Unity Bancorp, Inc. (UNTY)
Market Cap | 282.43M |
Revenue (ttm) | 99.97M |
Net Income (ttm) | 39.71M |
Shares Out | 10.14M |
EPS (ttm) | 3.84 |
PE Ratio | 7.19 |
Forward PE | 7.15 |
Dividend | $0.52 (1.88%) |
Ex-Dividend Date | Mar 14, 2024 |
Volume | 15,201 |
Open | 27.85 |
Previous Close | 27.85 |
Day's Range | 27.36 - 27.90 |
52-Week Range | 20.01 - 30.70 |
Beta | 1.07 |
Analysts | Buy |
Price Target | 31.50 (+14.13%) |
Earnings Date | Apr 15, 2024 |
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 one analyst, the rating for UNTY stock is "Buy" and the 12-month stock price forecast is $31.5.
News
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 Declares Cash Dividend
CLINTON, N.J., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.12 per commo...
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...
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
Unity Bancorp Approves New Share Repurchase Program
CLINTON, N.J., April 27, 2023 (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. U...
Unity Bancorp Reports Quarterly Earnings of $10.3 Million
CLINTON, N.J., April 17, 2023 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $10.3 million, or $0.96 per diluted share, for the quarter en...
Unity Bank Earns Top, 5-Star Rating from Nation's Premier Bank Rating Firm
BauerFinancial Rating Confirms Unity Bank's Strength in Available Capital, Profitability and Asset Quality BauerFinancial Rating Confirms Unity Bank's Strength in Available Capital, Profitability and ...
Unity Bancorp Announces 9% Increase in First Quarter Dividend
CLINTON, N.J., Feb. 16, 2023 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.12 per commo...
Unity Bank Opens Fort Lee Branch, Enhancing Bergen County Financial Services
Community Bank Now Manages 20 Branches in New Jersey & Lehigh Valley, Pa. Community Bank Now Manages 20 Branches in New Jersey & Lehigh Valley, Pa.
Unity Bancorp Reports Quarterly Earnings of $10.0 Million and Full Year Earnings of $38.5 Million
CLINTON, N.J., Jan. 13, 2023 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $10.0 million, or $0.93 per diluted share, for the quarter end...
Unity Bank Opens Lakewood Branch, Plans New Fort Lee Branch
Community Bank Addresses Ocean County's Growing Need for Financial Services Community Bank Addresses Ocean County's Growing Need for Financial Services
Unity Bancorp Reports Quarterly Earnings of $9.9 Million
CLINTON, N.J., Oct. 14, 2022 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.9 million, or $0.93 per diluted share, for the quarter ende...
Unity Bank Selected as a Top 25 Bank by Bank Director in National Ranking of the Best Publicly Traded Banks
Unity is ranked 21st in the U.S. & 9th among banks with $1 billion to $5 billion in assets Unity is ranked 21st in the U.S. & 9th among banks with $1 billion to $5 billion in assets
Unity Bancorp Reports Quarterly Earnings of $9.5 Million
CLINTON, N.J., July 14, 2022 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.5 million, or $0.88 per diluted share, for the quarter ende...