Unity Bancorp, Inc. (UNTY)
| 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]
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 StatementsAnalyst 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.
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...
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...
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 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...
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 (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?
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...
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 ...
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.
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.
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.
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.
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.
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...
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...
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?
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...
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...
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...
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...
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.
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...
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?
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...