Unity Bancorp, Inc. (UNTY)

NASDAQ: UNTY · IEX Real-Time Price · USD
27.85
+0.47 (1.72%)
At close: Mar 27, 2024, 4:00 PM
27.00
-0.85 (-3.05%)
After-hours: Mar 27, 2024, 5:46 PM EDT

Total Valuation

Unity Bancorp has a market cap or net worth of $277.66 million. The enterprise value is $449.63 million.

Market Cap 277.66M
Enterprise Value 449.63M

Important Dates

The next estimated earnings date is Monday, April 15, 2024, before market open.

Earnings Date Apr 15, 2024
Ex-Dividend Date Mar 14, 2024

Share Statistics

Unity Bancorp has 10.14 million shares outstanding. The number of shares has decreased by -3.43% in one year.

Shares Outstanding 10.14M
Shares Change (YoY) -3.43%
Shares Change (QoQ) -0.48%
Owned by Insiders (%) 28.80%
Owned by Institutions (%) 49.01%
Float 6.28M

Valuation Ratios

The trailing PE ratio is 7.25 and the forward PE ratio is 7.22.

PE Ratio 7.25
Forward PE 7.22
PS Ratio 2.78
Forward PS 2.58
PB Ratio 1.06
P/FCF Ratio 6.04
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 8.12, with an EV/FCF ratio of 9.78.

EV / Earnings 11.32
EV / Sales 4.50
EV / EBITDA 8.12
EV / EBIT 8.48
EV / FCF 9.78

Financial Position

Current Ratio n/a
Quick Ratio n/a
Debt / Equity 1.40
Debt / EBITDA 6.62
Debt / FCF 7.98
Interest Coverage n/a

Financial Efficiency

Return on equity (ROE) is 15.90% and return on invested capital (ROIC) is 6.32%.

Return on Equity (ROE) 15.90%
Return on Assets (ROA) 1.60%
Return on Capital (ROIC) 6.32%
Revenue Per Employee $440,401
Profits Per Employee $174,921
Employee Count 227
Asset Turnover 0.04
Inventory Turnover n/a

Taxes

In the past 12 months, Unity Bancorp has paid $13.29 million in taxes.

Income Tax 13.29M
Effective Tax Rate 25.07%

Stock Price Statistics

The stock price has increased by +20.93% in the last 52 weeks. The beta is 1.07, so Unity Bancorp's price volatility has been similar to the market average.

Beta (1Y) 1.07
52-Week Price Change +20.93%
50-Day Moving Average 27.81
200-Day Moving Average 25.92
Relative Strength Index (RSI) 50.99
Average Volume (30 Days) 17,673

Short Selling Information

The latest short interest is 99,206, so 0.98% of the outstanding shares have been sold short.

Short Interest 99,206
Short Previous Month 44,527
Short % of Shares Out 0.98%
Short % of Float 1.58%
Short Ratio (days to cover) 3.23

Income Statement

In the last 12 months, Unity Bancorp had revenue of $99.97 million and earned $39.71 million in profits. Earnings per share was $3.84.

Revenue 99.97M
Gross Profit 99.97M
Operating Income 53.00M
Pretax Income 53.00M
Net Income 39.71M
EBITDA 55.38M
EBIT 53.00M
Earnings Per Share (EPS) $3.84
Full Income Statement

Balance Sheet

The company has $194.78 million in cash and $366.75 million in debt, giving a net cash position of -$171.97 million or -$16.96 per share.

Cash & Cash Equivalents 194.78M
Total Debt 366.75M
Net Cash -171.97M
Net Cash Per Share -$16.96
Equity / Book Value 261.43M
Book Value Per Share 25.78
Working Capital n/a
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $46.91 million and capital expenditures -$955,000, giving a free cash flow of $45.95 million.

Operating Cash Flow 46.91M
Capital Expenditures -955,000
Free Cash Flow 45.95M
FCF Per Share $4.50
Full Cash Flow Statement

Margins

Gross margin is 100.00%, with operating and profit margins of 53.01% and 39.72%.

Gross Margin 100.00%
Operating Margin 53.01%
Pretax Margin 53.01%
Profit Margin 39.72%
EBITDA Margin 55.39%
EBIT Margin 53.01%
FCF Margin 45.97%

Dividends & Yields

This stock pays an annual dividend of $0.52, which amounts to a dividend yield of 1.87%.

Dividend Per Share $0.52
Dividend Yield 1.87%
Dividend Growth (YoY) 8.89%
Years of Dividend Growth 10
Payout Ratio 13.54%
Buyback Yield 3.43%
Shareholder Yield 5.30%
Earnings Yield 14.30%
FCF Yield 16.55%
Dividend Details

Analyst Forecast

The average price target for Unity Bancorp is $31.50, which is 13.11% higher than the current price. The consensus rating is "Buy".

Price Target $31.50
Price Target Difference 13.11%
Analyst Consensus Buy
Analyst Count 1
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

The last stock split was on September 13, 2016. It was a forward split with a ratio of 11:10.

Last Split Date Sep 13, 2016
Split Type Forward
Split Ratio 11:10

Scores

Altman Z-Score n/a
Piotroski F-Score 5