Professional
Added to YB: 2024-01-08
Pitch date: 2024-01-08
UBAB [bullish]
United Bancorporation of Alabama, Inc.
+36.08%
current return
Author Info
No bio for this author
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
$39.61
Price Target
N/A
Dividend
2.40%
EV/EBITDA
N/A
P/E
6.54
EV/Sales
N/A
Sector
Banks
Category
value
Bonhoeffer Capital: $UBAB is a financial serices compounder
UBAB: Alabama CDFI bank w/ low 0.6% cost of funds, 17% loan growth, strong credit (NPAs 1%, reserves 1.7%), 48% efficiency ratio. CDFI & ECIP drive fees (20-25% of NII) & boost capital 13x. 28% ROE on 4.6% NIM, 20% non-int income. Cheap at 4.7x PE despite growth in subsidized lending & Gulf Coast real estate.
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