United Bancorporation of Alabama, Inc. (OTCMKTS:UBAB) Sees Large Decrease in Short Interest

United Bancorporation of Alabama, Inc. (OTCMKTS:UBAB) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 1,548 shares, a drop of 42.5% from the July 30th total of 2,690 shares. Based on an average daily volume of 1,081 shares, the short-interest ratio is currently 1.4 days. Currently, 0.1% of the company’s stock are sold short.

United Bancorporation of Alabama Price Performance

United Bancorporation of Alabama stock opened at $61.00 on Monday. United Bancorporation of Alabama has a fifty-two week low of $49.01 and a fifty-two week high of $62.00. The stock has a market cap of $186.35 million, a PE ratio of 9.92 and a beta of 0.44. The firm’s 50-day simple moving average is $59.22 and its 200 day simple moving average is $54.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.89 and a current ratio of 0.89.

United Bancorporation of Alabama (OTCMKTS:UBAB) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.60. United Bancorporation of Alabama had a net margin of 23.54% and a return on equity of 14.40%. The business had revenue of $19.82 million during the quarter, compared to the consensus estimate of $24.18 million. Research analysts predict that United Bancorporation of Alabama will post 5.35 EPS for the current fiscal year.

United Bancorporation of Alabama Company Profile

United Bancorporation of Alabama, Inc is a bank holding company headquartered in Mobile, Alabama, operating primarily through its wholly owned subsidiary, United Bank. As a community-oriented financial institution, the company focuses on serving individual consumers, small to mid-sized businesses, and municipal clients across Alabama’s Gulf Coast region. Its branch network and digital platforms provide access to a range of traditional banking services.

The company’s core offerings include demand and savings deposit accounts, money market accounts and certificates of deposit designed for both personal and business customers.