United Bancorp, Inc.
- Open
- 15.69
- Day high
- 15.91
- Day low
- 15.42
- Prev close
- 15.70
- Volume
- 1K
- Mkt cap
- $89M
- P/E (TTM)
- 10.9
- EPS (TTM)
- $1.42
- P/B
- 1.2
- P/S
- 1.8
- Yield
- 3.64%
- Per share
- $0.56
United Bancorp, Inc. (UBCP) is a Financial Services company listed on NASDAQ. The stock is up 10% over the past year.
United Bancorp, Inc. (UBCP) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
UBCP earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 23, 2026 | — | $0.36 | — | $9M | +0.0% |
| May 7, 2026 | $0.33 | $0.33 | +0.0% | $11M | — |
| Mar 18, 2026 | — | $0.35 | — | $13M | — |
| Nov 6, 2025 | — | $0.34 | — | $12M | — |
| Jul 31, 2025 | — | $0.33 | — | $12M | — |
| May 9, 2025 | — | $0.32 | — | $11M | — |
| Feb 7, 2025 | — | $0.31 | — | $11M | — |
| May 9, 2024 | — | $0.35 | — | $10M | -61.3% |
| Feb 6, 2024 | — | $0.42 | — | $11M | — |
| Oct 31, 2023 | — | $0.42 | — | $11M | — |
| May 4, 2023 | — | $0.33 | — | $9M | -62.2% |
| Mar 17, 2023 | — | $0.42 | — | $9M | — |
UBCP insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 28, 2026 | Ball Erin Sdirector | Buy | 632 | $14.93 |
| May 28, 2026 | GREENWOOD RANDALL Mofficer: SR VP CFO and Treasurer | Buy | 1,034 | $14.93 |
| May 28, 2026 | Glessner Gary Wdirector | Buy | 3,527 | $14.93 |
| May 28, 2026 | Branstetter Matthew Fredrickofficer: Chief Operating Officer | Buy | 380 | $14.93 |
| May 28, 2026 | Clark Jonathan CHASEdirector | Buy | 1,511 | $14.93 |
| May 28, 2026 | HOOPINGARNER JOHN Mdirector | Buy | 931 | $14.93 |
| May 28, 2026 | Schunn Bethany Edirector, other: Director Unified Bank | Buy | 1,175 | $14.93 |
| May 28, 2026 | EVERSON SCOTT Aofficer: Chairman Pres and CEO | Buy | 2,213 | $14.93 |
| May 23, 2025 | GREENWOOD RANDALL Mofficer: SVP CFO | Buy | 1,006 | $13.62 |
| May 23, 2025 | HOOPINGARNER JOHN Mdirector | Buy | 927 | $13.62 |
| May 23, 2025 | Glessner Gary Wdirector | Buy | 3,497 | $13.62 |
| May 23, 2025 | Hendershot Brian Mdirector | Buy | 2,207 | $13.62 |
| May 23, 2025 | Branstetter Matthew Fredrickofficer: SVP COO | Buy | 339 | $13.62 |
| May 23, 2025 | Schunn Bethany Edirector | Buy | 836 | $13.62 |
| May 23, 2025 | EVERSON SCOTT Aofficer: Chairman, President and CEO | Buy | 2,197 | $13.62 |
Source: UBCP SEC Form 4 filings, latest May 28, 2026. For informational purposes only — not investment advice.
See the full UBCP insider & 13F page →United Bancorp, Inc. company profile
Overview
United Bancorp, Inc. (NASDAQ:UBCP) is a regional bank holding company founded in 1902 and headquartered in Martins Ferry, Ohio. The company operates through its subsidiary Unified Bank, providing traditional commercial and retail banking services across eastern Ohio and parts of West Virginia. With over 120 years of history, United Bancorp has established itself as a community-focused financial institution serving rural and small-town markets in the Ohio River Valley region.
Business
United Bancorp operates in the regional banking industry, which involves collecting deposits from customers and lending those funds to borrowers while earning a profit on the interest rate spread. The company provides traditional banking services through Unified Bank, its primary operating subsidiary. The bank's core services include deposit products such as demand deposits (checking accounts), savings accounts, and time deposits (certificates of deposit). These products allow customers to store money safely while earning interest, and they provide the bank with funds to lend to other customers. On the lending side, United Bancorp offers commercial loans to businesses for working capital, equipment purchases, and expansion; commercial and residential real estate loans for property purchases and development; and consumer loans for personal needs like auto purchases and home improvements. Real estate lending typically represents the largest portion of most community banks' loan portfolios due to the collateralized nature and relatively stable demand. The bank operates through a network of banking offices across seven counties in Ohio (Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson, and Tuscarawas) and two counties in West Virginia (Marshall and Ohio), plus a loan production office in Wheeling, West Virginia. This geographic footprint positions the bank in primarily rural and small-town markets where larger national banks may have less presence, allowing United Bancorp to focus on relationship-based banking with local businesses and residents.
Revenue model
United Bancorp generates revenue primarily through net interest income, which is the difference between interest earned on loans and investments and interest paid on deposits and borrowed funds. This spread typically represents 70-80% of total revenue for community banks. The bank also earns non-interest income from fees on deposit accounts, loan origination fees, wealth management services, and other banking services. The bank's customers are primarily small to medium-sized businesses, individual consumers, and real estate developers in its geographic markets. Commercial borrowers seek loans for business operations, while consumers need mortgages, auto loans, and personal credit. Depositors include both businesses needing operational accounts and individuals seeking safe places to store savings. Several factors influence the bank's profitability margins. Interest rate environment is crucial - rising rates can improve net interest margins if loan rates adjust faster than deposit costs, while falling rates can compress margins. Credit quality significantly impacts profitability, as loan losses directly reduce earnings. Local economic conditions in the Ohio River Valley affect both loan demand and credit quality. Competition from larger banks, credit unions, and fintech companies can pressure both loan pricing and deposit costs. Regulatory compliance costs represent a higher burden for smaller banks relative to their size. Finally, the bank's operational efficiency - managing expenses relative to revenue - determines how much of the interest spread converts to profit.
Competitive moat
United Bancorp's competitive moat is relatively narrow, typical of smaller community banks. The company's primary advantages stem from its local market knowledge and relationship-based banking approach in rural Ohio and West Virginia markets. These smaller communities often value personal service and local decision-making that larger national banks cannot easily replicate. The bank benefits from geographic concentration in markets where it has established brand recognition and customer relationships built over decades. Local businesses and residents may prefer working with bankers who understand the regional economy and can make lending decisions locally rather than through distant corporate offices. However, this moat faces significant challenges. Digital banking technology increasingly allows larger banks and fintech companies to serve rural customers remotely, reducing the importance of physical presence. Scale disadvantages mean United Bancorp cannot match the technology investments, product breadth, or pricing of larger competitors. The bank's limited geographic diversification makes it vulnerable to regional economic downturns, particularly given its concentration in areas dependent on traditional industries. Regulatory burden disproportionately affects smaller banks, as compliance costs are largely fixed regardless of bank size. Additionally, the bank faces succession and talent challenges common in rural markets, where attracting experienced banking professionals can be difficult. The competitive moat is therefore modest and primarily defensive, relying on customer inertia and local relationships rather than sustainable competitive advantages.
Risks & safety
United Bancorp presents moderate financial risk with some concerning liquidity metrics but reasonable profitability and capital levels. 1. Solvency and Capital: The bank maintains adequate capital with a debt-to-equity ratio of 2.08x as of Q4 2024, typical for banks due to their deposit-heavy funding structure. Return on equity of 11.7% for 2024 indicates reasonable profitability. 2. Liquidity Concerns: Current ratio of 0.04x reflects the banking business model where deposits (liabilities) far exceed liquid assets, but this is structurally normal for banks. Cash and short-term investments of $19.6 million represent only 2.4% of total assets, requiring careful deposit management. 3. Valuation Metrics: Trading at 9.7x trailing earnings and 1.13x book value, the stock appears reasonably valued for a small regional bank. EV/EBITDA of 21.7x seems elevated but reflects the capital-intensive nature of banking. 4. Operational Cash Flow: Generated $8.4 million in operating cash flow for 2024, though free cash flow was negative $1.2 million due to capital expenditures. 5. Other Considerations: Small size ($79 million market cap) creates liquidity risk for investors and limits access to capital markets during stress periods.
Recent development
Based on available financial data, United Bancorp has maintained relatively stable operations over recent years without major strategic pivots or dramatic expansion initiatives. The bank has focused on steady organic growth within its established geographic footprint rather than pursuing acquisitions or entering new markets. Revenue has remained consistent, ranging from $28-30 million annually, suggesting the bank is maintaining its market position without significant expansion. Profitability has been solid, with net income of $7.1 million in 2024 compared to $8.6 million in both 2023 and 2022, indicating some recent pressure on earnings. The bank appears to have maintained its conservative approach to lending and operations, typical of community banks during uncertain economic periods. Asset quality appears stable based on consistent profitability metrics, though specific loan loss provisions and non-performing asset details would require deeper analysis of regulatory filings. Technology investments and digital banking capabilities likely represent ongoing development areas, though specific initiatives are not apparent from the available data. The bank has maintained its branch network across its Ohio and West Virginia markets, suggesting a continued commitment to relationship-based community banking rather than dramatic operational restructuring.
UBCP company profile · for informational purposes only — not investment advice.
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