Added to YB: 2024-02-26
Pitch date: 2024-02-19
UNIF [bullish]
U & I Financial Corp.
-51.26%
current return
Author Info
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Company Info
U & I Financial Corp. operates as the holding company for UniBank that provides banking products and services for small to medium-sized businesses, professionals, and residents with a particular emphasis on Korean and other ethnic minority communities in the United States.
Market Cap
$32.6M
Pitch Price
$8.10
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
3.02
EV/Sales
N/A
Sector
Banks
Category
value
U & I Financial Corp (UNIF): Another Decently Run K-Bank Trading at a P/E of 6, and at 55% TBV with Considerable Upside.
UNIF: Korean-American bank in Seattle, WA. Undervalued at 6x P/E, 0.55x P/TBV, 2.5% div yield. 4.45% NIM, 16.01% ROATE. Low turnover, 35% insider owned. AllianceBernstein & Stilwell invested. 17.29% RBC ratio. CEO out on $3.2M loan loss provision. 48% efficiency, strong ROE w/o branch growth. Resilient despite poor Q4. Stilwell pushing buybacks. Upside via growth or M&A.
Read full article (7 min)