Short Interest in United Bancorporation of Alabama, Inc. (OTCMKTS:UBAB) Drops By 42.5%

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

United Bancorporation of Alabama Trading Up 1.6%

Shares of UBAB stock opened at $62.00 on Tuesday. United Bancorporation of Alabama has a twelve month low of $49.01 and a twelve month high of $62.00. The stock’s fifty day simple moving average is $59.36 and its 200 day simple moving average is $54.68. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $189.72 million, a P/E ratio of 10.08 and a beta of 0.44.

United Bancorporation of Alabama (OTCMKTS:UBAB) last posted its earnings results on Wednesday, August 5th. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.31 by $0.60. United Bancorporation of Alabama had a return on equity of 14.40% and a net margin of 23.54%.The firm had revenue of $19.82 million during the quarter, compared to the consensus estimate of $24.18 million. As a group, sell-side analysts predict that United Bancorporation of Alabama will post 5.35 EPS for the current fiscal year.

About United Bancorporation of Alabama

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.