Unity Bancorp, Inc. (UNTY)
NASDAQ: UNTY · IEX Real-Time Price · USD
34.25
+0.17 (0.50%)
At close: Jul 19, 2024, 4:00 PM
34.13
-0.12 (-0.35%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
Unity Bancorp Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for Unity Bancorp stock has a target of 39, which predicts an increase of 13.87% from the current stock price of 34.25.
Analyst Consensus: Buy
Analyst Ratings
According to 1 stock analyst, the rating for Unity Bancorp is "Buy". This means that the analyst believes this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Reiterates $35 → $39 | Buy | Reiterates | $35 → $39 | +13.87% | Jul 15, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Maintains $34 → $32 | Buy | Maintains | $34 → $32 | -8.03% | Apr 6, 2023 |
| Janney Montgomery Scott | Janney Montgomery Scott | Strong Buy Initiates $32 | Strong Buy | Initiates | $32 | -6.57% | Dec 15, 2022 |
| DA Davidson | DA Davidson | Strong Buy Initiates n/a | Strong Buy | Initiates | n/a | n/a | Mar 10, 2020 |
Financial Forecast
Revenue This Year
107.20M
from 99.97M
Increased by 7.23%
Revenue Next Year
116.97M
from 107.20M
Increased by 9.11%
EPS This Year
3.85
from 3.84
Increased by 0.22%
EPS Next Year
4.29
from 3.85
Increased by 11.50%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 110.9M | 120.4M |
| Avg | 107.2M | 117.0M |
| Low | 102.5M | 112.4M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 10.9% | 12.3% |
| Avg | 7.2% | 9.1% |
| Low | 2.6% | 4.8% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 4.02 | 4.50 |
| Avg | 3.85 | 4.29 |
| Low | 3.63 | 4.01 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 4.7% | 16.8% |
| Avg | 0.2% | 11.5% |
| Low | -5.6% | 4.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.