NASDAQ:UNTYUnity Bancorp Stock Price, Forecast & News

Unity Bancorp's stock was trading at $16.51 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, UNTY stock has decreased by 13.0% and is now trading at $14.37. View which stocks have been most impacted by Coronavirus.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Unity Bancorp in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Unity Bancorp.

Unity Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, July 16th 2020. View our earnings forecast for Unity Bancorp.

Unity Bancorp, Inc. (NASDAQ:UNTY) posted its quarterly earnings data on Friday, April, 17th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.48 by $0.01. The financial services provider had revenue of $17.79 million for the quarter, compared to analyst estimates of $17.10 million. Unity Bancorp had a net margin of 26.82% and a return on equity of 14.80%. View Unity Bancorp's earnings history.

Unity Bancorp announced a quarterly dividend on Thursday, April 23rd. Stockholders of record on Friday, June 12th will be given a dividend of $0.08 per share on Friday, June 26th. This represents a $0.32 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Thursday, June 11th. View Unity Bancorp's dividend history.

2 brokerages have issued 12 month price objectives for Unity Bancorp's stock. Their forecasts range from $20.00 to $21.00. On average, they expect Unity Bancorp's share price to reach $20.50 in the next twelve months. This suggests a possible upside of 42.7% from the stock's current price. View analysts' price targets for Unity Bancorp.

Press coverage about UNTY stock has been trending very positive this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Unity Bancorp earned a news impact score of 4.0 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the immediate future. View the latest news aboutUnity Bancorp.

Some companies that are related to Unity Bancorp include First Foundation (FFWM), OFG Bancorp (OFG), First National Bank Alaska (FBAK), TrustCo Bank Corp NY (TRST), Community Trust Bancorp (CTBI), Triumph Bancorp (TBK), Great Southern Bancorp (GSBC), Boston Private Financial (BPFH), Luther Burbank (LBC), ConnectOne Bancorp (CNOB), Lakeland Bancorp (LBAI), Preferred Bank (PFBC), Live Oak Bancshares (LOB), HomeStreet (HMST) and Bryn Mawr Bank (BMTC). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Unity Bancorp investors own include Metlife (MET), Realty Income (O), Royal Bank of Canada (RY), Southern (SO), Ventas (VTR), Wells Fargo & Co (WFC), AbbVie (ABBV), Preferred Apartment Communities (APTS), Delta Air Lines (DAL) and Enbridge (ENB).

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

Unity Bancorp's stock is owned by many different institutional and retail investors. Top institutional shareholders include Banc Funds Co. LLC (7.65%), BlackRock Inc. (3.85%), Wellington Management Group LLP (3.66%), Alliancebernstein L.P. (2.18%), State Street Corp (1.17%) and Geode Capital Management LLC (1.08%). Company insiders that own Unity Bancorp stock include Alan J Bedner, David D Dallas, James A Hughes, John J Kauchak, Mark S Brody, Robert H Dallas II, Stephen Rooney and Wayne Courtright. View institutional ownership trends for Unity Bancorp.

UNTY stock was sold by a variety of institutional investors in the last quarter, including Banc Funds Co. LLC, Morgan Stanley, State Street Corp, UBS Group AG, Cadence Capital Management LLC, and Nuveen Asset Management LLC. View insider buying and selling activity for Unity Bancorp.

UNTY stock was acquired by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Alliancebernstein L.P., Elizabeth Park Capital Advisors Ltd., Geode Capital Management LLC, Advisor Group Holdings Inc., Rhumbline Advisers, JPMorgan Chase & Co., and BlackRock Inc.. Company insiders that have bought Unity Bancorp stock in the last two years include David D Dallas, James A Hughes, Mark S Brody, and Robert H Dallas II. View insider buying and selling activity for 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of UNTY stock can currently be purchased for approximately $14.37.

Unity Bancorp has a market capitalization of $156.35 million and generates $85.19 million in revenue each year. The financial services provider earns $23.65 million in net income (profit) each year or $2.14 on an earnings per share basis. Unity Bancorp employs 190 workers across the globe.

The official website for Unity Bancorp is www.unitybank.com.

Unity Bancorp's mailing address is 64 OLD HIGHWAY 22, CLINTON NJ, 08809. The financial services provider can be reached via phone at 908-730-7630 or via email at [email protected]