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Unity Bancorp - UNTY Stock Forecast, Price & News

$28.30
+0.20 (+0.71%)
(As of 08/12/2022 11:19 AM ET)
Add
Compare
Today's Range
$28.14
$28.30
50-Day Range
$25.82
$29.39
52-Week Range
$22.19
$31.37
Volume
151 shs
Average Volume
25,249 shs
Market Capitalization
$296.87 million
P/E Ratio
7.97
Dividend Yield
1.56%
Price Target
$33.00

Unity Bancorp MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
17.4% Upside
$33.00 Price Target
Short Interest
Healthy
2.05% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.65mentions of Unity Bancorp in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.23%
From $3.69 to $3.92 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.61 out of 5 stars

Finance Sector

298th out of 920 stocks

State Commercial Banks Industry

58th out of 191 stocks

UNTY stock logo

About Unity Bancorp (NASDAQ:UNTY) Stock

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. The company offers personal and business checking accounts, time deposits, money market accounts, and regular savings accounts, as well as noninterest and interest-bearing demand deposits. It also provides small business administration loans; commercial loans; and residential mortgage and consumer loans, including residential real estate, home equity lines and loans, and residential construction lines, as well as personal loans. the company offered its 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. Unity Bancorp, Inc. was incorporated in 1991 and is based in Clinton, New Jersey.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Unity Bancorp from a "buy" rating to a "hold" rating in a research note on Monday, August 1st.

Unity Bancorp Stock Performance

Shares of NASDAQ:UNTY traded up $0.20 during midday trading on Friday, hitting $28.30. 132 shares of the company's stock were exchanged, compared to its average volume of 25,249. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. Unity Bancorp has a 12 month low of $22.19 and a 12 month high of $31.37. The company's 50 day moving average price is $27.39 and its 200 day moving average price is $28.13. The firm has a market capitalization of $296.87 million, a PE ratio of 7.92 and a beta of 1.04.

Unity Bancorp (NASDAQ:UNTY - Get Rating) last released its quarterly earnings results on Thursday, July 14th. The financial services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.02. Unity Bancorp had a return on equity of 18.34% and a net margin of 38.44%. As a group, analysts predict that Unity Bancorp will post 3.69 earnings per share for the current fiscal year.

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UNTY Stock News Headlines

Unity Bancorp (UNTY) Misses Q2 Earnings Estimates
Best Momentum Stock to Buy for June 30th
Unity Bancorp Inc - Stock Quote UNTY
Unity Bancorp raises dividend by 10% to $0.11
Unity Bancorp, Inc. (UNTY)
Unity Bancorp declares $0.10 dividend
See More Headlines
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UNTY Company Calendar

Ex-Dividend for 6/24 Dividend
6/09/2022
Dividend Payable
6/24/2022
Last Earnings
7/14/2022
Today
8/12/2022
Next Earnings (Estimated)
10/21/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:UNTY
Employees
208
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$33.00
High Stock Price Forecast
$33.00
Low Stock Price Forecast
$33.00
Forecasted Upside/Downside
+16.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$36.12 million
Pretax Margin
50.68%

Debt

Sales & Book Value

Annual Sales
$96.83 million
Cash Flow
$3.67 per share
Book Value
$19.83 per share

Miscellaneous

Free Float
7,100,000
Market Cap
$296.87 million
Optionable
Not Optionable
Beta
1.04














UNTY Stock - Frequently Asked Questions

Should I buy or sell Unity Bancorp stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Unity Bancorp in the last twelve months. There are currently 1 buy rating 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 2022?

1 brokerages have issued 12 month target prices for Unity Bancorp's stock. Their UNTY share price forecasts range from $33.00 to $33.00. On average, they predict the company's share price to reach $33.00 in the next twelve months. This suggests a possible upside of 17.4% 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 2022?

Unity Bancorp's stock was trading at $26.25 at the beginning of the year. Since then, UNTY stock has increased by 7.0% and is now trading at $28.10.
View the best growth stocks for 2022 here
.

Are investors shorting Unity Bancorp?

Unity Bancorp saw a increase in short interest in July. As of July 15th, there was short interest totaling 143,400 shares, an increase of 28.5% from the June 30th total of 111,600 shares. Based on an average trading volume of 64,200 shares, the short-interest ratio is presently 2.2 days. Approximately 2.0% of the shares of the company are short sold.
View Unity Bancorp's Short Interest
.

When is Unity Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, October 21st 2022.
View our UNTY earnings forecast
.

How were Unity Bancorp's earnings last quarter?

Unity Bancorp, Inc. (NASDAQ:UNTY) posted its quarterly earnings data on Thursday, July, 14th. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.02. Unity Bancorp had a trailing twelve-month return on equity of 18.34% and a net margin of 38.44%.

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

Unity Bancorp announced a quarterly dividend on Friday, April 29th. Stockholders of record on Friday, June 10th will be given a dividend of $0.11 per share on Friday, June 24th. This represents a $0.44 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, June 9th. This is a positive change from the stock's previous quarterly dividend of $0.10.
Read our dividend analysis for UNTY
.

Is Unity Bancorp a good dividend stock?

Unity Bancorp (NASDAQ:UNTY) pays an annual dividend of $0.44 per share and currently has a dividend yield of 1.56%. 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 12.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UNTY will have a dividend payout ratio of 11.22% 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 a variety of institutional and retail investors. Top institutional shareholders include Pacific Ridge Capital Partners LLC (2.23%), Kennedy Capital Management Inc. (1.11%), River Oaks Capital LLC (0.90%), Gator Capital Management LLC (0.22%), Rhumbline Advisers (0.10%) and Los Angeles Capital Management LLC (0.09%). Insiders that own company stock include David D Dallas, Donald E Jr Souders, Donald E Jr Souders, 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.
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 $28.10.

How much money does Unity Bancorp make?

Unity Bancorp (NASDAQ:UNTY) has a market capitalization of $294.91 million and generates $96.83 million in revenue each year. The financial services provider earns $36.12 million in net income (profit) each year or $3.55 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 8/12/2022 by MarketBeat.com Staff

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