Unity Bancorp, Inc. (UNTY)

NASDAQ: UNTY · IEX Real-Time Price · USD
25.76
-0.57 (-2.16%)
Jun 14, 2024, 4:00 PM EDT - Market closed
-2.16%
Market Cap 258.61M
Revenue (ttm) 99.67M
Net Income (ttm) 39.01M
Shares Out 10.04M
EPS (ttm) 3.81
PE Ratio 6.76
Forward PE 6.55
Dividend $0.52 (2.02%)
Ex-Dividend Date Jun 7, 2024
Volume 15,658
Open 26.06
Previous Close 26.33
Day's Range 25.66 - 26.06
52-Week Range 22.49 - 30.70
Beta 1.05
Analysts n/a
Price Target n/a
Earnings Date Jul 12, 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]

Sector Financials
IPO Date Jan 20, 1997
Employees 217
Stock Exchange NASDAQ
Ticker Symbol UNTY
Full Company Profile

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 Statements

News

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...

4 weeks ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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

6 months ago - GlobeNewsWire

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...

8 months ago - GlobeNewsWire

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...

8 months ago - GlobeNewsWire

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...

11 months ago - GlobeNewsWire

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...

11 months ago - GlobeNewsWire

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...

1 year ago - GuruFocus

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...

1 year ago - GlobeNewsWire

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 ...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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 ...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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.

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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 year 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...

1 year 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

2 years ago - GlobeNewsWire