United Bancorp (UBCP) AI Stock Analysis

• Market Cap: $87.27M
• Dividend Yield: 6.51%
• Average Volume (3M): 4.31K
• Price to Earnings (P/E): 10.2
• Beta (1Y): 0.03
• Revenue Growth: 6.31%
• EPS Growth: -5.00%
• Country: US
• Employees: 115
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.35
• Shares Outstanding: 5,756,852
• 10 Day Avg. Volume: 3,318
• 30 Day Avg. Volume: 4,310
• PEG Ratio: 0.92
• Price to Book (P/B): 1.12
• Price to Sales (P/S): 1.66
• P/FCF Ratio: -43.23
• Enterprise Value/Market Cap: 0.81
• Enterprise Value/Revenue: 1.48
• Enterprise Value/Gross Profit: 2.20
• Enterprise Value/Ebitda: 7.60
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 1.55
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: $16.50 ▲(13.87% Upside)
• Action: Reiterated Date: 03/20/26
• Date: Action: Reiterated 03/20/26

The score is driven primarily by mixed financial quality: steady growth and improved 2025 balance-sheet leverage are offset by two years of negative free cash flow and rising CRE concentration risk. Technicals are moderately supportive with the stock above key moving averages and positive MACD. Valuation and income are attractive (low P/E and ~6% yield), reinforced by the announced special dividend.

Positive Factors

Revenue Growth

Stable revenue growth indicates consistent demand for services and effective market penetration, supporting long-term business sustainability.

Operational Efficiency

High gross profit margin reflects strong operational efficiency, enabling the company to maintain profitability even in competitive markets.

Dividend Commitment

Consistent dividend payments demonstrate financial stability and a commitment to returning value to shareholders, enhancing investor confidence.

Negative Factors

Increasing Leverage

Higher leverage can increase financial risk, potentially impacting the company's ability to invest in growth and manage economic downturns.

Declining Free Cash Flow

Declining free cash flow limits financial flexibility, potentially constraining the company's ability to fund new projects and return capital to shareholders.

Profit Margin Pressure

Decreasing net profit margin suggests pressure on profitability, which could affect long-term earnings potential if not addressed.

United Bancorp Business Overview & Revenue Model

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.

How the Company Makes Money

United Bancorp makes money primarily through its banking subsidiary by (1) generating net interest income and (2) earning noninterest income, while incurring operating expenses and provisioning for credit losses. 1) Net interest income (core earnings driver): The bank earns interest and fees on loans (e.g., commercial and industrial lending, commercial and residential real estate lending, and consumer loans) and on its securities and other interest-earning assets. It pays interest to depositors (interest-bearing checking, savings, money market accounts, and certificates of deposit) and on any borrowings. The difference between interest income and interest expense (the net interest margin) is typically the largest source of revenue for a community bank. Loan growth, the mix between higher-yielding loans versus lower-yielding assets, funding costs (especially deposit pricing), and changes in market interest rates are key factors affecting earnings. 2) Noninterest income (fees and service charges): The bank also earns revenue from customer fees and other service-related income associated with deposit accounts and payment services (for example, service charges and other account-related fees). Specific noninterest income categories beyond general banking fee income are not available (null). 3) Credit and operating factors that impact profitability: Profitability depends on credit performance (loan losses and the provision for credit losses), operating efficiency (personnel, occupancy, technology, and other noninterest expenses), and regulatory/compliance costs typical for insured depository institutions. Significant partnerships or material revenue-sharing arrangements are not available (null).

United Bancorp Financial Statement Overview

Summary

Steady revenue growth and still-respectable profitability are positives, and the balance sheet appears materially de-risked in 2025 with low-teens ROE. However, cash generation is a key concern: free cash flow turned negative in 2024–2025 despite positive earnings, reducing financial flexibility. KPI insight adds risk: growing concentration in commercial real estate increases cyclicality and potential credit sensitivity.

Income Statement

Revenue has grown steadily from 2023–2025 (low-to-mid single digits most recently), but profitability has softened versus the 2021–2023 peak. Net margins and operating profitability remain solid for the period, yet have trended down meaningfully since 2022–2023, suggesting some pressure from costs, mix, or credit/interest-rate dynamics.

Balance Sheet

Leverage improved sharply in 2025, with debt relative to equity moving from very elevated levels in 2023–2024 to a much more conservative position in 2025. Equity has been stable-to-up, and returns on equity remain healthy around the low-teens. The main watch-out is the prior period’s high leverage profile (2023–2024), which highlights balance-sheet sensitivity if conditions tighten again.

Cash Flow

Operating cash flow is positive, but free cash flow has been inconsistent—strongly positive in 2021–2023 and turning negative in 2024–2025. The latest year shows a sharp deterioration in free cash flow growth and negative free cash flow relative to net income, indicating earnings are not currently translating into residual cash after investing needs.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	47.50M	43.98M	40.90M	31.74M	30.41M
Gross Profit	31.99M	28.96M	30.34M	29.43M	29.07M
EBITDA	9.26M	8.52M	10.64M	10.70M	11.97M
Net Income	7.75M	7.40M	8.95M	8.66M	9.45M
Balance Sheet
Total Assets	857.44M	816.66M	819.45M	757.40M	724.46M
Cash, Cash Equivalents and Short-Term Investments	163.12M	138.84M	210.73M	247.70M	229.31M
Total Debt	29.40M	132.21M	128.33M	41.83M	39.37M
Total Liabilities	786.93M	753.20M	755.86M	697.66M	652.75M
Stockholders Equity	70.52M	63.46M	63.59M	59.74M	71.70M
Cash Flow
Free Cash Flow	-1.82M	-1.25M	8.38M	7.97M	7.42M
Operating Cash Flow	9.96M	8.45M	9.46M	8.48M	8.19M
Investing Cash Flow	-4.01M	-19.46M	-48.47M	-103.26M	-1.21M
Financing Cash Flow	20.98M	-10.14M	49.70M	41.86M	24.42M

United Bancorp Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 14.49
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UBCP, the sentiment is Neutral. The current price of 14.49 is below the 20-day moving average (MA) of 14.80, above the 50-day MA of 14.19, and above the 200-day MA of 13.47, indicating a neutral trend. The MACD of 0.27 indicates Positive momentum. The RSI at 50.69 is Neutral, neither overbought nor oversold. The STOCH value of 15.36 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for UBCP.

United Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BOTJ	73 Outperform	$95.41M	9.36	12.15%	2.18%	6.17%	-6.13%
UBCP	68 Neutral	$87.27M	10.17	12.01%	6.51%	6.31%	-5.00%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
FUSB	65 Neutral	$86.16M	13.56	5.80%	2.08%	1.03%	-35.72%
BYFC	54 Neutral	$71.38M	-0.65	-8.79%	―	2.54%	-174.74%
FNWB	46 Neutral	$81.18M	-21.37	-2.76%	2.88%	8.02%	21.36%
SSBI	45 Neutral	$86.73M	11.51	6.89%	―	-0.81%	-129.22%

United Bancorp Corporate Events

United Bancorp Declares Regular and Special Shareholder Dividends

On February 18, 2026, United Bancorp, Inc.’s Board of Directors declared its regular dividend for the first quarter of 2026 along with a one-time special dividend, both payable on March 20, 2026 to shareholders of record on March 10, 2026. The move, disclosed in a February 19, 2026 press release, underscores the company’s capital strength and commitment to returning value to shareholders through enhanced cash distributions.

The most recent analyst rating on (UBCP) stock is a Hold with a $15.00 price target. To see the full list of analyst forecasts on United Bancorp stock, see the UBCP Stock Forecast page.