Unity Bancorp, Inc. (UNTY)

NASDAQ: UNTY · IEX Real-Time Price · USD
26.26
+0.07 (0.27%)
Jan 27, 2023, 4:00 PM EST - Market closed
0.27%
Market Cap 277.94M
Revenue (ttm) 92.76M
Net Income (ttm) 38.25M
Shares Out 10.58M
EPS (ttm) 3.59
PE Ratio 7.31
Forward PE 7.91
Dividend $0.43 (1.64%)
Ex-Dividend Date Dec 15, 2022
Volume 8,837
Open 26.20
Previous Close 26.19
Day's Range 26.20 - 26.39
52-Week Range 24.80 - 30.24
Beta 1.04
Analysts Buy
Price Target 33.32 (+26.89%)
Earnings Date Jan 13, 2023

About UNTY

Unity Bancorp, Inc. operates as the holding company for Unity Bank that provides commercial and retail banking products and services to individuals, small and medium sized businesses, and professional communities. The company offers personal and business checking accounts, time deposits, money market accounts, and regular savings accounts, as well as noninterest and interest-bearing demand deposits. It also provides small business administration loans; commercial loans; and residential mortgage and consumer loans, including residential real est... [Read more]

Sector Financials
CEO James Hughes
Employees 222
Stock Exchange NASDAQ
Ticker Symbol UNTY
Full Company Profile

Financial Performance

In 2021, Unity Bancorp's revenue was $88.91 million, an increase of 26.33% compared to the previous year's $70.38 million. Earnings were $36.12 million, an increase of 52.76%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for UNTY stock is "Buy." The 12-month stock price forecast is $33.32, which is an increase of 26.89% from the latest price.

Price Target
$33.32
(26.89% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

2 weeks ago - GlobeNewsWire

Down 5.9% in 4 Weeks, Here's Why Unity Bancorp (UNTY) Looks Ripe for a Turnaround

Unity Bancorp (UNTY) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revi...

1 month ago - Zacks Investment Research

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

1 month ago - GlobeNewsWire

Unity Bancorp Declares Cash Dividend

CLINTON, N.J., Nov. 17, 2022 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.11 per commo...

2 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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

6 months ago - GlobeNewsWire

Unity Bancorp (UNTY) Misses Q2 Earnings Estimates

Unity Bancorp (UNTY) delivered earnings and revenue surprises of -1.12% and 3.01%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

7 months ago - Zacks Investment Research

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...

7 months ago - GlobeNewsWire

Unity Bank Added to Membership of US Small-Cap Russell 2000 Index

CLINTON, N.J., July 12, 2022 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (Nasdaq: UNTY), parent company of Unity Bank , was added as a member of the U.S. small-cap Russell 2000® Index, widely regarded as ...

7 months ago - GlobeNewsWire

Unity Bancorp (UNTY) Earnings Expected to Grow: What to Know Ahead of Q2 Release

Unity Bancorp (UNTY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

7 months ago - Zacks Investment Research

What Makes Unity Bancorp (UNTY) a New Strong Buy Stock

Unity Bancorp (UNTY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

7 months ago - Zacks Investment Research

Best Momentum Stock to Buy for June 30th

UNTY made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on June 30, 2022.

7 months ago - Zacks Investment Research

New Strong Buy Stocks for June 30th

BANR, MPB, UNTY, AAON, and TAC have been added to the Zacks Rank #1 (Strong Buy) List on June 30, 2022.

Other symbols: AAONBANRMPBTAC
7 months ago - Zacks Investment Research

Best Value Stocks to Buy for June 30th

UNTY and BANR made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 30, 2022.

Other symbols: BANR
7 months ago - Zacks Investment Research

Unity Bank Board Vice Chairman Allen Tucker Retires, Succeeded by Son Aaron

Active in Banking and Real Estate for More than 50 Years, Allen Tucker Served as a Unity Director since 1995 Active in Banking and Real Estate for More than 50 Years, Allen Tucker Served as a Unity Di...

9 months ago - GlobeNewsWire

Unity Bancorp Announces 10% Increase in Second Quarter Cash Dividend, Up 22% from Prior Year

CLINTON, N.J., April 28, 2022 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.11 per comm...

9 months ago - GlobeNewsWire

Unity Bancorp (UNTY) Q1 Earnings Top Estimates

Unity Bancorp (UNTY) delivered earnings and revenue surprises of 4.94% and 1.13%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

10 months ago - Zacks Investment Research

Unity Bancorp Reports Quarterly Earnings of $9.1 Million

CLINTON, N.J., April 14, 2022 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.1 million, or $0.85 per diluted share, for the quarter end...

10 months ago - GlobeNewsWire

Here's Why "Trend" Investors Would Love Betting on Unity Bancorp (UNTY)

Unity Bancorp (UNTY) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it throug...

1 year ago - Zacks Investment Research

Unity Bancorp Reports Record Breaking Quarterly Earnings of $9.7 Million And Full Year Earnings of $36.1 Million

CLINTON, N.J., Jan. 20, 2022 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.7 million, or $0.92 per diluted share, for the quarter ende...

1 year ago - GlobeNewsWire

Unity Bancorp Announces 11% Increase in Fourth Quarter Cash Dividend, Up 25% from Prior Year

CLINTON, N.J., Nov. 18, 2021 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.10 per commo...

1 year ago - GlobeNewsWire

Best Value Stocks to Buy for October 29th

TRTN, UNTY, ETD, and HAFC made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 29, 2021.

Other symbols: ETDHAFCTRTN
1 year ago - Zacks Investment Research

Recent Price Trend in Unity Bancorp (UNTY) is Your Friend, Here's Why

If you are looking for stocks that are well positioned to maintain their recent uptrend, Unity Bancorp (UNTY) could be a great choice. It is one of the several stocks that passed through our "Recent P...

1 year ago - Zacks Investment Research

Unity Bancorp (UNTY) Beats Q3 Earnings and Revenue Estimates

Unity Bancorp (UNTY) delivered earnings and revenue surprises of 8.43% and 1.50%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research

Unity Bancorp Reports Record Quarterly Earnings of $9.5 Million

CLINTON, N.J., Oct. 15, 2021 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.5 million, or $0.90 per diluted share, for the quarter ende...

1 year ago - GlobeNewsWire