Short Interest in United Bancorporation of Alabama, Inc. (OTCMKTS:UBAB) Increases By 141.0%

United Bancorporation of Alabama, Inc. (OTCMKTS:UBAB) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 2,280 shares, an increase of 141.0% from the June 15th total of 946 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 4,826 shares, the days-to-cover ratio is presently 0.5 days.

United Bancorporation of Alabama Price Performance

Shares of OTCMKTS UBAB opened at $59.90 on Tuesday. United Bancorporation of Alabama has a 52 week low of $49.01 and a 52 week high of $59.98. The business has a 50-day simple moving average of $54.75 and a two-hundred day simple moving average of $52.70. 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 company has a market cap of $183.29 million, a P/E ratio of 10.70 and a beta of 0.45.

United Bancorporation of Alabama (OTCMKTS:UBAB) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.51. United Bancorporation of Alabama had a return on equity of 13.65% and a net margin of 22.47%.The firm had revenue of $19.37 million for the quarter, compared to analysts’ expectations of $22.50 million. Research analysts anticipate that United Bancorporation of Alabama will post 5.35 earnings per share 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.