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Unity Bancorp, Inc. (UNTY)

Stock Price: $22.55 USD -0.10 (-0.44%)
Updated May 10, 2021 2:30 PM EDT - Market open
Market Cap 235.95M
Revenue (ttm) 75.33M
Net Income (ttm) 26.77M
Shares Out 10.44M
EPS (ttm) 2.50
PE Ratio 9.02
Forward PE 7.60
Dividend $0.32
Dividend Yield 1.42%
Trading Day May 10
Last Price $22.55
Previous Close $22.65
Change ($) -0.10
Change (%) -0.44%
Day's Open 22.60
Day's Range 22.22 - 22.96
Day's Volume 17,888
52-Week Range 10.48 - 23.36

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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.

3 weeks ago - Investors Business Daily

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...

3 weeks ago - GlobeNewsWire

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.

1 month ago - Zacks Investment Research

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 ...

1 month ago - GlobeNewsWire

CLINTON, N.J., Feb. 25, 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 $0.08 per common ...

2 months ago - GlobeNewsWire

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

2 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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 ...

3 months ago - GlobeNewsWire

CLINTON, N. J., Nov. 19, 2020 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.08 per common...

5 months ago - GlobeNewsWire

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.

6 months ago - GlobeNewsWire

Unity Bancorp (UNTY) delivered earnings and revenue surprises of 20.00% and 3.49%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

CLINTON, N.J., Oct. 21, 2020 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $5.8 million, or $0.54 per diluted share, for the quarter ended ...

6 months ago - GlobeNewsWire

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

Revenue growth, strong balance sheet and solid prospects indicate Unity Bancorp's (UNTY) upside potential.

7 months ago - Zacks Investment Research

CLINTON, N.J., Aug. 07, 2020 (GLOBE NEWSWIRE) -- Unity Bank has donated $5,000 to Family Promise of Hunterdon County and Family Promise of Warren County after holding its first virtual car show....

9 months ago - GlobeNewsWire

Unity Bancorp (UNTY) delivered earnings and revenue surprises of 20.51% and 4.18%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

9 months ago - Zacks Investment Research

CLINTON, N.J., July 23, 2020 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $5.2 million, or $0.47 per diluted share, for the quarter ende...

9 months ago - GlobeNewsWire

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.

10 months ago - Zacks Investment Research

CLINTON, N.J., June 09, 2020 (GLOBE NEWSWIRE) -- Unity Bank is seeking sponsors and classic car owners for the 14th Annual Cruisin’ Bob’s Classic Car Show, which for the last 13 years has been held ...

11 months ago - GlobeNewsWire

Bank is Ranked 15th Nationally by Respected Industry Survey Bank is Ranked 15th Nationally by Respected Industry Survey

11 months ago - GlobeNewsWire

CLINTON, N.J., May 05, 2020 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced today that industry veteran Anthony L. Cossetti will be joining the Company ...

1 year ago - GlobeNewsWire

CLINTON, N.J., April 29, 2020 (GLOBE NEWSWIRE) -- Gary Shiman, Co-Owner and Executive Vice President of Bellari Home Remodeling of Branchburg, represents one of the nearly 1,000 businesses that will...

1 year ago - GlobeNewsWire

Unity Bancorp (UNTY) delivered earnings and revenue surprises of -7.55% and 4.03%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research

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.

1 year ago - Zacks Investment Research

CLINTON, N.J., April 02, 2020 (GLOBE NEWSWIRE) -- In response to the coronavirus (COVID-19) pandemic, Unity Bank will be offering its customers the Small Business Administration (SBA) Paycheck Prote...

1 year ago - GlobeNewsWire

CLINTON, N.J., March 31, 2020 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ “UNTY”) announced today that due to the public health impact of the coronavirus outbreak (COVID-19), to support the health...

1 year ago - GlobeNewsWire

According to the GuruFocus All-In-One Screener, a Premium feature, the following companies were trading with low price-sales ratios as of March 30.

Other stocks mentioned: BAP, CBSH, TREE, WSFS
1 year ago - GuruFocus

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Unity Bancorp (UNTY) have what it takes?

1 year ago - Zacks Investment Research

CLINTON, N.J., Feb. 27, 2020 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.08 per commo...

1 year ago - GlobeNewsWire

CLINTON, N.J., Feb. 21, 2020 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, is issuing this corrected press release to revise the Common Equity Tier 1 Ratio (CET...

1 year ago - GlobeNewsWire

CLINTON, N.J., Jan. 21, 2020 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $6.1 million, or $0.55 per diluted share, for the quarter ende...

1 year ago - GlobeNewsWire

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.

1 year ago - Zacks Investment Research

CLINTON, N.J., Nov. 21, 2019 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.08 per commo...

1 year ago - GlobeNewsWire

Let's see if Unity Bancorp, Inc. (UNTY) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.

1 year ago - Zacks Investment Research

Unity Bancorp (UNTY) delivered earnings and revenue surprises of 3.85% and 1.87%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research

CLINTON, N.J., Oct. 17, 2019 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $6.0 million, or $0.54 per diluted share, for the quarter ende...

1 year ago - GlobeNewsWire

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.

1 year ago - Zacks Investment Research

Local Leader Helps Deliver Community Banking Message to Nation’s Capital Local Leader Helps Deliver Community Banking Message to Nation’s Capital

1 year ago - GlobeNewsWire

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...]

Industry
Banks-Regional
IPO Date
Jan 20, 1997
CEO
James Hughes
Employees
209
Stock Exchange
NASDAQ
Ticker Symbol
UNTY
Full Company Profile

Financial Performance

In 2020, Unity Bancorp's revenue was $70.38 million, an increase of 8.23% compared to the previous year's $65.03 million. Earnings were $23.64 million, a decrease of -0.04%.

Financial Statements

Analyst Forecasts

According to 3 analysts, the average rating for Unity Bancorp stock is "Buy." The 12-month stock price forecast is 29.00, which is an increase of 28.60% from the latest price.

Price Target
$29.00
(28.60% upside)
Analyst Consensus: Buy