NASDAQ:UNTY

Unity Bancorp Stock Forecast, Price & News

$22.35
-0.40 (-1.76 %)
(As of 06/17/2021 12:00 AM ET)
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Today's Range
$22.31
$23.67
50-Day Range
$20.57
$24.38
52-Week Range
$10.56
$24.83
Volume39,016 shs
Average Volume29,996 shs
Market Capitalization$232.82 million
P/E Ratio8.94
Dividend Yield1.58%
Beta1.36
30 days | 90 days | 365 days | Advanced Chart
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Unity Bancorp logo

About Unity Bancorp

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 consumer construction lines, as well as personal loans. As of December 31, 2020, 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 headquartered in Clinton, New Jersey.

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MarketRank

Overall MarketRank

1.42 out of 5 stars

Finance Sector

758th out of 1,974 stocks

State Commercial Banks Industry

153rd out of 312 stocks

Analyst Opinion: 0.0Community Rank: 2.5Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
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Unity Bancorp (NASDAQ:UNTY) Frequently Asked Questions

Is Unity Bancorp a buy right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Unity Bancorp in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Unity Bancorp stock.
View analyst ratings for Unity Bancorp
or view top-rated stocks.

What stocks does MarketBeat like better than Unity Bancorp?

Wall Street analysts have given Unity Bancorp a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Unity Bancorp wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Unity Bancorp?

Unity Bancorp saw a increase in short interest in May. As of May 14th, there was short interest totaling 170,300 shares, an increase of 33.5% from the April 29th total of 127,600 shares. Based on an average daily trading volume, of 34,100 shares, the days-to-cover ratio is currently 5.0 days. Currently, 2.3% of the shares of the company are short sold.
View Unity Bancorp's Short Interest
.

When is Unity Bancorp's next earnings date?

Unity Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, July 22nd 2021.
View our earnings forecast for Unity Bancorp
.

How were Unity Bancorp's earnings last quarter?

Unity Bancorp, Inc. (NASDAQ:UNTY) issued its quarterly earnings data on Sunday, April, 18th. The financial services provider reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.07. The financial services provider had revenue of $21.74 million for the quarter, compared to the consensus estimate of $21.80 million. Unity Bancorp had a net margin of 28.42% and a trailing twelve-month return on equity of 15.47%.
View Unity Bancorp's earnings history
.

How has Unity Bancorp's stock price 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 (WHO). Since then, UNTY stock has increased by 35.4% and is now trading at $22.35.
View which stocks have been most impacted by COVID-19
.

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

Unity Bancorp declared a quarterly dividend on Thursday, May 27th. Investors of record on Friday, June 11th will be given a dividend of $0.09 per share on Friday, June 25th. This represents a $0.36 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Thursday, June 10th. This is a positive change from Unity Bancorp's previous quarterly dividend of $0.08.
View Unity Bancorp's dividend history
.

Is Unity Bancorp a good dividend stock?

Unity Bancorp pays an annual dividend of $0.36 per share and currently has a dividend yield of 1.58%. Unity Bancorp does not yet have a strong track record of dividend growth. The dividend payout ratio of Unity Bancorp is 16.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Unity Bancorp will have a dividend payout ratio of 13.38% next year. This indicates that Unity Bancorp will be able to sustain or increase its dividend.
View Unity Bancorp's dividend history.

Who are Unity Bancorp's key executives?

Unity Bancorp's management team includes the following people:
  • Mr. David D. Dallas, Founder & Chairman (Age 66)
  • Mr. James A. Hughes, Pres, CEO & Director (Age 62, Pay $1.3M)
  • Mr. Robert H. Dallas II, Founder & Director (Age 74)
  • Mr. John J. Kauchak, Exec. VP & COO (Age 68, Pay $379.49k)
  • Ms. Laureen S. Cook, Sr. VP & Chief Accounting Officer (Age 52, Pay $210.44k)
  • Ms. Janice Bolomey, Chief Admin. Officer, Exec. VP & Director of Sales (Age 53, Pay $376.55k)
  • Vincent Geraci, First Sr. VP & Director of Mortgage Lending
  • Mr. George Allen Boyan III, J.D., Chief Financial Officer
  • David Bove, Sr. VP & CTO
  • Christopher Fenimore, First VP & Chief Compliance Officer

Who are some of Unity Bancorp's key 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 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 number of institutional and retail investors. Top institutional investors include Banc Funds Co. LLC (7.54%), BlackRock Inc. (4.49%), Dimensional Fund Advisors LP (3.51%), Kennedy Capital Management Inc. (3.39%), Alliancebernstein L.P. (2.22%) and Royce & Associates LP (1.18%). Company insiders that own Unity Bancorp stock include David D Dallas, Janice Bolomey, John J Kauchak, Laureen Cook, Mark S Brody, Mary E Gross, Robert H Dallas II and Vincent Geraci.
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 Royce & Associates LP, Geode Capital Management LLC, Alliancebernstein L.P., Northern Trust Corp, Kennedy Capital Management Inc., Morgan Stanley, Wedge Capital Management L L P NC, and Nuveen Asset Management LLC. Company insiders that have sold Unity Bancorp company stock in the last year include Janice Bolomey, John J Kauchak, Laureen Cook, Mark S Brody, Mary E Gross, and Vincent Geraci.
View insider buying and selling activity for Unity Bancorp
or view top insider-selling stocks.

Which institutional investors are buying Unity Bancorp stock?

UNTY stock was bought by a variety of institutional investors in the last quarter, including Banc Funds Co. LLC, Fourthstone LLC, Pacific Ridge Capital Partners LLC, Renaissance Technologies LLC, BlackRock Inc., Los Angeles Capital Management LLC, Acadian Asset Management LLC, and JPMorgan Chase & Co.. Company insiders that have bought Unity Bancorp stock in the last two years include David D Dallas, Mark S Brody, and Robert H Dallas II.
View insider buying and selling activity for Unity Bancorp
or or view top insider-buying stocks.

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 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 $22.35.

How much money does Unity Bancorp make?

Unity Bancorp has a market capitalization of $232.82 million and generates $91.86 million in revenue each year. The financial services provider earns $23.64 million in net income (profit) each year or $2.19 on an earnings per share basis.

How many employees does Unity Bancorp have?

Unity Bancorp employs 209 workers across the globe.

What is Unity Bancorp's official website?

The official website for Unity Bancorp is www.unitybank.com.

Where are Unity Bancorp's headquarters?

Unity Bancorp is headquartered at 64 OLD HIGHWAY 22, CLINTON NJ, 08809.

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 6/18/2021 by MarketBeat.com Staff
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