United Bancorp Inc is a US-listed company in the regional banks industry. Its financial year ends in December.
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months to June 2026 was $32m, up 11.0% on a year earlier, faster than the 6.4% growth a quarter earlier.
Our model value for United Bancorp is under review, so past values are not shown until it is resolved.
Source: 10-Q filed August 12, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
United Bancorp Inc's trailing-twelve-month revenue grew 11.0% year on year, with a free-cash-flow margin of -4.1%.
Current signal Revenue growth accelerating: TTM revenue growth rose to 11.0% (+4.6pp vs the prior quarter).
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
No model value for United Bancorp Inc at the moment. Current status: data-quality checks not passed. Available reported financials are shown below.
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value United Bancorp Inc as a bank or lender, with every model that fits that kind of business. Cost of equity 7.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.6 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$22 ~$16–$30 | Primary model, counts double |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | ~$27 ~$22–$35 | Included |
| Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. | ~$19 ~$12–$26 | Included |
| Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. | ~$10 ~$13–$20 | Included |
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | ~$13 ~$15–$20 | Included |
| Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. | ~$27 ~$22–$35 | Included |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare United Bancorp Inc with banks and lenders in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Strong moat
How hard United Bancorp's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
Net income has been a median 0.9% of total assets over 10 years.
Net margin has been a median 26.0%; its worst year was 18.3%.
The diluted share count rose 0.1% over five years; stock-based pay has been a median 1.1% of revenue.
AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (76 before it).
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $1.35 | +1% | $27m | +2% |
| Next | $1.62 | +20% | $29m | +7% |
In the last 30 days, 0 analysts raised United Bancorp Inc's forecast and 1 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 60 days ago | $1.35 | $1.62 |
| 30 days ago | $1.35 | $1.62 |
| 7 days ago | $1.35 | $1.62 |
| Now | $1.35 | $1.62 |
Last 12 months +17.4%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $30m | $32m | +6.8% |
| Net margin | 24.5% | 24.5% | +0.1% |
| P/E multiple | 9.1x | 9.9x | +8.7% |
| Share count | 6m | 5m | +0.9% |
Biggest factor: p/e multiple.
Last 3 years +62.9%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $30m | $32m | +8.8% |
| Net margin | 29.4% | 24.5% | −16.5% |
| P/E multiple | 5.5x | 9.9x | +78.8% |
| Share count | 5m | 5m | +0.3% |
Biggest factor: p/e multiple.
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| UBCP | +32% | −7% | −7% | +8% | +18% | +6% |
| Industry peers (median) | +34% | −4% | −2% | +16% | +10% | +24% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| UBCP | 58% | 42% | 50% | 42% | 50% | 55% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| UBCP | −17% | −29% | −34% | −24% | −15% | −19% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since October 29, 2015: 48% from April 19, 2022 to October 24, 2023. Getting back needed a 92% gain, reached on March 20, 2026, 878 days after the low.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| July 24, 2026 | +1.4% | +0.1% | −1.7% | −0.2% |
| May 7, 2026 | 0.0% | +0.5% | −4.7% | 0.0% |
| February 3, 2026 | +1.8% | −1.3% | +2.1% | +8.9% |
| November 7, 2025 | −0.7% | +1.7% | +1.2% | +8.1% |
| August 1, 2025 | +0.5% | −0.1% | +0.3% | +1.1% |
| May 12, 2025 | −1.7% | +4.0% | +3.2% | +5.5% |
| February 7, 2025 | +1.7% | −0.2% | −1.7% | +1.1% |
| November 6, 2024 | +4.1% | +3.3% | +0.2% | +10.0% |
| August 8, 2024 | −5.6% | +2.8% | −3.8% | −0.7% |
| May 9, 2024 | −1.3% | +0.7% | −3.8% | −8.8% |
| February 6, 2024 | −0.1% | +1.1% | +0.1% | +5.0% |
| November 1, 2023 | +7.2% | +3.0% | +6.5% | +10.8% |
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY23 Q1 | $29.4M |
| FY23 Q2 | $29.8M |
| FY23 Q3 | $30M |
| FY23 Q4 | $29.9M |
| FY24 Q1 | $29.4M |
| FY24 Q2 | $29.4M |
| FY24 Q3 | $29.3M |
| FY24 Q4 | $29.3M |
| FY25 Q1 | $29.8M |
| FY25 Q2 | $30.4M |
| FY25 Q3 | $31.1M |
| FY25 Q4 | $32.5M |
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY23 Q1 | 4.8% |
| FY23 Q2 | 5.3% |
| FY23 Q3 | 7.6% |
| FY23 Q4 | 5.0% |
| FY24 Q1 | 0.1% |
| FY24 Q2 | -1.4% |
| FY24 Q3 | -2.4% |
| FY24 Q4 | -2.1% |
| FY25 Q1 | 1.3% |
| FY25 Q2 | 3.3% |
| FY25 Q3 | 6.4% |
| FY25 Q4 | 11.0% |
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY23 Q1 | 12.7% |
| FY23 Q2 | 30.4% |
| FY23 Q3 | 29.5% |
| FY23 Q4 | 28.0% |
| FY24 Q1 | 27.4% |
| FY24 Q2 | 13.5% |
| FY24 Q3 | -1.3% |
| FY24 Q4 | -4.3% |
| FY25 Q1 | -6.9% |
| FY25 Q2 | 3.0% |
| FY25 Q3 | 7.2% |
| FY25 Q4 | -4.1% |
| Fiscal year | 2010 Dec 2010 | 2011 Dec 2011 | 2012 Dec 2012 | 2013 Dec 2013 | 2014 Dec 2014 | 2015 Dec 2015 | 2016 Dec 2016 | 2017 Dec 2017 | 2018 Dec 2018 | 2019 Dec 2019 | LTM Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income | |||||||||||
| Revenue | 19 | 19 | 18 | 18 | 18 | 18 | 19 | 19 | 22 | 25 | 32 |
| Net income | 3 | 3 | 2 | 3 | 3 | 3 | 4 | 4 | 4 | 7 | 8 |
| Diluted EPS | $0.52 | $0.62 | $0.48 | $0.53 | $0.53 | $0.64 | $0.71 | $0.71 | $0.82 | $1.19 | $1.41 |
| Growth (year on year) | |||||||||||
| Revenue | — | +2.8% | −7.7% | +3.8% | −3.3% | −0.0% | +5.3% | +4.4% | +12.7% | +13.7% | +11.0% |
| Net income | — | +21.4% | −22.4% | +8.9% | +1.5% | +21.6% | +11.0% | −0.9% | +20.8% | +59.0% | +4.7% |
| Diluted EPS | — | +19.2% | −22.6% | +10.4% | 0.0% | +20.8% | +10.9% | 0.0% | +15.5% | +45.1% | +5.6% |
| Margins | |||||||||||
| Net margin | 13.8% | 16.3% | 13.7% | 14.3% | 15.1% | 18.3% | 19.3% | 18.3% | 19.6% | 27.5% | 23.9% |
| Free-cash-flow margin | 28.2% | 25.0% | 23.2% | 32.1% | 22.0% | 16.8% | 10.4% | 19.6% | 22.8% | 29.4% | −4.1% |
| Cash flow | |||||||||||
| Cash from operations | 7 | 6 | 6 | 7 | 4 | 4 | 4 | 5 | 6 | 9 | 10 |
| Capital spending | 1 | 1 | 2 | 1 | 0 | 1 | 2 | 1 | 1 | 1 | 12 |
| Free cash flow | 5 | 5 | 4 | 6 | 4 | 3 | 2 | 4 | 5 | 7 | −1 |
| Stock-based pay | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free cash flow after stock pay | 5 | 5 | 4 | 6 | 4 | 3 | 2 | 4 | 5 | 7 | −2 |
| Balance sheet | |||||||||||
| Cash | 11 | 16 | 75 | 23 | 39 | 13 | 12 | 14 | 25 | 15 | 47 |
| Total debt | 12 | 10 | 11 | 6 | 5 | 6 | 9 | 11 | 8 | 7 | 0 |
| Net debt (negative = net cash) | 1 | −6 | −64 | −18 | −34 | −7 | −2 | −3 | −17 | −8 | −47 |
| Diluted shares | — | 5m | 5m | 5m | 5m | 5m | 5m | 5m | 5m | 6m | 5m |
| Returned to shareholders | |||||||||||
| Dividends | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 5 |
| Buybacks | — | — | — | — | — | — | — | — | — | 0 | 0 |
| Total returned | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 4 | 6 |
| Quarter | 2024 Q1 Mar 2024 | 2024 Q2 Jun 2024 | 2024 Q3 Sept 2024 | 2024 Q4 Dec 2024 | 2025 Q1 Mar 2025 | 2025 Q2 Jun 2025 | 2025 Q3 Sept 2025 | 2025 Q4 Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 6,981 | 7,386 | 7,354 | 7,539 | 7,528 | 7,985 | 8,077 | 8,889 |
| Net income | 1,993 | 1,740 | 1,820 | 1,849 | 1,872 | 1,914 | 1,931 | 2,036 |
| Diluted EPS | $0.35 | $0.30 | $0.31 | $0.31 | $0.32 | $0.33 | $0.34 | $0.35 |
| Growth (year on year) | ||||||||
| Revenue | −6.2% | −0.1% | −2.3% | +0.1% | +7.8% | +8.1% | +9.8% | +17.9% |
| Net income | +5.6% | −23.7% | −23.9% | −22.6% | −6.1% | +10.0% | +6.1% | +10.1% |
| Diluted EPS | +6.1% | −25.0% | −26.2% | −26.2% | −8.6% | +10.0% | +9.7% | +12.9% |
| Margins | ||||||||
| Net margin | 28.5% | 23.6% | 24.7% | 24.5% | 24.9% | 24.0% | 23.9% | 22.9% |
| Free-cash-flow margin | 3.2% | −20.5% | −22.9% | 22.9% | −7.9% | 18.3% | −4.5% | −20.5% |
| Cash flow | ||||||||
| Cash from operations | 3,615 | −789 | 4,410 | 1,212 | 1,064 | 3,781 | 3,165 | 2,446 |
| Capital spending | 3,392 | 727 | 6,091 | −515 | 1,658 | 2,317 | 3,532 | 4,271 |
| Free cash flow | 223 | −1,516 | −1,681 | 1,727 | −594 | 1,464 | −367 | −1,825 |
| Stock-based pay | 543 | 137 | 42 | 163 | 89 | 88 | 88 | 92 |
| Free cash flow after stock pay | −320 | −1,653 | −1,723 | 1,564 | −683 | 1,376 | −455 | −1,917 |
| Last 12 months unless stated | UBCP | BAFN | SRBK | AUBN | BYFC | ECBK | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $32m | $33m | $33m | $34m | $39m | $39m | $255m |
| Revenue growth, last 12 months | 11.0% | −64.7% | 0.4% | 9.2% | 14.2% | 35.5% | 12.5% |
| Revenue growth, 3-year average | 4.5% | −24.0% | — | −0.8% | 3.9% | 12.8% | 6.0% |
| Revenue growth, latest quarter | 17.9% | −88.5% | −8.3% | 7.8% | 28.7% | 29.0% | 10.8% |
| Net margin | 23.9% | −182.3% | 10.0% | 24.5% | −53.8% | 29.4% | 28.7% |
| Cash from operations / revenue | 32.2% | 443.1% | 32.0% | 33.9% | 17.5% | 58.6% | 34.3% |
| Free-cash-flow margin | −4.1% | 442.7% | 29.5% | 27.6% | 16.0% | 57.7% | 31.4% |
| Free-cash-flow margin, 3-year average | 6.6% | 434.7% | 18.1% | 30.0% | 10.4% | 31.7% | 29.9% |
| Stock pay / revenue | 1.1% | 0.4% | 6.4% | 0.3% | 1.7% | 3.3% | 1.2% |
| Change in share count | −0.9% | −0.5% | −9.6% | 0.0% | 0.6% | −0.6% | 0.4% |
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Vanguard Capital Management LLC | $1.8M | 113K | 14.7% | ▲ 24.2% |
| Commonwealth Financial Services, LLC | $1.4M | 89K | 11.6% | ▲ 2.1% |
| Post Resch Tallon Group Inc. | $884,114 | 56K | 7.2% | ▲ 29.0% |
| Geode Capital Management, LLC | $869,886 | 55K | 7.1% | ▲ 10.3% |
| Stratos Wealth Partners, Ltd. | $774,552 | 49K | 6.3% | New |
| Dimensional Fund Advisors LP | $722,683 | 46K | 5.9% | ▲ 0.8% |
| Bahl & Gaynor LLC | $635,994 | 40K | 5.2% | 0.0% |
| Vawter Financial, Ltd. | $577,905 | 36K | 4.7% | ▲ 0.2% |
| Raffles Associates LP | $562,120 | 35K | 4.6% | ▲ 100.0% |
| Appalachian Capital Management Ltd | $530,187 | 33K | 4.3% | 0.0% |
| Wesbanco Bank Inc | $497,997 | 31K | 4.1% | 0.0% |
| Blackrock, Inc. | $463,600 | 29K | 3.8% | ▲ 19.1% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not United Bancorp Inc's complete shareholder register. Values are as reported by the filers .
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Schunn Bethany E Director | May 28, 2026 | Buy | 1,175 | $14.93 | $17,543 |
| Glessner Gary W Director | May 27, 2026 | Buy | 3,527 | $14.93 | $52,658 |
| Everson Scott A Chairman Pres and CEO | May 27, 2026 | Buy | 2,213 | $14.93 | $33,040 |
| Branstetter Matthew Fredrick Chief Operating Officer | May 27, 2026 | Buy | 380 | $14.93 | $5,673 |
| Hoopingarner John M Director | May 27, 2026 | Buy | 931 | $14.93 | $13,900 |
| Clark Jonathan Chase Director | May 27, 2026 | Buy | 1,511 | $14.93 | $22,559 |
| Ball Erin S Director | May 27, 2026 | Buy | 632 | $14.93 | $9,436 |
| Greenwood Randall M SR VP CFO and Treasurer | May 27, 2026 | Buy | 1,034 | $14.93 | $15,438 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Next expected around November 6, 2026 estimated from the company's past filing pattern, not announced
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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