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NASDAQ:UNTY

Unity Bancorp Stock Forecast, Price & News

$26.51
-0.49 (-1.81%)
(As of 06/29/2022 04:00 PM ET)
Add
Compare
Today's Range
$26.38
$27.34
50-Day Range
$25.82
$29.50
52-Week Range
$21.32
$31.37
Volume
65,234 shs
Average Volume
41,686 shs
Market Capitalization
$278.22 million
P/E Ratio
7.64
Dividend Yield
1.62%
Price Target
$33.00
30 days | 90 days | 365 days | Advanced Chart

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UNTY Stock Forecast (MarketRank)

Overall MarketRank

2.75 out of 5 stars

Finance Sector

336th out of 1,394 stocks

State Commercial Banks Industry

80th out of 243 stocks

Analyst Opinion: 2.5Community Rank: 4.4Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -
Unity Bancorp logo

About Unity Bancorp (NASDAQ: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 estate, home equity lines and loans, and residential construction lines, as well as personal loans. the company offered its services through the Internet and nineteen branch offices located in Bergen, Hunterdon, Middlesex, Somerset, Union, and Warren counties in New Jersey, as well as Northampton County, Pennsylvania. Unity Bancorp, Inc. was incorporated in 1991 and is based in Clinton, New Jersey.

UNTY Stock News Headlines

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Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:UNTY
Employees
208
Year Founded
N/A

Company Calendar

Last Earnings
4/14/2022
Ex-Dividend for 6/24 Dividend
6/09/2022
Dividend Payable
6/24/2022
Today
6/29/2022
Next Earnings (Estimated)
7/13/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$33.00
High Stock Price Forecast
$33.00
Low Stock Price Forecast
$33.00
Forecasted Upside/Downside
+24.5%
Consensus Rating
Buy
Rating Score (0-4)
3
Research Coverage
1 Analysts

Profitability

Net Income
$36.12 million
Pretax Margin
50.68%

Debt

Sales & Book Value

Annual Sales
$96.83 million
Cash Flow
$3.75 per share
Book Value
$19.83 per share

Miscellaneous

Free Float
7,100,000
Market Cap
$278.22 million
Optionable
Not Optionable
Beta
1.07














Unity Bancorp Frequently Asked Questions

Should I buy or sell Unity Bancorp stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Unity Bancorp in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Unity Bancorp stock.
View analyst ratings for Unity Bancorp
or view top-rated stocks.

What is Unity Bancorp's stock price forecast for 2022?

1 Wall Street analysts have issued 1 year price objectives for Unity Bancorp's shares. Their UNTY stock forecasts range from $33.00 to $33.00. On average, they expect Unity Bancorp's share price to reach $33.00 in the next twelve months. This suggests a possible upside of 24.5% from the stock's current price.
View analysts' price targets for Unity Bancorp
or view top-rated stocks among Wall Street analysts.

How has Unity Bancorp's stock performed in 2022?

Unity Bancorp's stock was trading at $26.25 at the start of the year. Since then, UNTY stock has increased by 1.0% and is now trading at $26.51.
View the best growth stocks for 2022 here
.

When is Unity Bancorp's next earnings date?

Unity Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, July 13th 2022.
View our earnings forecast for Unity Bancorp
.

How were Unity Bancorp's earnings last quarter?

Unity Bancorp, Inc. (NASDAQ:UNTY) announced its quarterly earnings results on Thursday, April, 14th. The financial services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.81 by $0.04. The financial services provider had revenue of $22.14 million for the quarter, compared to analysts' expectations of $22.40 million. Unity Bancorp had a net margin of 38.26% and a trailing twelve-month return on equity of 18.63%.
View Unity Bancorp's earnings history
.

How often does Unity Bancorp pay dividends? What is the dividend yield for Unity Bancorp?

Unity Bancorp declared a quarterly dividend on Friday, April 29th. Stockholders of record on Friday, June 10th will be given a dividend of $0.11 per share on Friday, June 24th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, June 9th. This is a boost from Unity Bancorp's previous quarterly dividend of $0.10.
View Unity Bancorp's dividend history
.

Is Unity Bancorp a good dividend stock?

Unity Bancorp(NASDAQ:UNTY) pays an annual dividend of $0.44 per share and currently has a dividend yield of 1.62%. Unity Bancorp has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Unity Bancorp is 12.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Unity Bancorp will have a dividend payout ratio of 11.70% next year. This indicates that Unity Bancorp will be able to sustain or increase its dividend.
View Unity Bancorp's dividend history.

Who are Unity Bancorp's key executives?

Unity Bancorp's management team includes the following people:
  • Mr. David D. Dallas, Founder & Chairman (Age 67)
  • Mr. James A. Hughes, Pres, CEO & Director (Age 63, Pay $1.77M)
  • Mr. Robert H. Dallas II, Founder & Director (Age 75)
  • Mr. George Allen Boyan III, J.D., Exec. VP & CFO (Age 40, Pay $502.73k)
  • Mr. John J. Kauchak, Exec. VP & COO (Age 69, Pay $394.42k) (LinkedIn Profile)
  • Ms. Janice Bolomey, Chief Admin. Officer, Exec. VP & Director of Sales (Age 54, Pay $390.25k) (LinkedIn Profile)
  • Mr. Vincent Geraci, First Sr. VP & Director of Mortgage Lending (LinkedIn Profile)
  • David Bove, Sr. VP & CTO
  • Christopher Fenimore, First VP & Chief Compliance Officer
  • Michelle Kirmser, First VP & Gen. Counsel

What other stocks do shareholders of Unity Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Unity Bancorp investors own include STAG Industrial (STAG), AbbVie (ABBV), Abbott Laboratories (ABT), Eastman Chemical (EMN), Enbridge (ENB), Energy Transfer (ET), General Mills (GIS), MetLife (MET), Realty Income (O) and Pfizer (PFE).

What is Unity Bancorp's stock symbol?

Unity Bancorp trades on the NASDAQ under the ticker symbol "UNTY."

Who are Unity Bancorp's major shareholders?

Unity Bancorp's stock is owned by many different retail and institutional investors. Top institutional investors include Banc Funds Co. LLC (7.57%), Wellington Management Group LLP (5.65%), Fourthstone LLC (4.60%), Dimensional Fund Advisors LP (3.57%), Vanguard Group Inc. (3.08%) and Pacific Ridge Capital Partners LLC (2.46%). Company insiders that own Unity Bancorp stock include David D Dallas, Donald E Jr Souders, Donald E Jr Souders, Janice Bolomey, John J Kauchak, Laureen Cook, Mark S Brody, Mark S Brody, Mary E Gross, Robert H Dallas II, Stephen Rooney and Vincent Geraci.
View institutional ownership trends for Unity Bancorp
.

Which institutional investors are selling Unity Bancorp stock?

UNTY stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Renaissance Technologies LLC, Ergoteles LLC, Vanguard Group Inc., Russell Investments Group Ltd., LSV Asset Management, Bank of New York Mellon Corp, and Northern Trust Corp. Company insiders that have sold Unity Bancorp company stock in the last two years include Donald E Jr Souders, Janice Bolomey, John J Kauchak, Laureen Cook, Mark S Brody, Mary E Gross, Stephen Rooney, and Vincent Geraci.
View insider buying and selling activity for Unity Bancorp
or view top insider-selling stocks.

Which institutional investors are buying Unity Bancorp stock?

UNTY stock was acquired by a variety of institutional investors in the last quarter, including Fourthstone LLC, River Oaks Capital LLC, Banc Funds Co. LLC, Acadian Asset Management LLC, Pacific Ridge Capital Partners LLC, BHZ Capital Management LP, Jane Street Group LLC, and Qube Research & Technologies Ltd.
View insider buying and selling activity for Unity Bancorp
or or view top insider-buying stocks.

How do I buy shares of Unity Bancorp?

Shares of UNTY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Unity Bancorp's stock price today?

One share of UNTY stock can currently be purchased for approximately $26.51.

How much money does Unity Bancorp make?

Unity Bancorp (NASDAQ:UNTY) has a market capitalization of $278.22 million and generates $96.83 million in revenue each year. The financial services provider earns $36.12 million in net income (profit) each year or $3.47 on an earnings per share basis.

How many employees does Unity Bancorp have?

Unity Bancorp employs 208 workers across the globe.

How can I contact Unity Bancorp?

Unity Bancorp's mailing address is 64 OLD HIGHWAY 22, CLINTON NJ, 08809. The official website for Unity Bancorp is www.unitybank.com. The financial services provider can be reached via phone at (908) 730-7630, via email at [email protected], or via fax at 908-730-9430.

This page (NASDAQ:UNTY) was last updated on 6/29/2022 by MarketBeat.com Staff

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