NASDAQ:UNTYUnity Bancorp Stock Price, Forecast & 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 $14.31 -0.71 (-4.73 %) (As of 05/29/2020 04:00 PM ET) Add Compare Share Today's Range$14.22Now: $14.31▼$15.0050-Day Range$10.49MA: $13.59▼$15.8152-Week Range$8.76Now: $14.31▼$24.70Volume5,857 shsAverage Volume30,426 shsMarket Capitalization$155.69 millionP/E Ratio6.78Dividend Yield2.13%Beta1.31 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsSocial 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 potential upside of 43.3% from its current price of $14.31.Amount of Analyst CoverageUnity Bancorp has only been the subject of 2 research reports in the past 90 days. Previous Next 2.5 Community Rank Outperform VotesUnity Bancorp has received 137 “outperform” votes. (Add your “outperform” vote.)Underperform VotesUnity Bancorp has received 133 “underperform” votes. (Add your “underperform” vote.)Community SentimentUnity Bancorp has received 50.74% “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 4.2 Dividend Strength Dividend LeadershipUnity Bancorp is a leading dividend payer. It pays a dividend yield of 2.13%, putting its dividend yield in the top 25% of dividend-paying stocks.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 16.16 % next year. This indicates that Unity Bancorp will be able to sustain or increase its dividend. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Unity Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $741,063.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 30.12% of the stock of Unity Bancorp is held by insiders.Percentage Held by Institutions44.07% 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 11.24% in the coming year, from $1.78 to $1.98 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Unity Bancorp is 6.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.15.Price to Earnings Ratio vs. SectorThe P/E ratio of Unity Bancorp is 6.78, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 13.37.Price to Book Value per Share RatioUnity Bancorp has a P/B Ratio of 0.95. 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: 4.2Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -Overall Beat the Market Rank™3.33 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 Ratio1.09 Current Ratio1.15 Quick Ratio1.15Price-To-Earnings Trailing P/E Ratio6.78 Forward P/E Ratio8.04 P/E GrowthN/A Sales & Book Value Annual Sales$85.19 million Price / Sales1.83 Cash Flow$2.23 per share Price / Cash Flow6.41 Book Value$15.10 per share Price / Book0.95Profitability EPS (Most Recent Fiscal Year)$2.14 Net Income$23.65 million Net Margins26.82% Return on Equity14.80% Return on Assets1.38%Miscellaneous Employees190 Outstanding Shares10,880,000Market Cap$155.69 million Next Earnings Date7/16/2020 (Estimated) OptionableNot Optionable NASDAQ:UNTY Rates by TradingView 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 COVID-19 (Coronavirus)? Unity Bancorp's stock was trading at $16.51 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, UNTY stock has decreased by 13.3% and is now trading at $14.31. View which stocks have been most impacted by Coronavirus. 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, July 16th 2020. View our earnings forecast for Unity Bancorp. How were Unity Bancorp's earnings last quarter? Unity Bancorp, Inc. (NASDAQ:UNTY) posted its earnings results on Friday, April, 17th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.48 by $0.01. The financial services provider earned $17.79 million during the quarter, compared to analyst estimates of $17.10 million. Unity Bancorp had a return on equity of 14.80% and a net margin of 26.82%. 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 Thursday, April 23rd. Investors of record on Friday, June 12th will be paid a dividend of $0.08 per share on Friday, June 26th. This represents a $0.32 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Thursday, June 11th. View Unity Bancorp's dividend history. What price target have analysts set for UNTY? 2 Wall Street analysts have issued 1 year target prices for Unity Bancorp's shares. Their forecasts range from $20.00 to $21.00. On average, they anticipate Unity Bancorp's stock price to reach $20.50 in the next year. This suggests a possible upside of 43.3% from the stock's current price. View analysts' price targets for Unity Bancorp. Has Unity Bancorp been receiving favorable news coverage? Headlines about UNTY stock have been trending somewhat positive on Saturday, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Unity Bancorp earned a news sentiment score of 2.0 on InfoTrie's scale. They also assigned media headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news aboutUnity Bancorp. Who are some of Unity Bancorp's key competitors? Some companies that are related to Unity Bancorp include First National Bank Alaska (FBAK), TrustCo Bank Corp NY (TRST), OFG Bancorp (OFG), Triumph Bancorp (TBK), Boston Private Financial (BPFH), Community Trust Bancorp (CTBI), ConnectOne Bancorp (CNOB), Great Southern Bancorp (GSBC), Preferred Bank (PFBC), Bryn Mawr Bank (BMTC), Lakeland Bancorp (LBAI), Washington Trust Bancorp (WASH), Live Oak Bancshares (LOB), HomeStreet (HMST) and Luther Burbank (LBC). 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 & Co (WFC), AbbVie (ABBV), Preferred Apartment Communities (APTS), Delta Air Lines (DAL) and Enbridge (ENB). 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 variety of retail and institutional investors. Top institutional investors include Banc Funds Co. LLC (7.65%), BlackRock Inc. (3.85%), Wellington Management Group LLP (3.66%), Alliancebernstein L.P. (2.18%), State Street Corp (1.17%) and Geode Capital Management LLC (1.08%). 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, Morgan Stanley, State Street Corp, UBS Group AG, Cadence Capital Management LLC, and Nuveen Asset Management LLC. View insider buying and selling activity for Unity Bancorp. Which institutional investors are buying Unity Bancorp stock? UNTY stock was acquired by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Alliancebernstein L.P., Elizabeth Park Capital Advisors Ltd., Geode Capital Management LLC, Advisor Group Holdings Inc., Rhumbline Advisers, JPMorgan Chase & Co., and BlackRock Inc.. 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 $14.31. How big of a company is Unity Bancorp? Unity Bancorp has a market capitalization of $155.69 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 5/30/2020 by MarketBeat.com Staff
