Added to YB: 2024-06-03
Pitch date: 2024-06-01
UBAB [bullish]
United Bancorporation of Alabama, Inc.
+16.63%
current return
Author Info
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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
$46.22
Price Target
N/A
Dividend
2.40%
EV/EBITDA
N/A
P/E
6.54
EV/Sales
N/A
Sector
Banks
Category
special_situation
Show full summary:
United Bancorporation of Alabama: A Solid Investment with High Returns
UBAB: Initiating buyback/tender. ECIP allows 2x leverage of 13% ROE for ~25% ROCE. Trades at 5.5x earnings. Low-income housing/infra franchise provides low cost of funds & high fees. 2.7% criticized loans, 175% LLR/NPAs, 17.2% CET1. Compelling value with strong returns.
Read full article (1 min)