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S&P 500   3,925.43
DOW   31,961.86
QQQ   324.13
S&P 500   3,925.43
DOW   31,961.86
QQQ   324.13
S&P 500   3,925.43
DOW   31,961.86
QQQ   324.13
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NASDAQ:UNTY

Unity Bancorp Stock Forecast, Price & News

$20.14
+0.80 (+4.14 %)
(As of 02/24/2021 12:00 AM ET)
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Today's Range
$19.53
Now: $20.14
$20.51
50-Day Range
$18.07
MA: $19.36
$20.29
52-Week Range
$8.76
Now: $20.14
$20.76
Volume41,971 shs
Average Volume23,427 shs
Market Capitalization$212.80 million
P/E Ratio9.82
Dividend Yield1.65%
Beta1.42
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. It offers personal and business checking accounts, time deposits, money market accounts, and regular savings accounts. The company also provides commercial, small business administration, consumer, mortgage, home equity, and personal loans. As of December 31, 2019, it offered its financial 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. The company was founded in 1991 and is based in Clinton, New Jersey.

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:UNTY
CUSIPN/A
Phone908-730-7630
Employees196
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$85.19 million
Cash Flow$2.36 per share
Book Value$14.78 per share

Profitability

Net Income$23.65 million

Miscellaneous

Market Cap$212.80 million
Next Earnings Date4/16/2021 (Estimated)
OptionableNot Optionable

MarketRank

Overall MarketRank

1.97 out of 5 stars

Finance Sector

240th out of 1,937 stocks

State Commercial Banks Industry

48th out of 310 stocks

Analyst Opinion: 1.5Community Rank: 2.5Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -
$20.14
+0.80 (+4.14 %)
(As of 02/24/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Unity Bancorp (NASDAQ:UNTY) Frequently Asked Questions

Is Unity Bancorp a buy right now?

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. The consensus among Wall Street analysts is that investors should "buy" Unity Bancorp stock.
View analyst ratings for Unity Bancorp
or view top-rated stocks.

What stocks does MarketBeat like better than Unity Bancorp?

Wall Street analysts have given Unity Bancorp a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Unity Bancorp wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Unity Bancorp's next earnings date?

Unity Bancorp is scheduled to release its next quarterly earnings announcement on Friday, April 16th 2021.
View our earnings forecast for Unity Bancorp
.

How were Unity Bancorp's earnings last quarter?

Unity Bancorp, Inc. (NASDAQ:UNTY) issued its quarterly earnings results on Thursday, January, 21st. The financial services provider reported $0.69 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.60 by $0.09. Unity Bancorp had a trailing twelve-month return on equity of 13.57% and a net margin of 25.18%.
View Unity Bancorp's earnings history
.

How has Unity Bancorp's stock been impacted by COVID-19 (Coronavirus)?

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 shares have increased by 22.0% and is now trading at $20.14.
View which stocks have been most impacted by COVID-19
.

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

Unity Bancorp declared a quarterly dividend on Friday, November 20th. Stockholders of record on Thursday, December 17th will be paid a dividend of $0.08 per share on Thursday, December 31st. This represents a $0.32 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Wednesday, December 16th.
View Unity Bancorp's dividend history
.

Is Unity Bancorp a good dividend stock?

Unity Bancorp pays an annual dividend of $0.32 per share and currently has a dividend yield of 1.65%. The dividend payout ratio of Unity Bancorp is 14.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Unity Bancorp will have a dividend payout ratio of 13.97% next year. This indicates that Unity Bancorp will be able to sustain or increase its dividend.
View Unity Bancorp's dividend history.

What price target have analysts set for UNTY?

2 brokerages have issued 12-month target prices for Unity Bancorp's stock. Their forecasts range from $20.00 to $21.00. On average, they anticipate Unity Bancorp's share price to reach $20.50 in the next year. This suggests a possible upside of 1.8% from the stock's current price.
View analysts' price targets for Unity Bancorp
or view top-rated stocks among Wall Street analysts.

Who are Unity Bancorp's key executives?

Unity Bancorp's management team includes the following people:
  • Mr. David D. Dallas, Founder & Chairman (Age 66)
  • Mr. James A. Hughes, Pres, CEO & Director (Age 62, Pay $1.81M)
  • Mr. Robert H. Dallas II, Founder & Director (Age 74)
  • Mr. John J. Kauchak, Exec. VP & COO (Age 68, Pay $368.62k)
  • Ms. Janice Bolomey, Chief Admin. Officer, Exec. VP & Director of Sales (Age 53, Pay $361.36k)
  • Mr. Stephen F. Rooney, First Sr. VP & Chief Lending Officer (Age 59, Pay $262.78k)
  • Ms. Laureen S. Cook, Sr. VP, Chief Accounting Officer & Interim CFO (Age 53)
  • David Bove, Sr. VP & CTO
  • Christopher Fenimore, First VP & Chief Compliance Officer
  • Michelle Kirmser, First VP & Gen. Counsel

Who are some of Unity Bancorp's key competitors?

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 a number of institutional and retail investors. Top institutional shareholders include Banc Funds Co. LLC (6.59%), BlackRock Inc. (4.03%), Kennedy Capital Management Inc. (3.40%), Royce & Associates LP (2.59%), Northern Trust Corp (0.83%) and Nuveen Asset Management LLC (0.36%). Company insiders that own Unity Bancorp stock include Alan J Bedner, David D Dallas, John J Kauchak, Mark S Brody, Robert H Dallas II, Stephen Rooney and Wayne Courtright.
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 Banc Funds Co. LLC, Renaissance Technologies LLC, Wells Fargo & Company MN, Northern Trust Corp, Bank of New York Mellon Corp, and Zebra Capital Management LLC.
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 purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., JPMorgan Chase & Co., Kennedy Capital Management Inc., Nuveen Asset Management LLC, Royce & Associates LP, Barclays PLC, Rhumbline Advisers, and Citigroup Inc.. Company insiders that have bought Unity Bancorp stock in the last two years include David D Dallas, Mark S Brody, and Robert H Dallas II.
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 $20.14.

How much money does Unity Bancorp make?

Unity Bancorp has a market capitalization of $212.80 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.

How many employees does Unity Bancorp have?

Unity Bancorp employs 196 workers across the globe.

What is Unity Bancorp's official website?

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

Where are Unity Bancorp's headquarters?

Unity Bancorp is headquartered at 64 OLD HIGHWAY 22, CLINTON NJ, 08809.

How can I contact Unity Bancorp?

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]


This page was last updated on 2/25/2021 by MarketBeat.com Staff

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