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United Bankers

18.55 EUR

-1.85 %

4,442 following
Corporate customer

UNITED

NASDAQ Helsinki

Financial Services

Financials

Overview
Financials & Estimates
Investor consensus
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-1.85 %
-0.80 %
-2.62 %
+1.37 %
+1.09 %
+3.63 %
+28.37 %
+36.40 %
+166.52 %

United Bankers is a Finnish expert on wealth management and investment markets, established in 1986. It is one of the oldest non-bank asset managers in Finland. The Group's wealth management business includes funds, discretionary portfolio management, and structured investment products. In its funds, United Bankers specialises in real asset investment solutions, focusing on forest, real estate, infrastructure, and renewable energy. The company also provides capital markets services. United Bankers' headquarters is located in Helsinki.

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Market cap
203.36M EUR
Turnover
68.37K EUR
P/E (adj.) (26e)
15.56
EV/EBIT (adj.) (26e)
11.14
P/B (26e)
3.24
EV/S (26e)
3.19
Dividend yield-% (26e)
6.47 %
Coverage
Recommendation
Reduce
Target price
18.00 EUR
Updated
12.02.2026
Disclaimer
Sauli Vilén
Sauli Vilén

Analyst

Latest research

Latest analysis report

Released: 13.02.2026

Latest extensive report

Released: 26.06.2024

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
20.3
2026

General meeting '26

23.3
2026

Half year dividend

20.8
2026

Interim report Q2'26

Risk
Business risk
Valuation risk
Low
High
All
Research
Webcasts
Press releases
ShowingAll content types
United Bankers H2'25: Company is accelerating growth investments
Research2/13/2026, 11:57 AM by
Sauli Vilén

United Bankers H2'25: Company is accelerating growth investments

The H2 report offered no major surprises. Earnings growth expectations have shifted forward by one year due to growth investments, but at the same time, the long-term earnings growth outlook is better than before.

United Bankers
Regulatory press release2/12/2026, 7:00 AM

United Bankers Plc’s Financial Statements Bulletin 2025: Strong year – assets under management exceeded EUR 5 billion

United Bankers
United Bankers acquires Fourton
Analyst Comment2/11/2026, 6:22 PM by
Sauli Vilén

United Bankers acquires Fourton

UB acquires fund management company Fourton. The transaction is small for UB's size, but it complements the company's product offering.

United Bankers

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Regulatory press release2/11/2026, 3:00 PM

Inside information: United Bankers Plc acquires fund management company Fourton Ltd

United Bankers
Analyst Comment2/11/2026, 7:29 AM by
Sauli Vilén, Kasper Mellas

Finnish fund capital started the year with strong net subscriptions

Finnish investment funds once again received net subscriptions of over one billion euros in January, with capital climbing to a new record of 205 BEUR.

Aktia PankkieQEvliAlexandria GroupUnited Bankers
United Bankers Q4'25 preview: When will the sales engine start delivering more power?
Analyst Comment2/9/2026, 10:15 AM by
Sauli Vilén

United Bankers Q4'25 preview: When will the sales engine start delivering more power?

UB delivers a good result driven by performance fees, but new sales are still underperforming. Therefore, the report will be scrutinized for building blocks that could accelerate sales growth.

United Bankers
Regulatory press release1/30/2026, 10:00 AM

Proposals of the Shareholders’ Nomination Board of United Bankers Plc to the Annual General Meeting 2026

United Bankers
Press release1/29/2026, 8:00 AM

Publication of United Bankers Plc’s 2025 Financial Statements Bulletin and invitation to result presentation on 12 February 2026

United Bankers
United Bankers unsurprisingly expands into PE funds
Analyst Comment1/19/2026, 12:57 PM by
Sauli Vilén

United Bankers unsurprisingly expands into PE funds

United Bankers announced on Monday that it is expanding its product range into the private equity market with a new specialized investment fund.

United Bankers
Press release1/19/2026, 8:00 AM

United Bankers expands its offering into the Private Equity market – Tero Wesanko to strengthen the asset management team

United Bankers
Press release1/15/2026, 8:00 AM

United Bankers launches a megatrend-focused fund – successful Pasi Havia named as Portfolio Manager

United Bankers
Analyst Comment1/15/2026, 7:35 AM by
Sauli Vilén, Kasper Mellas

Finnish fund assets break through psychological barrier at end of excellent year

Sales were strong in both equities and fixed income, and sales were also broadly distributed among operators.

Aktia PankkiTitaniumUnited BankersEvlieQAlexandria Group
Regulatory press release1/8/2026, 4:45 PM

United Bankers Plc’s share repurchase program announced in March 2025 has been completed

United Bankers
Regulatory press release1/8/2026, 4:30 PM

UNITED BANKERS PLC: ACQUISITION OF OWN SHARES 08.01.2026

United Bankers
Regulatory press release1/7/2026, 4:30 PM

UNITED BANKERS PLC: ACQUISITION OF OWN SHARES 07.01.2026

United Bankers
Regulatory press release1/2/2026, 4:30 PM

UNITED BANKERS PLC: ACQUISITION OF OWN SHARES 02.01.2026

United Bankers
Regulatory press release12/30/2025, 4:30 PM

UNITED BANKERS PLC: ACQUISITION OF OWN SHARES 30.12.2025

United Bankers
Analyst Comment12/29/2025, 11:40 AM by
Sauli Vilén, Kasper Mellas

2025 has been a year of ups and downs for asset managers

For asset managers on Nasdaq Helsinki, the trend has been mixed. The market situation has been very challenging for operators focusing on alternative investments, particularly real estate, while traditional asset management has continued to grow strongly.

Alexandria GroupeQAktia PankkiEvliTitaniumUnited BankersTaaleriCapManMandatum
Regulatory press release12/23/2025, 4:30 PM

UNITED BANKERS PLC: ACQUISITION OF OWN SHARES 23.12.2025

United Bankers
Investor Day | Nov. 24, 2025
Webcast12/23/2025, 10:00 AM

Investor Day | Nov. 24, 2025

On Investor Day, the focus is on the companies as they each share their updates.

United BankersRobitEndomines FinlandOrthexEnersense InternationalOutokumpuMultitudeSonae
Forum discussions
unitedbankers.fi Varainhoidon ja sijoittamisen asiantuntija | United Bankers Luotettavia sijoituspalveluita vuodesta 1986. Yksilöllinen varainhoito, sijoitusrahastot ja sijoitusneuvonta. United Bankers Plc (“United Bankers”, the “Company”) has today, by an agreement signed on 11 ...
2/11/2026, 3:24 PM
by Cadel
5
UB’s international cooperation regarding the investment bank: UB Corporate Finance ja Clairfield International aloittavat neuvonantajakumppanuuden - Inderes It’s good to note at the outset that the investment bank’s share of the company’s revenue is only a few percent, meaning these...
10/6/2025, 7:48 AM
by Sauli Vilen
4
Here are Sauli’s comments on how United Bankers is expanding into PE funds as expected United Bankers announced on Monday that it is expanding its product range into the private equity market with a new special investment fund. The move is in line with our view, and in our opinion...
1/19/2026, 1:07 PM
by Sijoittaja-alokas
3
The latest UB fund interview has been published! Inderes Uusi energiapuisto | Salkunhoitajat – UB Uusiutuva Energia - Inderes Aika: 19.09.2025 klo 12.11 UB Uusiutuva Energia -rahasto käynnisti uuden energiapuistohankkeen. Salkunhoitajat Tapio Nuotio ja Heikki Kauppinen kertovat rahaston...
9/19/2025, 9:20 AM
by Verneri Pulkkinen
2
United Bankersin suuromistaja osti yhtiön osakkeita noin 48 000 eurolla | Kauppalehti. Rasmus Finnilä, a board member and co-founder of United Bankers, purchased company shares for approximately 48,000 euros.
8/27/2025, 7:32 AM
2
Sale has briskly finished the UB company report as well The H2 report did not offer any major surprises. We remain positive about the company’s long-term outlook and expect brisk earnings growth from the company in the coming years. However, this year earnings will tread water, and...
2/12/2026, 8:35 PM
by Sijoittaja-alokas
1
Sale’s comments on UB buying Fourton United Bankers announced on Wednesday that it is acquiring the entire share capital of the fund management company Fourton Oy. The acquisition is small for United Bankers’ scale, but it is a strategically logical step in expanding the company’...
2/11/2026, 10:28 PM
by Sijoittaja-alokas
1
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