NASDAQ:UNTY Unity Bancorp (UNTY) Stock Forecast, Price & News $23.39 +0.63 (+2.77%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$22.80▼$23.4450-Day Range$20.64▼$23.4352-Week Range$20.01▼$29.88Volume23,950 shsAverage Volume17,930 shsMarket Capitalization$235.54 millionP/E Ratio6.32Dividend Yield2.05%Price Target$31.75 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Unity Bancorp MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside35.7% Upside$31.75 Price TargetShort InterestHealthy1.17% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingAcquiring Shares$508,774 Bought Last QuarterProj. Earnings Growth5.59%From $3.58 to $3.78 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.91 out of 5 starsFinance Sector151st out of 873 stocksState Commercial Banks Industry51st out of 181 stocks 3.5 Analyst's Opinion Consensus RatingUnity Bancorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $31.75, Unity Bancorp has a forecasted upside of 35.7% from its current price of $23.39.Amount of Analyst CoverageUnity Bancorp has only been the subject of 1 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.17% of the float of Unity Bancorp has been sold short.Short Interest Ratio / Days to CoverUnity Bancorp has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Unity Bancorp has recently decreased by 1.49%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend YieldUnity Bancorp pays a meaningful dividend of 2.11%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthUnity Bancorp has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of Unity Bancorp is 12.97%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Unity Bancorp will have a dividend payout ratio of 12.70% next year. This indicates that Unity Bancorp will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for UNTY. Previous Next 0.0 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for Unity Bancorp this week, compared to 1 article on an average week.Search InterestOnly 1 people have searched for UNTY on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Unity Bancorp insiders have bought 427.06% more of their company's stock than they have sold. Specifically, they have bought $508,774.00 in company stock and sold $96,530.00 in company stock.Percentage Held by Insiders32.35% of the stock of Unity Bancorp is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions49.07% of the stock of Unity Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Unity Bancorp are expected to grow by 5.59% in the coming year, from $3.58 to $3.78 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Unity Bancorp is 6.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.89.Price to Earnings Ratio vs. SectorThe P/E ratio of Unity Bancorp is 6.32, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 162.49.Price to Book Value per Share RatioUnity Bancorp has a P/B Ratio of 0.98. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Unity Bancorp (NASDAQ:UNTY) StockUnity Bancorp, Inc. is a bank holding company, which engages in the ownership and supervision of Unity Bank. The firm accepts personal and business checking accounts, time deposits, money market accounts, regular savings accounts, and demand and savings deposits. Its loan portfolio comprises credit cards, mortgage, home equity, and personal loans. The company was founded in 1991 and is headquartered in Clinton, NJ.Read More Receive UNTY Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Unity Bancorp and its competitors with MarketBeat's FREE daily newsletter. Email Address UNTY Stock News HeadlinesJune 3, 2023 | finance.yahoo.comThere's A Lot To Like About Unity Bancorp's (NASDAQ:UNTY) Upcoming US$0.12 DividendMay 22, 2023 | finance.yahoo.comUnity Bank Opening First Branch in Morris CountyJune 3, 2023 | Behind the Markets (Ad)Why did Biden repeal Trump's Executive Order?!" Why did Biden repeal Trump's Executive Order?! Within 10 days of taking office, President Trump signed "Executive Order 13771" in an effort to win the battle for what 60 minutes said could be "the most consequential discovery in biomedicine this century." So why did Biden repeal this? Click here to learn more >>> "May 20, 2023 | americanbankingnews.comUnity Bancorp (NASDAQ:UNTY) Now Covered by StockNews.comMay 11, 2023 | americanbankingnews.comShort Interest in Unity Bancorp, Inc. (NASDAQ:UNTY) Increases By 61.4%May 10, 2023 | finance.yahoo.comUnity Bank Selected for the ICBA Best-Performing Banks 2023 ListMay 2, 2023 | finance.yahoo.comUnity Bancorp's (NASDAQ:UNTY) Shareholders Will Receive A Bigger Dividend Than Last YearApril 29, 2023 | americanbankingnews.comUnity Bancorp, Inc. (NASDAQ:UNTY) Chairman David D. Dallas Purchases 20,000 SharesJune 3, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.April 29, 2023 | marketwatch.com8-K: UNITY BANCORP INC /NJ/April 29, 2023 | msn.comUnity Bancorp (UNTY) Declares $0.12 DividendApril 27, 2023 | americanbankingnews.comUnity Bancorp, Inc. (NASDAQ:UNTY) Short Interest UpdateApril 19, 2023 | markets.businessinsider.comPiper Sandler Keeps Their Buy Rating on Unity Bancorp (UNTY)April 19, 2023 | americanbankingnews.comUnity Bancorp (NASDAQ:UNTY) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPSApril 17, 2023 | finanznachrichten.deUnity Bancorp, Inc.: Unity Bancorp Reports Quarterly Earnings of $10.3 MillionApril 17, 2023 | nasdaq.comUnity Bancorp (UNTY) Surpasses Q1 Earnings and Revenue EstimatesApril 17, 2023 | finance.yahoo.comUnity Bancorp Reports Quarterly Earnings of $10.3 MillionApril 11, 2023 | americanbankingnews.comUnity Bancorp (UNTY) Set to Announce Earnings on WednesdayApril 9, 2023 | americanbankingnews.comKeefe, Bruyette & Woods Trims Unity Bancorp (NASDAQ:UNTY) Target Price to $31.50April 6, 2023 | msn.comKeefe, Bruyette & Woods Maintains Unity Bancorp (UNTY) Outperform RecommendationApril 3, 2023 | msn.comUnity Township woman scammed out of $14,000 by unknown man reporting problem with her McAfee accountApril 3, 2023 | 247wallst.comUnusual Call Option Trade in Unity Software Worth $312KMarch 31, 2023 | americanbankingnews.comShort Interest in Unity Bancorp, Inc. (NASDAQ:UNTY) Rises By 22.1%March 26, 2023 | americanbankingnews.comUnity Bancorp (NASDAQ:UNTY) & California BanCorp (NASDAQ:CALB) Critical AnalysisMarch 17, 2023 | finance.yahoo.comDavid Dallas Is The Founder & Chairman of the Board of Unity Bancorp, Inc. (NASDAQ:UNTY) And They Just Picked Up 34% More SharesMarch 4, 2023 | finance.yahoo.comWhy You Might Be Interested In Unity Bancorp, Inc. (NASDAQ:UNTY) For Its Upcoming DividendFebruary 21, 2023 | finance.yahoo.comUnity Bancorp (NASDAQ:UNTY) Is Paying Out A Larger Dividend Than Last YearSee More Headlines UNTY Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart UNTY Company Calendar Ex-Dividend for 3/24 Dividend3/09/2023Dividend Payable3/24/2023Last Earnings4/17/2023Today6/03/2023Ex-Dividend for 6/23 Dividend6/08/2023Dividend Payable6/23/2023Next Earnings (Estimated)7/13/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:UNTY CUSIPN/A CIK920427 Webwww.unitybank.com Phone(908) 730-7630Fax908-730-9430Employees208Year FoundedN/APrice Target and Rating Average Stock Price Forecast$31.75 High Stock Price Forecast$32.00 Low Stock Price Forecast$31.50 Forecasted Upside/Downside+35.7%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$3.70 Trailing P/E Ratio6.32 Forward P/E Ratio6.53 P/E GrowthN/ANet Income$38.46 million Net Margins32.98% Pretax Margin44.35% Return on Equity17.03% Return on Assets1.69% Debt Debt-to-Equity Ratio1.60 Current Ratio1.21 Quick Ratio1.21 Sales & Book Value Annual Sales$108.78 million Price / Sales2.17 Cash Flow$4.02 per share Price / Cash Flow5.82 Book Value$23.88 per share Price / Book0.98Miscellaneous Outstanding Shares10,070,000Free Float6,812,000Market Cap$235.54 million OptionableNot Optionable Beta1.00 Key ExecutivesJames A. HughesPresident, Chief Executive Officer & DirectorJohn J. KauchakChief Operating Officer & Executive Vice PresidentGeorge BoyanChief Financial Officer & Executive Vice PresidentJanice BolomeyChief Administrative Officer, Sales Director & EVPRyan PeeneChief Depository Officer & Senior Vice PresidentKey CompetitorsFirst Business Financial ServicesNASDAQ:FBIZFirst FoundationNASDAQ:FFWMMVB FinancialNASDAQ:MVBFCivista BancsharesNASDAQ:CIVBSierra BancorpNASDAQ:BSRRView All CompetitorsInsiders & InstitutionsFourthstone LLCSold 140,473 shares on 5/16/2023Ownership: 3.328%Geode Capital Management LLCBought 7,182 shares on 5/16/2023Ownership: 1.216%State Street CorpBought 6,331 shares on 5/16/2023Ownership: 0.877%BHZ Capital Management LPSold 1,988 shares on 5/16/2023Ownership: 0.343%First Trust Advisors LPSold 2,059 shares on 5/16/2023Ownership: 0.212%View All Insider TransactionsView All Institutional Transactions UNTY Stock - Frequently Asked Questions Should I buy or sell Unity Bancorp stock right now? 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Unity Bancorp in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities 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 twelve-month price targets for Unity Bancorp's stock. Their UNTY share price forecasts range from $31.50 to $32.00. On average, they predict the company's share price to reach $31.75 in the next year. This suggests a possible upside of 35.7% 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 at the beginning of 2023. Since then, UNTY shares have decreased by 14.4% and is now trading at $23.39. View the best growth stocks for 2023 here. When is Unity Bancorp's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, July 13th 2023. View our UNTY earnings forecast. How were Unity Bancorp's earnings last quarter? Unity Bancorp, Inc. (NASDAQ:UNTY) released its quarterly earnings data on Monday, April, 17th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.05. The financial services provider earned $34.77 million during the quarter, compared to analysts' expectations of $24.82 million. Unity Bancorp had a trailing twelve-month return on equity of 17.03% and a net margin of 32.98%. How often does Unity Bancorp pay dividends? What is the dividend yield for Unity Bancorp? Unity Bancorp declared a quarterly dividend on Thursday, April 27th. Investors of record on Friday, June 9th will be given a dividend of $0.12 per share on Friday, June 23rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, June 8th. Read our dividend analysis for UNTY. What ETFs hold Unity Bancorp's stock? ETFs with the largest weight of Unity Bancorp (NASDAQ:UNTY) stock in their portfolio include AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), First Trust Dow Jones Select Microcap Index Fund (FDM), First Trust NASDAQ ABA Community Bank Index Fund (QABA), 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 2.11%. 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 12.97%. 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." Who are Unity Bancorp's major shareholders? Unity Bancorp's stock is owned by many different institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (4.05%), Wellington Management Group LLP (4.03%), BlackRock Inc. (3.64%), Fourthstone LLC (3.33%), Royce & Associates LP (2.09%) and FMR LLC (1.33%). 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, Mary E Gross, Stephen Rooney, Vincent Geraci and Wayne Courtright. View institutional ownership trends. 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 $23.39. How much money does Unity Bancorp make? Unity Bancorp (NASDAQ:UNTY) has a market capitalization of $235.54 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 $3.70 on an earnings per share basis. How many employees does Unity Bancorp have? The company employs 208 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 6/3/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Unity Bancorp, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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