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UB Bancorp OTCPK:UBNC Stock Report

Last Price


Market Cap







25 Sep, 2022


Company Financials
UBNC fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance5/6
Financial Health4/6

UBNC Stock Overview

UB Bancorp operates as the bank holding company for Union Bank that provides commercial and retail banking services to individuals and businesses.

UB Bancorp Competitors

Price History & Performance

Summary of all time highs, changes and price drops for UB Bancorp
Historical stock prices
Current Share PriceUS$19.48
52 Week HighUS$21.48
52 Week LowUS$15.77
1 Month Change-5.21%
3 Month Change11.31%
1 Year Change17.35%
3 Year Change32.16%
5 Year Change30.80%
Change since IPO387.12%

Recent News & Updates

Shareholder Returns

UBNCUS BanksUS Market

Return vs Industry: UBNC exceeded the US Banks industry which returned -21.7% over the past year.

Return vs Market: UBNC exceeded the US Market which returned -23% over the past year.

Price Volatility

Is UBNC's price volatile compared to industry and market?
UBNC volatility
UBNC Average Weekly Movement6.4%
Banks Industry Average Movement3.4%
Market Average Movement6.9%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.8%

Stable Share Price: UBNC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: UBNC's weekly volatility (6%) has been stable over the past year.

About the Company

1998n/aRob Jones

UB Bancorp operates as the bank holding company for Union Bank that provides commercial and retail banking services to individuals and businesses. The company offers checking accounts, savings and money market accounts, certificates of deposit, and individual retirement accounts; and person-to-person payment, cash management, treasury management, and remote deposit services. It also provides personal loans, including consumer instalment loans, such as auto, boat, 2nd mortgage, and home improvement loans; home equity credit lines; residential mortgage loans; residential rental property loans; personal credit lines; and personal construction loans.

UB Bancorp Fundamentals Summary

How do UB Bancorp's earnings and revenue compare to its market cap?
UBNC fundamental statistics
Market CapUS$116.49m
Earnings (TTM)US$12.29m
Revenue (TTM)US$39.11m


P/E Ratio


P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
UBNC income statement (TTM)
Cost of RevenueUS$0
Gross ProfitUS$39.11m
Other ExpensesUS$26.82m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date


Earnings per share (EPS)2.05
Gross Margin100.00%
Net Profit Margin31.42%
Debt/Equity Ratio38.4%

How did UBNC perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is UBNC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for UBNC?

Other financial metrics that can be useful for relative valuation.

UBNC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does UBNC's PE Ratio compare to its peers?

UBNC PE Ratio vs Peers
The above table shows the PE ratio for UBNC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.8x
CFCX Centric Financial
SABK South Atlantic Bancshares
CPKF Chesapeake Financial Shares
CWBC Community West Bancshares
UBNC UB Bancorp

Price-To-Earnings vs Peers: UBNC is good value based on its Price-To-Earnings Ratio (9.5x) compared to the peer average (10.8x).

Price to Earnings Ratio vs Industry

How does UBNC's PE Ratio compare vs other companies in the US Banks Industry?

Price-To-Earnings vs Industry: UBNC is good value based on its Price-To-Earnings Ratio (9.5x) compared to the US Banks industry average (9.7x)

Price to Earnings Ratio vs Fair Ratio

What is UBNC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

UBNC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate UBNC's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of UBNC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: UBNC ($19.48) is trading above our estimate of fair value ($18.97)

Significantly Below Fair Value: UBNC is trading above our estimate of fair value.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

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

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as UB Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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  • Check out UB Bancorp's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access UB Bancorp's filings and announcements here.

Past Performance

How has UB Bancorp performed over the past 5 years?

Past Performance Score


Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: UBNC has high quality earnings.

Growing Profit Margin: UBNC's current net profit margins (31.4%) are higher than last year (26.4%).

Past Earnings Growth Analysis

Earnings Trend: UBNC's earnings have grown significantly by 25.2% per year over the past 5 years.

Accelerating Growth: UBNC's earnings growth over the past year (42.9%) exceeds its 5-year average (25.2% per year).

Earnings vs Industry: UBNC earnings growth over the past year (42.9%) exceeded the Banks industry 8.6%.

Return on Equity

High ROE: UBNC's Return on Equity (15.1%) is considered low.

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Financial Health

How is UB Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score


Financial Health Score 4/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: UBNC's Assets to Equity ratio (14x) is moderate.

Allowance for Bad Loans: Insufficient data to determine if UBNC has a sufficient allowance for bad loans.

Low Risk Liabilities: 97% of UBNC's liabilities are made up of primarily low risk sources of funding.

Loan Level: UBNC has an appropriate level of Loans to Assets ratio (59%).

Low Risk Deposits: UBNC's Loans to Deposits ratio (66%) is appropriate.

Level of Bad Loans: Insufficient data to determine if UBNC has an appropriate level of bad loans.

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What is UB Bancorp current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: UBNC's dividend (1.13%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.66%).

High Dividend: UBNC's dividend (1.13%) is low compared to the top 25% of dividend payers in the US market (4.57%).

Stability and Growth of Payments

Stable Dividend: UBNC's dividends per share have been stable in the past 10 years.

Growing Dividend: UBNC's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (10.4%), UBNC's dividend payments are thoroughly covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.

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How experienced are the management team and are they aligned to shareholders interests?


Average board tenure


Rob Jones (65 yo)





Mr. Vincent Robert Jones, also known as Rob, has been President, Chief Executive Officer and Director of UB Bancorp and Union Bank (formerly known as Little Bank, Inc.) since 2002. Before joining the littl...

CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Rob's total compensation is reasonable compared to companies of similar size in the US market.

Compensation vs Earnings: Rob's compensation has increased by more than 20% in the past year.

Board Members

Experienced Board: UBNC's board of directors are considered experienced (7.7 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.

Ownership Breakdown

What is the ownership structure of UBNC?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders760,99112.7%
General Public4,885,50981.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 23 shareholders own 18.3% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
Franklin Street Advisors, Inc.
Cameron McRae
115,046$2.2m0%no data
Robert Burrows
94,779$1.8m0%no data
Franklin Hancock
91,799$1.8m0%no data
C. Howard
70,935$1.4m0%no data
James Hill
69,743$1.4m0%no data
Vincent Jones
50,072$975.4k0%no data
Raymond Ball
41,727$812.8k0%no data
John Burns
39,710$773.6k0%no data
Crawford Knott
30,997$603.8k0%no data
Chandler Currin
28,613$557.4k0%no data
Joseph Blizzard
21,637$421.5k0%no data
Thornton Yancey
19,075$371.6k0%no data
S. Davenport
18,479$360.0k0%no data
Conrad Sturges
14,306$278.7k0%no data
Susan Barrett
13,039$254.0k0%no data
Amy Watts
12,747$248.3k0%no data
David Morgan
6,037$117.6k0%no data
Stephen Zaytoun
5,961$116.1k0%no data
Anne Corey
5,559$108.3k0%no data
William Keyes
4,173$81.3k0%no data
Donna McClatchey
3,577$69.7k0%no data
Scott McLean
2,980$58.1k0%no data

Company Information

UB Bancorp's employee growth, exchange listings and data sources

Key Information

  • Name: UB Bancorp
  • Ticker: UBNC
  • Exchange: OTCPK
  • Founded: 1998
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$116.494m
  • Shares outstanding: 5.98m
  • Website:


  • UB Bancorp
  • 1011A Red Banks Road
  • Greenville
  • North Carolina
  • 27858
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UBNCOTCPK (Pink Sheets LLC)YesCommon StockUSUSDNov 1998

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/25 00:00
End of Day Share Price2022/09/23 00:00
Annual Earnings2021/12/31

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.