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

United Bancorporation of Alabama, Inc. (OTCMKTS:UBAB) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 135 shares, a decline of 87.3% from the April 15th total of 1,060 shares. Based on an average daily volume of 2,877 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

United Bancorporation of Alabama Stock Performance

Shares of UBAB stock opened at $52.50 on Thursday. United Bancorporation of Alabama has a fifty-two week low of $49.01 and a fifty-two week high of $57.00. The stock’s 50-day moving average is $51.11 and its two-hundred day moving average is $52.28. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $160.13 million, a P/E ratio of 9.38 and a beta of 0.46.

United Bancorporation of Alabama (OTCMKTS:UBAB) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.51. The business had revenue of $19.37 million during the quarter, compared to analyst estimates of $22.50 million. United Bancorporation of Alabama had a return on equity of 13.68% and a net margin of 22.47%. Analysts predict that United Bancorporation of Alabama will post 5.35 earnings per share 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.