Unity Bancorp (UNTY) Expected to Announce Quarterly Earnings on Friday

Unity Bancorp (NASDAQ:UNTY - Get Free Report) is expected to issue its Q2 2025 quarterly earnings data before the market opens on Friday, July 11th. Analysts expect the company to announce earnings of $1.17 per share and revenue of $30.30 million for the quarter.

Unity Bancorp (NASDAQ:UNTY - Get Free Report) last posted its quarterly earnings data on Friday, April 11th. The financial services provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.01. The business had revenue of $29.35 million for the quarter, compared to analysts' expectations of $28.81 million. Unity Bancorp had a return on equity of 14.99% and a net margin of 25.95%. During the same period in the previous year, the firm posted $0.93 EPS. On average, analysts expect Unity Bancorp to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Unity Bancorp Stock Down 0.3%

Unity Bancorp stock traded down $0.15 during trading hours on Monday, hitting $52.11. 68,508 shares of the stock traded hands, compared to its average volume of 36,872. The firm's 50-day moving average price is $44.85 and its two-hundred day moving average price is $44.33. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.83. The company has a market cap of $522.66 million, a PE ratio of 12.23 and a beta of 0.72. Unity Bancorp has a one year low of $26.27 and a one year high of $52.86.

Unity Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $0.56 annualized dividend and a dividend yield of 1.07%. Unity Bancorp's payout ratio is 13.15%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on UNTY. Piper Sandler lowered their target price on shares of Unity Bancorp from $54.00 to $50.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Wall Street Zen lowered shares of Unity Bancorp from a "buy" rating to a "hold" rating in a report on Saturday, May 24th.

Insiders Place Their Bets

In related news, Director Donald E. Jr. Souders sold 1,333 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $41.23, for a total value of $54,959.59. Following the completion of the transaction, the director directly owned 8,477 shares in the company, valued at $349,506.71. The trade was a 13.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 29.68% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Unity Bancorp

A number of hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC raised its stake in Unity Bancorp by 7.2% during the 1st quarter. Empowered Funds LLC now owns 37,456 shares of the financial services provider's stock valued at $1,524,000 after buying an additional 2,524 shares during the last quarter. AQR Capital Management LLC raised its stake in Unity Bancorp by 70.8% during the 1st quarter. AQR Capital Management LLC now owns 11,419 shares of the financial services provider's stock valued at $465,000 after buying an additional 4,732 shares during the last quarter. Jane Street Group LLC purchased a new stake in Unity Bancorp during the 1st quarter valued at $283,000. Finally, Strs Ohio purchased a new stake in Unity Bancorp during the 1st quarter valued at $49,000. 42.31% of the stock is currently owned by hedge funds and other institutional investors.

Unity Bancorp Company Profile

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.