trending Market Intelligence /marketintelligence/en/news-insights/trending/JxsG0nckMhkmiz5jjhZc1g2 content esgSubNav
In This List

Evaluate Research initiates coverage on Ohio-based United Bancorp

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Investment Banking Essentials Newsletter April Edition - 2022

Blog

Banking Essentials Newsletter April Edition - 2022


Evaluate Research initiates coverage on Ohio-based United Bancorp

Evaluate Research analyst Sandy Mehta initiated coverage on United Bancorp Inc., noting that the "undiscovered and undervalued" company has exceptionally strong EPS and dividend growth.

Mehta wrote that the Martins Ferry, Ohio-based company is in a sweet spot in its life cycle in terms of strong organic and acquisition related growth.

The analyst said EPS growth is driven by a 29% year-over-year increase in higher-yielding earning assets, which has resulted in a 30% increase in year-to-date interest income. She also noted that the company remains well-capitalized with 16.1% total capital to risk-weighted assets, in addition to having excess liquidity and being underleveraged.

Mehta assigned United Bancorp a "buy" rating and a price target of $17.