Zacks Investment Research Lowers United Bancorporation of Alabama (OTCMKTS:UBAB) to Hold

Zacks Investment Research lowered shares of United Bancorporation of Alabama (OTCMKTS:UBAB) from a buy rating to a hold rating in a research report report published on Wednesday morning, Zacks.com reports.

According to Zacks, “United Bancorporation of Alabama Inc. is a parent company of United Bank and UB Community Development. It provides range of deposit products and loans, as well as other services such as Internet banking and brokerage services. United Bancorporation of Alabama Inc. is based in ATMORE, Ala. “

Shares of United Bancorporation of Alabama stock opened at $29.74 on Wednesday. The stock’s fifty day moving average is $29.69 and its two-hundred day moving average is $29.95. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.13. United Bancorporation of Alabama has a 52 week low of $24.50 and a 52 week high of $31.98.

United Bancorporation of Alabama (OTCMKTS:UBAB) last announced its quarterly earnings data on Wednesday, October 27th. The company reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.31. United Bancorporation of Alabama had a return on equity of 16.75% and a net margin of 30.77%. The company had revenue of $13.64 million for the quarter, compared to the consensus estimate of $9.79 million. As a group, research analysts predict that United Bancorporation of Alabama will post 4.87 EPS for the current year.

About United Bancorporation of Alabama

United Bancorp of Alabama, Inc is a bank holding company, which engages in the ownership and management of United Bank. It provides commercial banking services in Baldwin, Escambia, Monroe, and Santa Rosa counties through its bank subsidiary. The company was founded on March 8, 1982 and is headquartered in Atmore, AL.

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