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NASDAQ:UNTY

Unity Bancorp (UNTY) Stock Forecast, Price & News

$23.75
-0.07 (-0.29%)
(As of 01:02 PM ET)
Compare
Today's Range
$23.58
$23.91
50-Day Range
$23.32
$27.18
52-Week Range
$20.01
$29.88
Volume
7,283 shs
Average Volume
22,685 shs
Market Capitalization
$240.83 million
P/E Ratio
6.30
Dividend Yield
2.02%
Price Target
$31.75

Unity Bancorp MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
33.7% Upside
$31.75 Price Target
Short Interest
Healthy
0.61% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.44mentions of Unity Bancorp in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.85%
From $3.64 to $3.78 Per Share

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 stars

Finance Sector

255th out of 868 stocks

State Commercial Banks Industry

66th out of 182 stocks


UNTY stock logo

About Unity Bancorp (NASDAQ:UNTY) Stock

Unity 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.

UNTY Price History

UNTY Stock News Headlines

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Unity Bancorp's (NASDAQ:UNTY) Dividend Will Be $0.12
Unity Bancorp Q2 Earnings Edge Up, Better Than Estimates
See More Headlines
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UNTY Company Calendar

Last Earnings
7/14/2023
Ex-Dividend for 9/22 Dividend
9/07/2023
Dividend Payable
9/22/2023
Today
9/29/2023
Next Earnings (Estimated)
10/13/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:UNTY
Employees
230
Year Founded
N/A

Price 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 Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$38.46 million
Pretax Margin
40.80%

Debt

Sales & Book Value

Annual Sales
$108.78 million
Cash Flow
$3.92 per share
Book Value
$22.69 per share

Miscellaneous

Free Float
6,856,000
Market Cap
$241.53 million
Optionable
Not Optionable
Beta
1.01
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Key Executives

  • Mr. David D. Dallas (Age 68)
    Founder & Chairman
  • Mr. James A. Hughes (Age 64)
    Pres, CEO & Director
    Comp: $1.7M
  • Mr. Robert H. Dallas II (Age 76)
    Founder & Director
  • Mr. George Allen Boyan III (Age 41)
    J.D., Exec. VP & CFO
    Comp: $634.12k
  • Mr. Vincent GeraciMr. Vincent Geraci
    First Sr. VP & Director of Mortgage Lending
  • David Bove
    Sr. VP & CTO
  • Christopher Fenimore
    First VP & Chief Compliance Officer
  • Michelle Kirmser
    First VP & Gen. Counsel
  • Crystal Rose
    First VP & Marketing Director
  • Bridget Walsh
    First VP & HR Director













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

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