NASDAQ:UNTY Unity Bancorp (UNTY) Stock Forecast, Price & News $23.75 -0.07 (-0.29%) (As of 01:02 PM ET) Add Compare Share Share Today's Range$23.58▼$23.9150-Day Range$23.32▼$27.1852-Week Range$20.01▼$29.88Volume7,283 shsAverage Volume22,685 shsMarket Capitalization$240.83 millionP/E Ratio6.30Dividend Yield2.02%Price Target$31.75 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Unity Bancorp MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside33.7% Upside$31.75 Price TargetShort InterestHealthy0.61% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.44Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth3.85%From $3.64 to $3.78 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.68 out of 5 starsFinance Sector255th out of 868 stocksState Commercial Banks Industry66th out of 182 stocks 3.5 Analyst's Opinion Consensus RatingUnity Bancorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $31.75, Unity Bancorp has a forecasted upside of 33.7% from its current price of $23.75.Amount of Analyst CoverageUnity Bancorp has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.61% of the float of Unity Bancorp has been sold short.Short Interest Ratio / Days to CoverUnity Bancorp has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Unity Bancorp has recently increased by 25.63%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldUnity Bancorp pays a meaningful dividend of 2.02%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthUnity Bancorp has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of Unity Bancorp is 12.73%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Unity Bancorp will have a dividend payout ratio of 12.70% next year. This indicates that Unity Bancorp will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for UNTY. Previous Next 1.9 News and Social Media Coverage News SentimentUnity Bancorp has a news sentiment score of 0.44. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.69 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Unity Bancorp this week, compared to 1 article on an average week. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Unity Bancorp insiders have not sold or bought any company stock.Percentage Held by Insiders32.35% of the stock of Unity Bancorp is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions47.58% of the stock of Unity Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Unity Bancorp are expected to grow by 3.85% in the coming year, from $3.64 to $3.78 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Unity Bancorp is 6.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.00.Price to Earnings Ratio vs. SectorThe P/E ratio of Unity Bancorp is 6.30, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 72.83.Price to Book Value per Share RatioUnity Bancorp has a P/B Ratio of 1.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Unity Bancorp (NASDAQ:UNTY) StockUnity Bancorp, Inc. operates as a bank holding company for Unity Bank that provides commercial and retail banking 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 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 was incorporated in 1991 and is based in Clinton, New Jersey.Read More UNTY Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart UNTY Stock News HeadlinesSeptember 29, 2023 | markets.businessinsider.comHold Rating on Unity Software: An Analysis of Strategic Financial Decisions and Developer RetentionSeptember 28, 2023 | americanbankingnews.comUnity Bancorp (NASDAQ:UNTY) Stock Price Crosses Below 200-Day Moving Average of $23.65September 29, 2023 | MarketBeat Internal (Ad)Save $300 on MarketBeat All AccessMarketBeat All Access is the premier all-in-one stock research solution that helps you identify the best stocks, monitor your portfolio, and keep track of the market. You get our top stock picks, best-in-class research tools, real-time alerts, proprietary research reports and much more. Claim your $300 account credit and free 30-day trial subscription today.September 25, 2023 | finance.yahoo.comUnity Bancorp, Inc. (NASDAQ:UNTY) is definitely on the radar of institutional investors who own 39% of the companySeptember 20, 2023 | americanbankingnews.comUnity Bancorp (NASDAQ:UNTY) Stock Passes Below 200-Day Moving Average of $23.71September 18, 2023 | news.yahoo.comUnity reportedly backtracking on new fees after developers revoltSeptember 14, 2023 | msn.comUnity Takes a Big Risk to Boost Growth and ProfitSeptember 5, 2023 | finance.yahoo.comUnity Bancorp (NASDAQ:UNTY) Has Affirmed Its Dividend Of $0.12September 29, 2023 | Chaikin Analytics (Ad)This is the #1 Stock to Buy for the AI Tidal WaveMarc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.August 23, 2023 | finance.yahoo.comWhy Unity Bancorp (UNTY) is a Top Dividend Stock for Your PortfolioAugust 22, 2023 | finance.yahoo.comUnity Bancorp's (NASDAQ:UNTY) Dividend Will Be $0.12August 18, 2023 | finance.yahoo.com5 Reasons Why Unity Bancorp (UNTY) Stock Is Worth Betting OnAugust 1, 2023 | finance.yahoo.comUnity Bank Ranked 13th Nationally by Bank Director in U.S. Ranking of the Best Publicly Traded BanksJuly 24, 2023 | finance.yahoo.comUnity Bancorp (NASDAQ:UNTY) shareholders have earned a 27% CAGR over the last three yearsJuly 19, 2023 | finance.yahoo.comUnity Bank Named Best Bank 2023 by Hunterdon HappeningJuly 14, 2023 | finance.yahoo.comUnity Bancorp (UNTY) Reports Q2 Earnings: What Key Metrics Have to SayJuly 14, 2023 | finanznachrichten.deUnity Bancorp, Inc.: Unity Bancorp Reports Quarterly Earnings of $9.7 MillionJuly 14, 2023 | markets.businessinsider.comUnity Bancorp Q2 Earnings Edge Up, Better Than EstimatesJuly 7, 2023 | msn.comUnity's Unique Competitive Advantage ExplainedJuly 7, 2023 | finance.yahoo.comUnity Bank Awarded the Raymond James Community Bankers CupJune 28, 2023 | finance.yahoo.comUnity Bank Appoints Industry Veteran Daniel Sharabba as SVP/Senior Retail OfficerJune 15, 2023 | msn.comIs Unity the Big Winner From Apple Vision Pro?June 9, 2023 | finance.yahoo.comUnity Bank Loan Supports Mountain Lakes Veteran Low Income Housing ProjectJune 6, 2023 | msn.comIs Unity Stock a Buy as It Gets a Major Boost From Apple?June 6, 2023 | msn.comUnity Bank gross earnings hit N57bn in 2022June 5, 2023 | msn.comUnity stock jumps as much as 26% on Apple Vision Pro partnershipJune 3, 2023 | finance.yahoo.comThere's A Lot To Like About Unity Bancorp's (NASDAQ:UNTY) Upcoming US$0.12 DividendSee More Headlines Receive UNTY Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Unity Bancorp and its competitors with MarketBeat's FREE daily newsletter. Email Address UNTY Company Calendar Last Earnings7/14/2023Ex-Dividend for 9/22 Dividend9/07/2023Dividend Payable9/22/2023Today9/29/2023Next Earnings (Estimated)10/13/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:UNTY CUSIPN/A CIK920427 Webwww.unitybank.com Phone(908) 730-7630Fax908-730-9430Employees230Year FoundedN/APrice Target and Rating Average Stock Price Forecast$31.75 High Stock Price Forecast$32.00 Low Stock Price Forecast$31.50 Forecasted Upside/Downside+33.3%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$3.77 Trailing P/E Ratio6.32 Forward P/E Ratio6.54 P/E GrowthN/ANet Income$38.46 million Net Margins30.24% Pretax Margin40.80% Return on Equity16.72% Return on Assets1.63% Debt Debt-to-Equity Ratio1.78 Current Ratio1.23 Quick Ratio1.23 Sales & Book Value Annual Sales$108.78 million Price / Sales2.22 Cash Flow$3.92 per share Price / Cash Flow6.07 Book Value$22.69 per share Price / Book1.05Miscellaneous Outstanding Shares10,140,000Free Float6,856,000Market Cap$241.53 million OptionableNot Optionable Beta1.01 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.Get This Free Report Key ExecutivesMr. David D. Dallas (Age 68)Founder & Chairman Mr. James A. Hughes (Age 64)Pres, CEO & Director Comp: $1.7MMr. Robert H. Dallas II (Age 76)Founder & Director Mr. George Allen Boyan III (Age 41)J.D., Exec. VP & CFO Comp: $634.12kMr. Vincent GeraciFirst Sr. VP & Director of Mortgage LendingDavid BoveSr. VP & CTOChristopher FenimoreFirst VP & Chief Compliance OfficerMichelle KirmserFirst VP & Gen. CounselCrystal RoseFirst VP & Marketing DirectorBridget WalshFirst VP & HR DirectorMore ExecutivesKey CompetitorsFirst Business Financial ServicesNASDAQ:FBIZCivista BancsharesNASDAQ:CIVBRBB BancorpNASDAQ:RBBOrange County BancorpNASDAQ:OBTCitizens Financial ServicesNASDAQ:CZFSView All CompetitorsInsiders & InstitutionsBarclays PLCSold 2,151 shares on 9/21/2023Ownership: 0.066%Alliancebernstein L.P.Bought 4,410 shares on 8/15/2023Ownership: 2.959%Goldman Sachs Group Inc.Bought 2,741 shares on 8/15/2023Ownership: 0.361%Royal Bank of CanadaBought 757 shares on 8/15/2023Ownership: 0.070%Wells Fargo & Company MNBought 1,519 shares on 8/15/2023Ownership: 0.034%View All Insider TransactionsView All Institutional Transactions UNTY Stock - Frequently Asked Questions Should I buy or sell Unity Bancorp stock right now? 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Unity Bancorp in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" UNTY shares. View UNTY analyst ratings or view top-rated stocks. What is Unity Bancorp's stock price forecast for 2023? 2 Wall Street research analysts have issued 1-year price targets for Unity Bancorp's shares. Their UNTY share price forecasts range from $31.50 to $32.00. On average, they anticipate the company's stock price to reach $31.75 in the next twelve months. This suggests a possible upside of 33.3% from the stock's current price. View analysts price targets for UNTY or view top-rated stocks among Wall Street analysts. How have UNTY shares performed in 2023? Unity Bancorp's stock was trading at $27.33 on January 1st, 2023. Since then, UNTY shares have decreased by 12.8% and is now trading at $23.82. View the best growth stocks for 2023 here. Are investors shorting Unity Bancorp? Unity Bancorp saw a increase in short interest in September. As of September 15th, there was short interest totaling 44,600 shares, an increase of 25.6% from the August 31st total of 35,500 shares. Based on an average trading volume of 17,200 shares, the short-interest ratio is currently 2.6 days. Currently, 0.6% of the shares of the stock are short sold. View Unity Bancorp's Short Interest. When is Unity Bancorp's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Friday, October 13th 2023. View our UNTY earnings forecast. How were Unity Bancorp's earnings last quarter? Unity Bancorp, Inc. (NASDAQ:UNTY) announced its quarterly earnings results on Friday, July, 14th. The financial services provider reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. The financial services provider had revenue of $37.51 million for the quarter, compared to analyst estimates of $23.75 million. Unity Bancorp had a net margin of 30.24% and a trailing twelve-month return on equity of 16.72%. How often does Unity Bancorp pay dividends? What is the dividend yield for Unity Bancorp? Unity Bancorp announced a quarterly dividend on Thursday, August 17th. Shareholders of record on Friday, September 8th will be given a dividend of $0.12 per share on Friday, September 22nd. This represents a $0.48 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, September 7th. Read our dividend analysis for UNTY. Is Unity Bancorp a good dividend stock? Unity Bancorp (NASDAQ:UNTY) pays an annual dividend of $0.48 per share and currently has a dividend yield of 2.02%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 12.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UNTY will have a dividend payout ratio of 12.70% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for UNTY. 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." How do I buy shares of Unity Bancorp? Shares of UNTY stock 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 $23.82. How much money does Unity Bancorp make? Unity Bancorp (NASDAQ:UNTY) has a market capitalization of $241.53 million and generates $108.78 million in revenue each year. The financial services provider earns $38.46 million in net income (profit) each year or $3.77 on an earnings per share basis. How many employees does Unity Bancorp have? The company employs 230 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 the company is www.unitybank.com. The financial services provider can be reached via phone at (908) 730-7630, via email at alan.bedner@unitybank.com, or via fax at 908-730-9430. This page (NASDAQ:UNTY) was last updated on 9/29/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Unity Bancorp, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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