Professional
Added to YB: 2024-01-24
Pitch date: 2024-01-24
UBAB [bullish]
United Bancorporation of Alabama, Inc.
+35.75%
current return
Author Info
Cedar Creek Partners provides deep-dive research on undervalued companies. Follow on Twitter/X.
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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
$39.70
Price Target
81.00 (+50%)
Dividend
2.40%
EV/EBITDA
N/A
P/E
6.54
EV/Sales
N/A
Sector
Banks
Category
value
Show full summary:
Cedar Creek Partners holding - United Bancorporation of Alabama (UBAB)
$UBAB: ECIP recipient, $40.50/sh, $140M mkt cap, got $124M ECIP. '23 EPS $7.31, '24E $8 (5x P/E). 1.2x BV but ECIP adj BV $59/sh. Loans +$122M post-ECIP to $808M 9/23. Pref div may be <2%. Fair value 2x current price.
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