Unity Bancorp, Inc. (UNTY)
| Market Cap | 455.36M |
| Revenue (ttm) | 100.81M |
| Net Income (ttm) | 39.72M |
| Shares Out | 9.99M |
| EPS (ttm) | 3.90 |
| PE Ratio | 11.52 |
| Forward PE | 10.20 |
| Dividend | $0.52 (1.16%) |
| Ex-Dividend Date | Sep 6, 2024 |
| Volume | 4,722 |
| Open | 45.40 |
| Previous Close | 44.93 |
| Day's Range | 45.28 - 45.85 |
| 52-Week Range | 25.33 - 48.08 |
| Beta | 1.00 |
| Analysts | Buy |
| Price Target | 41.50 (-8.99%) |
| Earnings Date | Jan 10, 2025 |
About UNTY
Unity Bancorp, Inc. operates as a bank holding company for Unity Bank that provides range of commercial and retail banking services to individuals, small and medium sized businesses, and professional communities. It offers personal and business checking accounts, time deposits, money market accounts, savings accounts, and retirement accounts, as well as noninterest and interest-bearing demand deposits. The company also provides small business administration loans; commercial loans; and residential mortgage and consumer loans, including resident... [Read more]
Financial Performance
In 2023, Unity Bancorp's revenue was $99.97 million, an increase of 6.49% compared to the previous year's $93.88 million. Earnings were $39.71 million, an increase of 3.25%.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for UNTY stock is "Buy." The 12-month stock price forecast is $41.5, which is a decrease of -8.99% from the latest price.
News
Unity's new CEO pitches 'fundamentally different company' after rough year
Unity CEO Matt Bromberg, who joined in May, is overseeing his first big product launch since taking over the gaming software company. Unity on Thursday announced the sixth version of its flagship prod...
Unity Bancorp Reports Quarterly Earnings of $10.9 Million
CLINTON, N.J., Oct. 11, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $10.9 million, or $1.07 per diluted share, for the quarter end...
Unity Bank Awards $50,000 in Grants to Local Businesses Through FHLB Small Business Recovery Grant Program
CLINTON, N.J., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Unity Bank is proud to announce that five local businesses have each been awarded $10,000 grants through the Federal Home Loan Bank of New York (FHLB)...
Unity Bank's 18th Annual Classic Car Show to Benefit Family Promise Seeks Registrants and Sponsors
CLINTON, N.J., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Unity Bank is inviting classic car owners and local businesses to participate in the 18th Annual Crusin' Bob's Classic Car Show, which will be held at...
Unity Bank Ranked 13th Nationally and 5th in ROA Among Banks Under $5 Billion
CLINTON, N.J., Aug. 22, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), Unity Bank's parent company, has once again been recognized in the prestigious Top 25 Banks ranking by Bank Directo...
Unity Bancorp Inc. Declares Cash Dividend
CLINTON, N.J., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.13 per commo...
Unity Bancorp Inc. Announces New Share Repurchase Program
CLINTON, N.J., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has approved a new Share Repurchase Program. Un...
Unity Bancorp Reports Quarterly Earnings of $9.5 Million
CLINTON, N.J., July 12, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.5 million, or $0.93 per diluted share, for the quarter ende...
Unity Bancorp Declares Cash Dividend
CLINTON, N.J., May 16, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.13 per common...
Unity Bancorp Reports Quarterly Earnings of $9.6 Million
CLINTON, N.J., April 12, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.6 million, or $0.93 per diluted share, for the quarter end...
Unity Bancorp Announces 8% Increase in First Quarter Dividend
CLINTON, N.J., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.13 per commo...
Unity Bancorp Reports Quarterly Earnings of $9.8 Million and Full Year Earnings of $39.7 Million
CLINTON, N.J., Jan. 12, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.8 million, or $0.96 per diluted share, for the quarter ende...
Unity Bank Provides Multimillion Construction Loan for Clinton 122-Unit Assisted Living & Memory Care Center
Adult Day Care Center Also To Be Offered at Former Holiday Inn Property Adult Day Care Center Also To Be Offered at Former Holiday Inn Property
Unity Bancorp Reports Quarterly Earnings of $9.9 Million
CLINTON, N.J., Oct. 13, 2023 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.9 million, or $0.97 per diluted share, for the quarter end...
Unity Bank Opens Parsippany Area Branch Joined by Business & Community Leaders
Bank Celebrates First Morris County Branch with Donations to Morris County Sheriff's CrimeStoppers, Lake Hiawatha Fire Department & Parsippany PBS Bank Celebrates First Morris County Branch with Donat...
Unity Bank Ranked 13th Nationally by Bank Director in U.S. Ranking of the Best Publicly Traded Banks
CLINTON, N.J., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank , has been selected for the second year in a row for the national Top 25 Banks ranking...
Unity Bank Named Best Bank 2023 by Hunterdon Happening
CLINTON, N.J., July 19, 2023 (GLOBE NEWSWIRE) -- Unity Bank was recently named the Best Bank 2023 by Hunterdon Happening , an annual rating of businesses located in Hunterdon County started in 2011. H...
Unity Bancorp: Cheap Based On Earnings, But Too Much Of A Black Box
Unity Bancorp is active in New Jersey. Its loan portfolio mainly consists of commercial real estate. Unfortunately, the bank does not provide a lot of details on its loan portfolio. I would like to se...
A Comprehensive Analysis of Unity Bancorp's (UNTY) Modest Undervaluation
On July 14, 2023, Unity Bancorp Inc ( UNTY , Financial) recorded a significant price change of 5.15%, with the stock trading at $24.3 per share. Boasting a market cap of $244.7 million and sales of $1...
Unity Bancorp Reports Quarterly Earnings of $9.7 Million
CLINTON, N.J., July 14, 2023 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.7 million, or $0.95 per diluted share, for the quarter ende...
Unity Bank Awarded the Raymond James Community Bankers Cup
CLINTON, N.J., July 07, 2023 (GLOBE NEWSWIRE) -- Unity Bank has been awarded the Raymond James Community Bankers Cup for 2022, an honor that recognizes the top 10% of community banks based on various ...
Unity Bank Appoints Industry Veteran Daniel Sharabba as SVP/Senior Retail Officer
CLINTON, N.J., June 28, 2023 (GLOBE NEWSWIRE) -- Banking industry veteran Daniel Sharabba has joined Unity Bank as Senior Vice President/Senior Retail Officer. The Morris Plains resident is responsibl...
Unity Bank Loan Supports Mountain Lakes Veteran Low Income Housing Project
Unity Sponsored Customer for $120,000 Affordable Housing Program Grant Unity Sponsored Customer for $120,000 Affordable Housing Program Grant
Unity Bank Opening First Branch in Morris County
Lake Hiawatha Branch Will Provide Community Bank with 21 Retail Locations in New Jersey & Lehigh Valley, Pa. Lake Hiawatha Branch Will Provide Community Bank with 21 Retail Locations in New Jersey & L...
Unity Bank Selected for the ICBA Best-Performing Banks 2023 List
Unity is Only New Jersey Headquartered Bank Recognized on the Annual Ranking Unity is Only New Jersey Headquartered Bank Recognized on the Annual Ranking