Professional
Added to YB: 2024-07-31
Pitch date: 2024-07-24
UBAB [bullish]
United Bancorporation of Alabama, Inc.
+8.26%
current return
Author Info
Alluvial Capital is an investment manager with a focus on overlooked and obscure securities around the world. Sign up for the newsletter.
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
$49.79
Price Target
N/A
Dividend
2.40%
EV/EBITDA
N/A
P/E
6.54
EV/Sales
N/A
Sector
Banks
Category
value
Alluvial Capital Management Portfolio Holding: United Bancorporation of Alabama, Inc.
UBAB: Community bank up 19% YTD, 70% from avg cost. Record earnings & ROE from specialty loans & grant-subsidized biz. Trades 5.7x P/E, 80% adj. tangible book. Accumulating shares in smaller banks w/ nonbanking revenue (e.g. merchant payments). Outperformed amid regional bank concerns.
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