Unity Bancorp (UNTY) Stock Forecast, Price & News

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.

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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Friday, October 13th 2023.
View our UNTY earnings forecast.

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%.

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.

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.

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).

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

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.
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One share of UNTY stock can currently be purchased for approximately $23.82.

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.

The company employs 230 workers across the globe.

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.