Unity Bancorp, Inc. (UNTY)
| Market Cap | 415.28M |
| Revenue (ttm) | 103.13M |
| Net Income (ttm) | 41.45M |
| Shares Out | 10.06M |
| EPS (ttm) | 4.06 |
| PE Ratio | 10.17 |
| Forward PE | 8.58 |
| Dividend | $0.56 (1.36%) |
| Ex-Dividend Date | Mar 14, 2025 |
| Volume | 32,655 |
| Open | 42.00 |
| Previous Close | 42.12 |
| Day's Range | 40.63 - 42.12 |
| 52-Week Range | 25.60 - 51.22 |
| Beta | 0.96 |
| Analysts | Buy |
| Price Target | 54.50 (+31.99%) |
| Earnings Date | Apr 11, 2025 |
About UNTY
Unity Bancorp, Inc. operates as the bank holding company for Unity Bank that provides commercial and retail banking services. It offers personal and business checking, money market, savings, and retirement accounts, as well as time and noninterest and interest-bearing demand deposits. The company also provides commercial, small business administration, consumer, mortgage, and home equity and personal loans; and owner and non-owner-occupied commercial mortgages. In addition, it is involved in the residential construction, commercial, and industr... [Read more]
Financial Performance
In 2024, Unity Bancorp's revenue was $103.13 million, an increase of 3.16% compared to the previous year's $99.97 million. Earnings were $41.45 million, an increase of 4.39%.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for UNTY stock is "Buy." The 12-month stock price forecast is $54.5, which is an increase of 31.99% from the latest price.
News
Buy Two Ideal March 'Safer' Dividend Dogs Of 34 Barron's 2025 Pro-Picks
Barron's New-Year (NY) Roundtable (RT) selections published in three issues 1/13-27/2025, listed 34 dividend picks as the best of 2025. Analysts predict top picks like AdvanSix, Applied Materials, and...
Unity Bancorp Announces 8% Increase in First Quarter Dividend
CLINTON, N.J., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.14 per commo...
Unity Bancorp: Solid Start To Regional Bank Earnings
Q4 earnings season is crucial, with full-year guidance impacting trading; concerns over high-interest rates and consumer debt persist. Unity Bancorp, Inc.'s Q4 results were strong, with loan growth an...
Unity Bancorp Reports Quarterly Earnings of $11.5 Million and Full Year Earnings of $41.5 Million
CLINTON, N.J., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $11.5 million, or $1.13 per diluted share, for the quarter end...
Unity Bank Expands Sustainability Commitment with New EV Charging Stations
CLINTON, N.J., Nov. 27, 2024 (GLOBE NEWSWIRE) -- Start your journey with a boost – for both you and your electric vehicle – at Unity Bank's new EV charging stations, now open to the public at its Clin...
Unity Bank's Amanda Roche Honored as a New Leader in Banking by NJ Bankers Association
Prestigious Recognition Celebrates Rising Stars in New Jersey's Banking Industry Prestigious Recognition Celebrates Rising Stars in New Jersey's Banking Industry
Unity Bancorp Inc. Declares Cash Dividend
CLINTON, N.J., Nov. 21, 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'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. 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 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...