TRST vs UBCP

TrustCo Bank Corp NY vs United Bancorp, Inc. — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-03 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — TRST scores higher on quality with 8.4/10 vs UBCP's 7.7/10. TRST trades at $52.07 while UBCP trades at $16.05. Both analyzed daily using SEC EDGAR data across 13 institutional models.

TRST

Banks - Regional
TrustCo Bank Corp NY
Quality
8.4
out of 10
Value Trap
Price
$52.07
Last close
Models
11/13
Active
VS

UBCP

Banks - Regional
United Bancorp, Inc.
Quality
7.7
out of 10
Value Trap
21
SAFE
Price
$16.05
Last close
Models
11/13
Active
TRST
Earnings Power Value sees +31.7% upside
Limited to 2/13 visible models
UBCP
2 models active
Limited to 2/13 visible models

TRST vs UBCP — Fair Value Comparison

TRST
$0$27$54$81 Price$52.07 Bayesian …$49.70 (-4.6%) Earnings …$68.57 (+31.7%)
UBCP
$0$6$13$19 Price$16.05 Bayesian …$8.90 (-44.5%) Earnings …$11.64 (-27.4%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType TRST Fair ValueTRST Upside UBCP Fair ValueUBCP Upside
Bayesian DCF Intrinsic $49.70 -4.6% $8.90 -44.5%
Earnings Power Value Intrinsic $68.57 +31.7% $11.64 -27.4%
EROIC Spread Intrinsic $•••.•• ••.•% $•••.•• ••.•%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
Markov DDM Intrinsic $•••.•• ••.•% $•••.•• ••.•%
ML-RIV Intrinsic $•••.•• ••.•% $•••.•• ••.•%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%
FTNN Topology Relative $•••.•• ••.•% $•••.•• ••.•%
RCMH-DCF Intrinsic $•••.•• ••.•% $•••.•• ••.•%

TRST vs UBCP — Which Stock Is More Undervalued in 2026?

TRST scores higher with a 8.4/10 quality rating vs UBCP's 7.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do TRST and UBCP Valuations Compare?

At $52.07, TRST trades +4.6% above its Bayesian DCF fair value of $49.70, while UBCP at $16.05 trades +44.5% above its estimate of $8.90. UBCP shows a wider gap between price and intrinsic value.

Quality of Company: TRST vs UBCP

TRST earns a Quality of Company score of 8.4/10 compared to UBCP's 7.7/10. The scores are closely matched, indicating similar fundamental quality profiles. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: TRST vs UBCP

Review the value trap analysis for both TRST and UBCP to assess whether apparent undervaluation reflects genuine opportunity or hidden fundamental risk.

Both in Banks - Regional

Both TRST and UBCP operate in Banks - Regional, which has 329 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN), and ensemble methods (CUCE).

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