Professional
Added to YB: 2025-01-15
Pitch date: 2025-01-14
UBAB [bullish]
United Bancorporation of Alabama, Inc.
-3.73%
current return
Author Info
Merion Road Capital is a fund in Miami focused on value-oriented investing through rigorous fundamental analysis of a company's operations. Follow on Twitter/X.
Company Info
United Bancorporation of Alabama, Inc. operates as the bank holding company for United Bank that provides banking services in the United States.
Market Cap
$168.9M
Pitch Price
$55.99
Price Target
N/A
Dividend
2.40%
EV/EBITDA
N/A
P/E
6.54
EV/Sales
N/A
Sector
Banks
Category
value
Merion Road Capital Portfolio Holding: United Bancorporation of Alabama, Inc.
UBAB: +37% in 2023, $50/share excess capital. Q4 5.5% share repurchase at $54.25. Benefits: low-cost perpetual preferred capital, CDFI programs access, top-tier platform. $7-$8 normalized earnings potential, 7.5x P/E. Largest position, biggest contributor. Growth potential via buybacks or expansion.
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