NASDAQ:UNTY - Unity Bancorp Stock Price, Forecast & News

Unity Bancorp's stock was trading at $16.51 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, UNTY shares have decreased by 31.6% and is now trading at $11.29. View which stocks have been mosted impacted by Coronavirus.

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.

Unity Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, April 16th 2020. View our earnings forecast for Unity Bancorp.

Unity Bancorp, Inc. (NASDAQ:UNTY) released its quarterly earnings data on Tuesday, January, 21st. The financial services provider reported $0.55 EPS for the quarter, beating the Zacks' consensus estimate of $0.53 by $0.02. The financial services provider had revenue of $17.16 million for the quarter, compared to analysts' expectations of $16.90 million. Unity Bancorp had a net margin of 27.77% and a return on equity of 15.54%. View Unity Bancorp's earnings history.

Unity Bancorp declared a quarterly dividend on Thursday, February 27th. Shareholders of record on Friday, March 13th will be given a dividend of $0.08 per share on Friday, March 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Thursday, March 12th. View Unity Bancorp's dividend history.

2 brokerages have issued 1 year target prices for Unity Bancorp's stock. Their forecasts range from $20.00 to $24.00. On average, they expect Unity Bancorp's stock price to reach $22.00 in the next year. This suggests a possible upside of 94.9% from the stock's current price. View analysts' price targets for Unity Bancorp.

News coverage about UNTY stock has been trending somewhat positive this week, according to InfoTrie Sentiment. The research group rates the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Unity Bancorp earned a daily sentiment score of 1.2 on InfoTrie's scale. They also assigned news stories 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 effect on the company's share price in the near term. View the latest news aboutUnity Bancorp.

Some companies that are related to Unity Bancorp include Live Oak Bancshares (LOB), Old Line Bancshares, Inc. (MD) (OLBK), Origin Bancorp (OBNK), Heritage Commerce (HTBK), First Foundation (FFWM), Peoples Bancorp (PEBO), QCR (QCRH), HarborOne Bancorp (HONE), First Financial (THFF), Univest Financial (UVSP), Horizon Bancorp (HBNC), Merchants Bancorp (MBIN), Midland States Bancorp (MSBI), Bank of Marin Bancorp (BMRC) and Central Pacific Financial (CPF).

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), First of Long Island (FLIC), Gilead Sciences (GILD), Walgreens Boots Alliance (WBA), AbbVie (ABBV) and Preferred Apartment Communities (APTS).

Unity Bancorp trades on the NASDAQ under the ticker symbol "UNTY."

Unity Bancorp's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Royce & Associates LP (4.75%), Kennedy Capital Management Inc. (3.44%), EJF Capital LLC (2.76%), State Street Corp (1.22%), Geode Capital Management LLC (1.02%) and Cadence Capital Management LLC (0.55%). Company insiders that own Unity Bancorp stock include Alan J Bedner, James A Hughes, John J Kauchak, Stephen Rooney and Wayne Courtright. View institutional ownership trends for Unity Bancorp.

UNTY stock was sold by a variety of institutional investors in the last quarter, including EJF Capital LLC, California Public Employees Retirement System, and Wedge Capital Management L L P NC. Company insiders that have sold Unity Bancorp company stock in the last year include Alan J Bedner, John J Kauchak, and Stephen Rooney. View insider buying and selling activity for Unity Bancorp.

UNTY stock was purchased by a variety of institutional investors in the last quarter, including Kennedy Capital Management Inc., Cadence Capital Management LLC, Royce & Associates LP, Renaissance Technologies LLC, State Street Corp, Barclays PLC, UBS Group AG, and Acadian Asset Management LLC. View insider buying and selling activity for 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.

One share of UNTY stock can currently be purchased for approximately $11.29.

Unity Bancorp has a market capitalization of $122.95 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. View additional information about Unity Bancorp.

The official website for Unity Bancorp is http://www.unitybank.com/.

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]