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United Bankers

18.50 EUR

-2.12 %

4,472 following
Corporate customer

UNITED

NASDAQ Helsinki

Financial Services

Financials

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
-2.12 %
-4.88 %
-2.89 %
-2.89 %
-0.27 %
+5.11 %
+29.82 %
+50.41 %
+165.80 %

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
202.82M EUR
Turnover
170.41K EUR
P/E (adj.) (26e)
15.53
EV/EBIT (adj.) (26e)
11.56
P/B (26e)
3.3
EV/S (26e)
3.32
Dividend yield-% (26e)
6.49 %
Coverage
Recommendation
Reduce
Target price
19.00 EUR
Updated
14.03.2026
Disclaimer
Sauli Vilén
Sauli Vilén

Analyst

Latest research

Latest analysis report

Released: 16.03.2026

Latest extensive report

Released: 16.03.2026

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
20.8
2026

Interim report Q2'26

24.9
2026

Half year dividend

Risk
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Valuation risk
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Research
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Press releases
ShowingAll content types
Analyst Comment3/24/2026, 8:04 AM by
Sauli Vilén

Impact of rising interest rates on asset managers: Who wins and who loses?

The effects of rising interest rates vary significantly from company to company. The biggest winners are fixed-income asset managers.

TaalerieQEvliUnited BankersAlexandria GroupCapManTitaniumMandatumAktia Pankki
Regulatory press release3/20/2026, 1:15 PM

Resolutions of United Bankers Plc’s Annual General Meeting and the constitutive meeting of the Board of Directors

United Bankers
Regulatory press release3/18/2026, 9:30 AM

United Bankers Plc: Notification of Manager’s Transactions – Ojanperä, John

United Bankers

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Regulatory press release3/18/2026, 9:30 AM

United Bankers Plc: Notification of Manager’s Transactions – Lehti, Jani

United Bankers
Regulatory press release3/18/2026, 9:30 AM

United Bankers Plc: Notification of Manager’s Transactions – Anderson, Patrick

United Bankers
Regulatory press release3/18/2026, 9:30 AM

United Bankers Plc: Notification of Manager’s Transactions – Rasku, Jukka

United Bankers
Regulatory press release3/18/2026, 9:30 AM

United Bankers Plc: Notification of Manager’s Transactions – Noramaa, Inka

United Bankers
Regulatory press release3/18/2026, 9:30 AM

nited Bankers Plc: Notification of Manager’s Transactions – Ronkainen, Timo

United Bankers
Regulatory press release3/18/2026, 9:30 AM

United Bankers Plc: Notification of Manager’s Transactions – Saukkola, Jarkko

United Bankers
Regulatory press release3/16/2026, 10:45 AM

United Bankers Plc’s directed share issue without consideration for the payment of rewards under the management share-based incentive plan

United Bankers
United Bankers Extensive Report: Growth engine is still gaining momentum
Extensive research3/16/2026, 12:42 PM by
Sauli Vilén

United Bankers Extensive Report: Growth engine is still gaining momentum

UB's investment story has improved significantly in recent years, and the longer-term growth outlook is attractive.

United Bankers
Analyst Comment3/13/2026, 7:42 AM by
Sauli Vilén, Kasper Mellas

The earnings growth outlook for asset managers in the coming years is strong

We estimate an average earnings growth of almost 20% for asset managers in 2026, driven by record-high AUM levels.

Aktia PankkiTitaniumMandatumeQAlexandria GroupEvliCapManUnited BankersTaaleri
Analyst Comment3/11/2026, 7:53 AM by
Sauli Vilén, Kasper Mellas

Finnish fund sales continued their strong momentum in February

Net subscriptions to Finnish investment funds in February amounted to almost two billion euros.

Alexandria GroupAktia PankkieQEvliUnited Bankers
Press release3/2/2026, 11:45 AM

Saxdor Yachts, supported by United Bankers, has been sold to Malibu Boats for approximately EUR 150 million – significant additional purchase price possible

United Bankers
Press release2/26/2026, 1:00 PM

United Bankers' UB Timberland Fund sold a plot of land in Vaala to Google

United Bankers
Regulatory press release2/26/2026, 8:00 AM

United Bankers Plc’s Notice to the Annual General Meeting

United Bankers
Regulatory press release2/26/2026, 7:00 AM

United Bankers Plc’s Annual Report and Remuneration Report for 2025, and the updated Remuneration Policy, have been published

United Bankers
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
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
unitedbankers.fi Varainhoidon ja sijoittamisen asiantuntija | United Bankers Luotettavia sijoituspalveluita vuodesta 1986. Yksilöllinen varainhoito, sijoitusrahastot ja sijoitusneuvonta. United Bankers’ fund UB Metsä sold land to Google in Vaala United Bankers’ special investment...
2/26/2026, 1:18 PM
by Cadel
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
Let’s share this from another thread, as it is UB’s own customer story after all: Finanssisektori sijoituskohteena - #926 käyttäjältä Sauli_Vilen For the sake of clarity, the share of those structured products in UB’s revenue is currently ~5%.
2/17/2026, 8:51 AM
by Sauli Vilen
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
2
We chatted with Sauli about UB’s situation, more on earnings growth and new sales in the video as well. Inderes United Bankers: Uusmyyntiin tarvitaan potkua - Inderes Aika: 17.03.2026 klo 13.15 United Bankersin pitkän aikavälin tuloskasvunäkymä on edelleen erittäin hyvä, mutta lyhyell...
3/17/2026, 11:26 AM
by Mikael Maijala
1
UB is pretty cool. Ruoholahti proletarian Sauli has produced a comprehensive report on United Bankers, and like other comprehensive reports, it is available for everyone to read and there are no paywalls UB’s investment story has improved significantly in recent years, and it has...
3/14/2026, 8:55 AM
by Sijoittaja-alokas
1
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