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 brokers have issued 1-year target prices for Unity Bancorp's shares. Their UNTY share price forecasts range from $32.00 to $33.00. On average, they expect the company's share price to reach $32.50 in the next year. This suggests a possible upside of 19.9% 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 at the beginning of 2023. Since then, UNTY stock has decreased by 0.8% and is now trading at $27.11.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 13th 2023.
View our UNTY earnings forecast.

Unity Bancorp, Inc. (NASDAQ:UNTY) posted its quarterly earnings results on Thursday, October, 14th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.07. The financial services provider had revenue of $22.53 million for the quarter, compared to analyst estimates of $22.20 million. Unity Bancorp had a trailing twelve-month return on equity of 17.32% and a net margin of 35.35%.

Unity Bancorp announced a quarterly dividend on Thursday, November 17th. Shareholders of record on Friday, December 16th will be paid a dividend of $0.11 per share on Friday, December 30th. This represents a $0.44 annualized dividend and a yield of 1.62%. The ex-dividend date is Thursday, December 15th.
Read our dividend analysis for UNTY.

Unity Bancorp (NASDAQ:UNTY) pays an annual dividend of $0.44 per share and currently has a dividend yield of 1.60%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 12.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UNTY will have a dividend payout ratio of 10.63% 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."

Unity Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional investors include River Oaks Capital LLC (0.91%), 4J Wealth Management LLC (0.13%), Allspring Global Investments Holdings LLC (0.10%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include David D Dallas, Donald E Jr Souders, Donald E Jr Souders, George Boyan, Janice Bolomey, John J Kauchak, Laureen Cook, Mark S Brody, Mark S Brody, Mary E Gross, Robert H Dallas II, Stephen Rooney and Vincent Geraci.
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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 $27.11.

Unity Bancorp (NASDAQ:UNTY) has a market capitalization of $286.01 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 $3.59 on an earnings per share basis.

The company employs 208 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.