Download PDF

1. Company Snapshot

1.a. Company Description

United Bancorp, Inc.operates as the bank holding company for Unified Bank that provides commercial and retail banking services in Ohio.It accepts demand, savings, and time deposits, as well as grants commercial, commercial and residential real estate, and consumer loans.


As of December 31, 2021, the company operated through a network of banking offices in Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson, and Tuscarawas Counties in Ohio, as well as Marshall and Ohio Counties in West Virginia and the surrounding localities; and a loan production office in Wheeling, West Virginia.United Bancorp, Inc.was founded in 1902 and is headquartered in Martins Ferry, Ohio.

Show Full description

1.b. Last Insights on UBCP

United Bancorp, Inc.'s recent performance was driven by robust earnings and dividend growth. The company reported diluted earnings per share of $0.32 and net income of $1,872,000 for the three months ended March 31, 2025, indicating a strong start to the year. Additionally, the Board of Directors declared a second quarter dividend payment of $0.1850 per share, a 5.7% increase over the previous year, which translates to a forward yield of 5.51%. This dividend increase demonstrates the company's commitment to returning value to shareholders.

1.c. Company Highlights

2. Transcript Summary

Unfortunately this company is not part of our coverage yet. But as part of your subscription plan you can request it by clicking just below and we'll process.

Request Coverage

3. NewsRoom

Card image cap

United Bancorp, Inc. Increases its Fourth Quarter Cash Dividend Payment to $0.19 per Share, which produces a Forward Yield of 5.4%

Nov -20

Source: accessnewswire.com

Card image cap

UBCP Stock Rises 4% as Q3 Earnings Rise Y/Y on Strong Loan Growth

Nov -12

Source: zacks.com

Card image cap

United Bancorp, Inc. Reports Respective Increases in 2025 Third Quarter and Nine-Month Earnings

Nov -06

Source: accessnewswire.com

Card image cap

United Bancorp, Inc. Increases its Third Quarter Cash Dividend Payment to $0.1875 per Share, which produces a Forward Yield of 5.2%

Aug -21

Source: accessnewswire.com

Card image cap

United Bancorp's Q2 Earnings Grow Y/Y on Loan Expansion

Aug -06

Source: zacks.com

Card image cap

United Bancorp, Inc. Reports 2025 Second Quarter and Six-Month Earnings Performance

Jul -31

Source: accessnewswire.com

Card image cap

Zacks Initiates Coverage of United Bancorp With Neutral Recommendation

Jul -30

Source: zacks.com

Card image cap

United Bancorp, Inc. Reports 2025 First Quarter Earnings Performance

May -09

Source: accessnewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (7.85%)

6. Segments

Banking

Expected Growth: 7.85%

United Bancorp, Inc.'s 7.85% growth is driven by strategic expansion into new markets, increased lending activities, and improved operational efficiency. Additionally, the bank's focus on digital transformation, enhanced customer experience, and effective cost management have contributed to its growth momentum.

7. Detailed Products

Commercial Banking

United Bancorp, Inc. offers a range of commercial banking services, including cash management, treasury management, and commercial lending, to help businesses manage their finances and achieve their goals.

Retail Banking

United Bancorp, Inc. provides retail banking services, including checking and savings accounts, credit cards, and personal loans, to help individuals manage their personal finances.

Mortgage Banking

United Bancorp, Inc. offers mortgage banking services, including residential and commercial mortgage lending, to help individuals and businesses finance their real estate needs.

Wealth Management

United Bancorp, Inc. provides wealth management services, including investment management, trust services, and financial planning, to help individuals and families achieve their long-term financial goals.

Insurance Services

United Bancorp, Inc. offers insurance services, including life insurance, property insurance, and casualty insurance, to help individuals and businesses manage risk and protect their assets.

8. United Bancorp, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

United Bancorp, Inc. operates in a highly competitive industry, but the threat of substitutes is mitigated by the complexity and regulatory requirements of the banking industry.

Bargaining Power Of Customers

United Bancorp, Inc. has a diverse customer base, and no single customer has significant bargaining power.

Bargaining Power Of Suppliers

United Bancorp, Inc. has a diverse supplier base, and no single supplier has significant bargaining power.

Threat Of New Entrants

The banking industry has high barriers to entry, including regulatory requirements and capital requirements, making it difficult for new entrants to enter the market.

Intensity Of Rivalry

The banking industry is highly competitive, with many established players competing for market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 66.38%
Debt Cost 3.95%
Equity Weight 33.62%
Equity Cost 5.93%
WACC 4.61%
Leverage 197.46%

11. Quality Control: United Bancorp, Inc. passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
MVB Financial

A-Score: 6.3/10

Value: 6.3

Growth: 4.9

Quality: 6.6

Yield: 5.0

Momentum: 8.0

Volatility: 7.0

1-Year Total Return ->

View Full Report
Stock-Card
South Plains Financial

A-Score: 6.3/10

Value: 6.6

Growth: 5.9

Quality: 6.6

Yield: 4.0

Momentum: 7.0

Volatility: 7.7

1-Year Total Return ->

View Full Report
Stock-Card
Investar Holding

A-Score: 6.1/10

Value: 6.3

Growth: 6.0

Quality: 5.9

Yield: 4.0

Momentum: 7.5

Volatility: 6.7

1-Year Total Return ->

View Full Report
Stock-Card
United Bancorp

A-Score: 6.0/10

Value: 4.4

Growth: 4.9

Quality: 4.5

Yield: 10.0

Momentum: 6.5

Volatility: 6.0

1-Year Total Return ->

View Full Report
Stock-Card
QCR Holdings

A-Score: 5.7/10

Value: 6.3

Growth: 8.3

Quality: 7.6

Yield: 0.0

Momentum: 4.5

Volatility: 7.3

1-Year Total Return ->

View Full Report
Stock-Card
Brookline Bancorp

A-Score: 5.7/10

Value: 6.1

Growth: 4.2

Quality: 4.4

Yield: 9.0

Momentum: 10.0

Volatility: 0.3

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

13.4$

Current Price

13.4$

Potential

-0.00%

Expected Cash-Flows