.0%

US Market


1 Year Return

-14.9%

NasdaqCM:UBCP

-14.2%

US Banks

-0.4%

US Market

UBCP matched the Banks industry (-14.2%) over the past year.

UBCP underperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

UBCPIndustryMarket
7 Day-0.3%-2.6%-1.0%
30 Day-1.5%-6.3%-3.3%
90 Day-0.9%-3.5%0.8%
1 Year-10.7%-14.9%-11.8%-14.2%1.9%-0.4%
3 Year28.7%12.7%42.2%32.4%39.4%30.4%
5 Year74.9%39.7%53.3%36.7%54.2%37.1%

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

Valuation

Is United Bancorp undervalued based on future cash flows and its price relative to the stock market?

11.85x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

United Bancorp's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

United Bancorp's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

United Bancorp is good value based on earnings compared to the US Banks industry average.

United Bancorp is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for United Bancorp, we can't assess if its growth is good value.


Price Based on Value of Assets

United Bancorp is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is United Bancorp expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

4.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if United Bancorp is high growth as no revenue estimate data is available.

United Bancorp's earnings are expected to grow by 4.7% yearly, however this is not considered high growth (20% yearly).

Unable to compare United Bancorp's revenue growth to the United States of America market average as no estimate data is available.

United Bancorp's earnings growth is positive but not above the United States of America market average.

United Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if United Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has United Bancorp performed over the past 5 years?

11.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

United Bancorp's year on year earnings growth rate has been positive over the past 5 years.

United Bancorp's 1-year earnings growth exceeds its 5-year average (28.1% vs 11%)

United Bancorp's earnings growth has not exceeded the US Banks industry average in the past year (28.1% vs 33.3%).


Return on Equity

United Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

United Bancorp used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if United Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

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


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

United Bancorp has an acceptable proportion of non-loan assets held.

United Bancorp has a low allowance for bad loans.

United Bancorp's liabilities are made up of primarily low risk sources of funding.

United Bancorp's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at United Bancorp are broadly funded by customer deposits.

United Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is United Bancorp's current dividend yield, its reliability and sustainability?

4.81%

Current Dividend Yield


Dividend Yield and Payments Analysis

United Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

United Bancorp's dividend is above the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.8x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of United Bancorp's salary, the management and board of directors tenure and is there insider trading?

5.7yrs

Average board tenure


CEO

Scott Everson (51yo)

5.3yrs

Tenure

US$2,376,432

Compensation

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

Scott's remuneration is higher than average for companies of similar size in United States of America.

Scott's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

5.7yrs

Average Tenure

66.5yo

Average Age

The tenure for the United Bancorp board of directors is about average.


Insider Trading

More shares have been bought than sold by United Bancorp individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyUS$31,05031 May 19
Gary Glessner
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,700
Max PriceUS$11.50
BuyUS$1,67331 May 19
Richard Riesbeck
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares150
Max PriceUS$11.15
BuyUS$4,68611 Mar 19
Richard Riesbeck
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares464
Max PriceUS$10.10
BuyUS$2,05411 Mar 19
Lisa Basinger
EntityIndividual
Role
Secretary
Corporate Secretary
Shares185
Max PriceUS$11.10
BuyUS$3,20811 Mar 19
Matthew Branstetter
EntityIndividual
Role
Chief Operating Officer
Senior VP & COO
Shares289
Max PriceUS$11.10
BuyUS$21,33411 Mar 19
Gary Glessner
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,922
Max PriceUS$11.10
BuyUS$6,08311 Mar 19
John Hoopingarner
EntityIndividual
Role
Member of the Board of Directors
Director
Shares548
Max PriceUS$11.10
BuyUS$5,49511 Mar 19
Scott Everson
EntityIndividual
Role
Chief Executive Officer
President
Shares495
Max PriceUS$11.10
BuyUS$47,16625 Feb 19
Gary Glessner
EntityIndividual
Role
Member of the Board of Directors
Director
Shares4,174
Max PriceUS$11.30
BuyUS$12,41021 Feb 19
Gary Glessner
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,113
Max PriceUS$11.15
BuyUS$1,09519 Feb 19
Gary Glessner
EntityIndividual
Role
Member of the Board of Directors
Director
Shares100
Max PriceUS$10.95
BuyUS$76004 Sep 18
Lisa Basinger
EntityIndividual
Role
Secretary
Corporate Secretary
Shares56
Max PriceUS$13.57
BuyUS$7,85704 Sep 18
Richard Riesbeck
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares579
Max PriceUS$13.57
BuyUS$9,74304 Sep 18
John Hoopingarner
EntityIndividual
Role
Member of the Board of Directors
Director
Shares718
Max PriceUS$13.57
BuyUS$8,42704 Sep 18
Scott Everson
EntityIndividual
Role
Chief Executive Officer
President
Shares621
Max PriceUS$13.57

Ownership Breakdown


Management Team

  • Randall Greenwood (55yo)

    Senior VP

    • Tenure: 0.0yrs
    • Compensation: US$492.09k
  • Norman Assenza (73yo)

    Vice President Compliance

    • Tenure: 0.0yrs
    • Compensation: US$174.22k
  • Scott Everson (51yo)

    President

    • Tenure: 5.3yrs
    • Compensation: US$2.38m
  • Michael Lloyd (50yo)

    Chief Information Officer and Vice President

    • Tenure: 0.0yrs
  • Matt Branstetter (51yo)

    Senior VP & COO

    • Tenure: 5.3yrs
    • Compensation: US$510.26k
  • Elmer Leeper (52yo)

    Chief Retail Banking Officer and Vice President

    • Tenure: 0.0yrs
  • Lisa Basinger (58yo)

    Corporate Secretary

    • Tenure: 0.0yrs
  • Chad Smith (47yo)

    Chief Human Resource Officer & Vice President

    • Tenure: 0.0yrs

Board Members

  • Jim Everson (80yo)

    Director Emeritus

    • Tenure: 0.0yrs
    • Compensation: US$380.39k
  • John Hoopingarner (64yo)

    Director

    • Tenure: 27.6yrs
    • Compensation: US$149.47k
  • Richard Riesbeck (69yo)

    Chairman of the Board

    • Tenure: 5.3yrs
    • Compensation: US$218.64k
  • Scott Everson (51yo)

    President

    • Tenure: 5.3yrs
    • Compensation: US$2.38m
  • Gary Glessner (52yo)

    Director

    • Tenure: 5.7yrs
    • Compensation: US$120.31k
  • John Herzig

    Director of Unified Bank

    • Tenure: 0.0yrs
  • Jon Clark

    Director of Unified Bank

    • Tenure: 0.0yrs
  • Carl Novak (73yo)

    Director

    • Tenure: 0.8yrs
    • Compensation: US$5.79k

Company Information

United Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: United Bancorp, Inc.
  • Ticker: UBCP
  • Exchange: NasdaqCM
  • Founded: 1902
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$63.643m
  • Shares outstanding: 5.67m
  • Website: https://www.unitedbancorp.com

Number of Employees


Location

  • United Bancorp, Inc.
  • 201 South Fourth Street
  • Martins Ferry
  • Ohio
  • 43935
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UBCPNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDMar 1993

Biography

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 com ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/18 23:46
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.