NASDAQ:UNTY Unity Bancorp Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. Log In and Add $10.80 -0.11 (-1.01 %) (As of 09/24/2020 03:59 PM ET) Add Compare Share Today's Range$10.80Now: $10.80▼$11.0350-Day Range$11.21MA: $13.16▼$14.4552-Week Range$8.76Now: $10.80▼$24.70Volume885 shsAverage Volume19,473 shsMarket Capitalization$115.33 millionP/E Ratio5.27Dividend Yield2.85%Beta1.28 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Unity Bancorp, Inc. operates as the holding company for Unity Bank that provides a range of banking products and services to individuals, small and medium sized businesses, and professional communities. The company offers personal and business checking accounts, time deposits, money market accounts, and regular savings accounts. It also provides commercial, small business administration, consumer, mortgage, home equity, and personal loans. As of December 31, 2018, the company offered its financial services through 19 branch offices located in Bergen, Hunterdon, Middlesex, Somerset, Union, and Warren Counties in New Jersey, as well as Northampton County, Pennsylvania. Unity Bancorp, Inc. was founded in 1991 and is headquartered in Clinton, New Jersey.Read More Beat the Market (BTM) Rank™ 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 $20.50, Unity Bancorp has a forecasted upside of 85.9% from its current price of $11.03.Amount of Analyst CoverageUnity Bancorp has only been the subject of 1 research reports in the past 90 days. Previous Next 2.5 Community Rank Outperform VotesUnity Bancorp has received 139 “outperform” votes. (Add your “outperform” vote.)Underperform VotesUnity Bancorp has received 137 “underperform” votes. (Add your “underperform” vote.)Community SentimentUnity Bancorp has received 50.36% “outperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Unity Bancorp and other stocks. Vote “Outperform” if you believe UNTY will outperform the S&P 500 over the long term. Vote “Underperform” if you believe UNTY will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 3.3 Dividend Strength Dividend YieldUnity Bancorp pays a meaningful dividend of 2.85%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthUnity Bancorp has been increasing its dividend for 6 years.Dividend CoverageThe dividend payout ratio of Unity Bancorp is 14.95%. 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 15.84% next year. This indicates that Unity Bancorp will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Unity Bancorp insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 30.12% of the stock of Unity Bancorp is held by insiders.Percentage Held by Institutions49.59% 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 6.32% in the coming year, from $1.90 to $2.02 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Unity Bancorp is 5.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 17.98.Price to Earnings Ratio vs. SectorThe P/E ratio of Unity Bancorp is 5.38, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 15.95.Price to Book Value per Share RatioUnity Bancorp has a P/B Ratio of 0.75. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.5Community Rank: 2.5Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.57 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry State commercial banks Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:UNTY Previous Symbol CUSIPN/A CIK920427 Webwww.unitybank.com Phone908-730-7630Debt Debt-to-Equity Ratio1.40 Current Ratio1.18 Quick Ratio1.18Price-To-Earnings Trailing P/E Ratio5.27 Forward P/E Ratio5.68 P/E GrowthN/A Sales & Book Value Annual Sales$85.19 million Price / Sales1.35 Cash Flow$2.08 per share Price / Cash Flow5.18 Book Value$14.78 per share Price / Book0.73Profitability EPS (Most Recent Fiscal Year)$2.14 Net Income$23.65 million Net Margins25.79% Return on Equity13.99% Return on Assets1.29%Miscellaneous Employees190 Outstanding Shares10,679,000Market Cap$115.33 million Next Earnings Date10/15/2020 (Estimated) OptionableNot Optionable $10.80 -0.11 (-1.01 %) (As of 09/24/2020 03:59 PM ET) 30 days | 90 days | 365 days | Advanced Chart Receive UNTY News and Ratings via Email Sign-up to receive the latest news and ratings for UNTY and its competitors with MarketBeat's FREE daily newsletter. Unity Bancorp (NASDAQ:UNTY) Frequently Asked Questions How has Unity Bancorp's stock been impacted by Coronavirus (COVID-19)? Unity Bancorp's stock was trading at $16.51 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, UNTY stock has decreased by 34.6% and is now trading at $10.80. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Unity Bancorp? 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. When is Unity Bancorp's next earnings date? Unity Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, October 15th 2020. View our earnings forecast for Unity Bancorp. How were Unity Bancorp's earnings last quarter? Unity Bancorp, Inc. (NASDAQ:UNTY) announced its quarterly earnings results on Thursday, July, 23rd. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.36 by $0.11. The financial services provider earned $18.34 million during the quarter, compared to analysts' expectations of $17.60 million. Unity Bancorp had a net margin of 25.79% and a return on equity of 13.99%. View Unity Bancorp's earnings history. How often does Unity Bancorp pay dividends? What is the dividend yield for Unity Bancorp? Unity Bancorp declared a quarterly dividend on Tuesday, September 1st. Investors of record on Friday, September 11th will be paid a dividend of $0.08 per share on Friday, September 25th. This represents a $0.32 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Thursday, September 10th. View Unity Bancorp's dividend history. What price target have analysts set for UNTY? 2 Wall Street analysts 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 89.8% from the stock's current price. View analysts' price targets for Unity Bancorp. Who are some of Unity Bancorp's key competitors? Some companies that are related to Unity Bancorp include Origin Bancorp (OBNK), Franklin Financial Network (FSB), Allegiance Bancshares (ABTX), HarborOne Bancorp (HONE), CrossFirst Bankshares (CFB), Boston Private Financial (BPFH), Horizon Bancorp (HBNC), First Financial (THFF), Byline Bancorp (BY), Luther Burbank (LBC), Univest Financial (UVSP), QCR (QCRH), Bank of Marin Bancorp (BMRC), Tristate Capital (TSC) and First Mid-Illinois Bancshares (FMBH). View all 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 Metlife (MET), Realty Income (O), Royal Bank of Canada (RY), Southern (SO), Ventas (VTR), Wells Fargo & Company (WFC), AbbVie (ABBV), Preferred Apartment Communities (APTS), Enbridge (ENB) and Energy Transfer LP Unit (ET). Who are Unity Bancorp's key executives? Unity Bancorp's management team includes the following people: Mr. David D. Dallas, Founder & Chairman (Age 64)Mr. James A. Hughes, Pres, CEO & Director (Age 60)Mr. Robert H. Dallas II, Founder & Director (Age 72)Mr. Alan J. Bedner Jr., Exec. VP & CFO (Age 48)Mr. John J. Kauchak, Exec. VP & COO (Age 66) 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 retail and institutional investors. Top institutional investors include Banc Funds Co. LLC (7.60%), Bridgeway Capital Management Inc. (1.10%), Cadence Capital Management LLC (0.93%), Bank of New York Mellon Corp (0.36%), Nuveen Asset Management LLC (0.29%) and Goldman Sachs Group Inc. (0.12%). 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. 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, Bridgeway Capital Management Inc., Goldman Sachs Group Inc., and UBS Group AG. View insider buying and selling activity for Unity Bancorp. Which institutional investors are buying Unity Bancorp stock? UNTY stock was bought by a variety of institutional investors in the last quarter, including Cadence Capital Management LLC, Nuveen Asset Management LLC, Edge Wealth Management LLC, Bank of New York Mellon Corp, and Bank of America Corp DE. 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. 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. What is Unity Bancorp's stock price today? One share of UNTY stock can currently be purchased for approximately $10.80. How big of a company is Unity Bancorp? Unity Bancorp has a market capitalization of $115.33 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. What is Unity Bancorp's official website? The official website for Unity Bancorp is www.unitybank.com. 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 9/24/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
