Unity Bancorp, Inc. (UNTY)

NASDAQ: UNTY · IEX Real-Time Price · USD
28.40 0.65 (2.34%)
Jan 21, 2022 4:00 PM EST - Market closed
Market Cap294.63M
Revenue (ttm)85.71M
Net Income (ttm)33.72M
Shares Out10.37M
EPS (ttm)3.19
PE Ratio8.90
Forward PE8.66
Dividend$0.36 (1.27%)
Ex-Dividend DateDec 16, 2021
Volume17,793
Open27.50
Previous Close27.75
Day's Range27.50 - 28.99
52-Week Range17.71 - 31.37
Beta1.29
AnalystsBuy
Price Target31.50 (+10.9%)
Earnings DateJan 28, 2022

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...

IndustryBanks
IPO DateJan 20, 1997
CEOJames Hughes
Employees208
Stock ExchangeNASDAQ
Ticker SymbolUNTY
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for Unity Bancorp stock is "Buy." The 12-month stock price forecast is 31.50, which is an increase of 10.92% from the latest price.

Price Target
$31.50
(10.92% upside)
Analyst Consensus: Buy

News

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 ended ...

3 days 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 common ...

2 months 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
2 months 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 Pri...

3 months 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?

3 months 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 ended ...

3 months ago - GlobeNewsWire

Unity Bancorp (UNTY) to Report Q3 Results: Wall Street Expects Earnings Growth

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.

3 months ago - Zacks Investment Research

Adult Day Center of Somerset County will Honor Unity Bank President & CEO James A. Hughes at the 2021 Generations Gala

Fundraiser to be held November 16th at The Palace at Somerset Park Fundraiser to be held November 16th at The Palace at Somerset Park

3 months ago - GlobeNewsWire

Unity Bancorp Declares Cash Dividend

CLINTON, N.J., Aug. 26, 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 $0.09 per common ...

4 months ago - GlobeNewsWire

What Makes Unity Bancorp (UNTY) a Good Fit for "Trend Investing"

Unity Bancorp (UNTY) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

6 months ago - Zacks Investment Research

Unity Bancorp (UNTY) Misses Q2 Earnings and Revenue Estimates

Unity Bancorp (UNTY) delivered earnings and revenue surprises of -2.44% and -3.42%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

Recap: Unity Bancorp Q2 Earnings

Shares of Unity Bancorp (NASDAQ:UNTY) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share increased 70.21% year over year to $0.80, which beat the estimate of $0.75.

6 months ago - Benzinga

Unity Bancorp Reports Quarterly Earnings of $8.4 Million

CLINTON, N.J., July 14, 2021 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $8.4 million, or $0.80 per diluted share, for the quarter ended ...

6 months ago - GlobeNewsWire

Unity Bank is Only NJ Bank Named One of the Best Places to Work in New Jersey

Fifth Consecutive Year Community Bank is Ranked as a Top Garden State Employer Fifth Consecutive Year Community Bank is Ranked as a Top Garden State Employer

6 months ago - GlobeNewsWire

Unity Bank Donates $50,000 to St. Jude Children's Research Hospital® for Inspiration4 Challenge, First All-Civilian M...

Lehigh Valley Tech Entrepreneur Jared Isaacman, Founder of Shift4 Payments, Leads $200 Million Campaign to Support Patients at St. Jude Lehigh Valley Tech Entrepreneur Jared Isaacman, Founder of Shift4 ...

7 months ago - GlobeNewsWire

Unity Bank is Top Ranked New Jersey Community Bank on American Banker Magazine's Top 200 List

Bank is Ranked 20th Nationally by Respected Industry Survey Bank is Ranked 20th Nationally by Respected Industry Survey

7 months ago - GlobeNewsWire

Should Value Investors Pick Unity Bancorp (UNTY) Stock Now?

Let's see if Unity Bancorp (UNTY) stock is a good choice for value-oriented investors right now from multiple angles.

7 months ago - Zacks Investment Research

Composite Rating For Unity Bancorp Jumps To 97

On Monday, Unity Bancorp got an upgrade for its IBD SmartSelect Composite Rating from 94 to 97. The post Composite Rating For Unity Bancorp Jumps To 97 appeared first on Investor's Business Daily.

9 months ago - Investors Business Daily

Unity Bancorp Reports Quarterly Earnings of $8.5 Million

CLINTON, N.J., April 15, 2021 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $8.5 million, or $0.80 per diluted share, for the quarter ended...

9 months ago - GlobeNewsWire

Unity Bancorp (UNTY) Earnings Expected to Grow: What to Know Ahead of Q1 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.

9 months ago - Zacks Investment Research

Unity Bank Names Industry Veteran George Boyan Chief Financial Officer

CLINTON, N.J., March 26, 2021 (GLOBE NEWSWIRE) -- Banking industry veteran George Boyan has joined Unity Bank as Chief Financial Officer (CFO) bringing more than 20 years of financial services industry ...

9 months ago - GlobeNewsWire

Unity Bank Launches Partnership with NID Housing Counseling Agency and Donates $5,000 for Community Education Programs

NID-HCA Helps NJ & Lehigh Valley Residents Through All Phases of the Homeownership Cycle NID-HCA Helps NJ & Lehigh Valley Residents Through All Phases of the Homeownership Cycle

11 months ago - GlobeNewsWire

Unity Bancorp Approves New Share Repurchase Program

CLINTON, N.J., Feb. 04, 2021 (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. Unde...

11 months ago - GlobeNewsWire

Unity Bancorp Reports Quarterly Earnings of $7.3 Million

CLINTON, N.J., Jan. 22, 2021 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $7.3 million, or $0.69 per diluted share, for the quarter ended ...

1 year ago - GlobeNewsWire

Flemington's Adam Kuras Joins Unity Bank as Chief Lending Officer

CLINTON, N.J., Oct. 26, 2020 (GLOBE NEWSWIRE) -- Adam Kuras has joined Unity Bank as Chief Lending Officer bringing more than 27 years of banking and finance leadership experience to the community bank.

1 year ago - GlobeNewsWire