NASDAQ:UNTY Unity Bancorp - UNTY Stock Forecast, Price & News 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. $22.81 +0.38 (+1.69%) (As of 03/31/2023 12:00 AM ET) Add Compare Share Share Today's Range$22.41▼$22.9050-Day Range$22.33▼$27.4652-Week Range$21.70▼$30.00Volume23,225 shsAverage Volume39,807 shsMarket Capitalization$241.10 millionP/E Ratio6.35Dividend Yield2.10%Price Target$32.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Unity Bancorp MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside42.5% Upside$32.50 Price TargetShort InterestHealthy0.45% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.29Based on 3 Articles This WeekInsider TradingSelling Shares$928,355 Sold Last QuarterProj. Earnings Growth3.92%From $3.83 to $3.98 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.2.86 out of 5 starsFinance Sector138th out of 890 stocksState Commercial Banks Industry40th out of 188 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 $32.50, Unity Bancorp has a forecasted upside of 42.5% from its current price of $22.81.Amount of Analyst CoverageUnity Bancorp has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.45% 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 1.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Unity Bancorp has recently increased by 22.11%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldUnity Bancorp pays a meaningful dividend of 2.09%, 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 13.37%. 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 12.06% 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 1.8 News and Social Media Coverage News SentimentUnity Bancorp has a news sentiment score of 0.29. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.59 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Unity Bancorp this week, compared to 1 article on an average week. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Unity Bancorp insiders have sold 1,277.91% more of their company's stock than they have bought. Specifically, they have bought $67,374.00 in company stock and sold $928,355.00 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 1.9 Earnings and Valuation Earnings GrowthEarnings for Unity Bancorp are expected to grow by 3.92% in the coming year, from $3.83 to $3.98 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Unity Bancorp is 6.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.45.Price to Earnings Ratio vs. SectorThe P/E ratio of Unity Bancorp is 6.35, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 140.44.Price to Book Value per Share RatioUnity Bancorp has a P/B Ratio of 1.01. P/B Ratios below 3 indicates that a company is reasonably valued 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 HeadlinesMarch 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 AnalysisApril 1, 2023 | Behind the Markets (Ad)Buy THIS stock before Taiwan is attacked... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.March 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 YearFebruary 16, 2023 | finance.yahoo.comUnity Bancorp Announces 9% Increase in First Quarter DividendFebruary 7, 2023 | nasdaq.comBanc Funds Co Increases Position in Unity Bancorp (UNTY)April 1, 2023 | Legacy Research (Affiliate) (Ad)Sell every Stock except ONE Markets are down...But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month...February 6, 2023 | finance.yahoo.comUnity Bank Opens Fort Lee Branch, Enhancing Bergen County Financial ServicesJanuary 16, 2023 | finance.yahoo.comUnity Bancorp Full Year 2022 Earnings: EPS: US$3.66 (vs US$3.47 in FY 2021)January 13, 2023 | apnews.comUnity Bancorp ReportsQuarterly Earnings of $10.0 Million and Full Year Earnings of $38.5 MillionJanuary 13, 2023 | finance.yahoo.comUnity Bancorp Reports Quarterly Earnings of $10.0 Million and Full Year Earnings of $38.5 MillionJanuary 13, 2023 | finance.yahoo.comUnity Bancorp Reports Quarterly Earnings of $10.0 Million and Full Year Earnings of $38.5 MillionJanuary 6, 2023 | finance.yahoo.comHere's Why We Think Unity Bancorp (NASDAQ:UNTY) Might Deserve Your Attention TodayDecember 15, 2022 | finance.yahoo.comDown 5.9% in 4 Weeks, Here's Why Unity Bancorp (UNTY) Looks Ripe for a TurnaroundDecember 10, 2022 | finance.yahoo.comThere's A Lot To Like About Unity Bancorp's (NASDAQ:UNTY) Upcoming US$0.11 DividendDecember 6, 2022 | finance.yahoo.comUnity Bank Opens Lakewood Branch, Plans New Fort Lee BranchDecember 1, 2022 | msn.comMacron: US risks unity of WestNovember 22, 2022 | finance.yahoo.comUnity Bancorp (NASDAQ:UNTY) Has Affirmed Its Dividend Of $0.11November 18, 2022 | fool.com1 Green Flag and 1 Red Flag for Unity SoftwareNovember 3, 2022 | benzinga.comUnity Bancorp Insider Trades Send a SignalOctober 15, 2022 | finanznachrichten.deUnity Bancorp, Inc.: Unity Bancorp Reports Quarterly Earnings of $9.9 MillionOctober 14, 2022 | markets.businessinsider.comUnity Bancorp Q3 Profit RisesOctober 14, 2022 | msn.comRecap: Unity Bancorp Q3 EarningsOctober 14, 2022 | finance.yahoo.comUnity Bancorp Reports Quarterly Earnings of $9.9 MillionOctober 6, 2022 | msn.comUnity Bank introduces special FD scheme with lucrative interest rate; details hereSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Company Calendar Last Earnings1/13/2023Ex-Dividend for 3/24 Dividend3/09/2023Dividend Payable3/24/2023Today3/31/2023Next Earnings (Estimated)4/13/2023Fiscal 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$32.50 High Stock Price Forecast$33.00 Low Stock Price Forecast$32.00 Forecasted Upside/Downside+42.5%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$3.59 Trailing P/E Ratio6.35 Forward P/E Ratio5.96 P/E GrowthN/ANet Income$38.46 million Net Margins35.35% Pretax Margin47.27% Return on Equity16.99% Return on Assets1.72% Debt Debt-to-Equity Ratio1.64 Current Ratio1.22 Quick Ratio1.22 Sales & Book Value Annual Sales$108.78 million Price / Sales2.22 Cash Flow$3.89 per share Price / Cash Flow5.87 Book Value$22.69 per share Price / Book1.01Miscellaneous Outstanding Shares10,570,000Free Float7,154,000Market Cap$241.10 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 CompetitorsPrimis FinancialNASDAQ:FRSTNorwood FinancialNASDAQ:NWFLCentral Valley Community BancorpNASDAQ:CVCYMiddlefield BancNASDAQ:MBCNFirst Business Financial ServicesNASDAQ:FBIZView All CompetitorsInsiders & InstitutionsMetLife Investment Management LLCBought 3,743 shares on 3/23/2023Ownership: 0.035%Wayne CourtrightSold 3,940 sharesTotal: $96,530.00 ($24.50/share)George BoyanBought 2,150 shares on 3/9/2023Total: $54,373.50 ($25.29/share)Alliancebernstein L.P.Bought 2,534 shares on 2/16/2023Ownership: 2.755%Millennium Management LLCSold 14,933 shares on 2/15/2023Ownership: 0.183%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 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" UNTY shares. View UNTY analyst ratings or view top-rated stocks. What is Unity Bancorp's stock price forecast for 2023? 2 equities research analysts 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 anticipate the company's stock price to reach $32.50 in the next twelve months. This suggests a possible upside of 42.5% 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 the year. Since then, UNTY stock has decreased by 16.5% and is now trading at $22.81. View the best growth stocks for 2023 here. Are investors shorting Unity Bancorp? Unity Bancorp saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 34,800 shares, an increase of 22.1% from the February 28th total of 28,500 shares. Based on an average daily volume of 26,300 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.5% of the shares of the company are sold short. 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 Thursday, April 13th 2023. View our UNTY earnings forecast. How were Unity Bancorp's earnings last quarter? Unity Bancorp, Inc. (NASDAQ:UNTY) released its quarterly earnings results on Friday, January, 13th. The financial services provider reported $0.93 EPS for the quarter, missing analysts' consensus estimates of $1.00 by $0.07. The financial services provider earned $26.66 million during the quarter, compared to analysts' expectations of $25.60 million. Unity Bancorp had a net margin of 35.35% and a trailing twelve-month return on equity of 16.99%. How often does Unity Bancorp pay dividends? What is the dividend yield for Unity Bancorp? Unity Bancorp declared a quarterly dividend on Thursday, February 16th. Shareholders of record on Friday, March 10th will be given a dividend of $0.12 per share on Friday, March 24th. This represents a $0.48 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Thursday, March 9th. This is a positive change from the stock's previous quarterly dividend of $0.11. 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) and 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 2.09%. 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 13.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UNTY will have a dividend payout ratio of 12.06% 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 Banc Funds Co. LLC (9.01%), Dimensional Fund Advisors LP (3.89%), Alliancebernstein L.P. (2.76%), Pacific Ridge Capital Partners LLC (2.12%), Geode Capital Management LLC (1.09%) and River Oaks Capital LLC (0.91%). 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, 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 $22.81. How much money does Unity Bancorp make? Unity Bancorp (NASDAQ:UNTY) has a market capitalization of $241.10 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. 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 4/1/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free 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 from 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. 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