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S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
Mullen Automotive Makes Deliveries; Short-Squeeze Possible
Stocks are for suckers – try this instead (Ad)
Schwab’s Drop This Week Could Be The Opening Of The Year (Again)
What is a Gold IRA, and is it a Viable Investment?
BREAKING: Tiny biotech successfully treats blindness (Ad)
Closing prices for crude oil, gold and other commodities
Walmart Shares Jump on Evercore Analyst Upgrade 
The "King Of Quants" sees 10X potential... (Ad)
Is Braze, Inc Ready To Rocket Higher? 
Can Frontline Maintain This Momentum?
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
Mullen Automotive Makes Deliveries; Short-Squeeze Possible
Stocks are for suckers – try this instead (Ad)
Schwab’s Drop This Week Could Be The Opening Of The Year (Again)
What is a Gold IRA, and is it a Viable Investment?
BREAKING: Tiny biotech successfully treats blindness (Ad)
Closing prices for crude oil, gold and other commodities
Walmart Shares Jump on Evercore Analyst Upgrade 
The "King Of Quants" sees 10X potential... (Ad)
Is Braze, Inc Ready To Rocket Higher? 
Can Frontline Maintain This Momentum?
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
Mullen Automotive Makes Deliveries; Short-Squeeze Possible
Stocks are for suckers – try this instead (Ad)
Schwab’s Drop This Week Could Be The Opening Of The Year (Again)
What is a Gold IRA, and is it a Viable Investment?
BREAKING: Tiny biotech successfully treats blindness (Ad)
Closing prices for crude oil, gold and other commodities
Walmart Shares Jump on Evercore Analyst Upgrade 
The "King Of Quants" sees 10X potential... (Ad)
Is Braze, Inc Ready To Rocket Higher? 
Can Frontline Maintain This Momentum?
NASDAQ:UNTY

Unity Bancorp - UNTY Stock Forecast, Price & News

$22.81
+0.38 (+1.69%)
(As of 03/31/2023 12:00 AM ET)
Add
Compare
Today's Range
$22.41
$22.90
50-Day Range
$22.33
$27.46
52-Week Range
$21.70
$30.00
Volume
23,225 shs
Average Volume
39,807 shs
Market Capitalization
$241.10 million
P/E Ratio
6.35
Dividend Yield
2.10%
Price Target
$32.50

Unity Bancorp MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
42.5% Upside
$32.50 Price Target
Short Interest
Healthy
0.45% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.29mentions of Unity Bancorp in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$928,355 Sold Last Quarter
Proj. Earnings Growth
3.92%
From $3.83 to $3.98 Per Share

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 stars

Finance Sector

138th out of 890 stocks

State Commercial Banks Industry

40th out of 188 stocks


UNTY stock logo

About Unity Bancorp (NASDAQ:UNTY) Stock

Unity 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.

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UNTY Stock News Headlines

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.
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...
Macron: US risks unity of West
Unity Bancorp Insider Trades Send a Signal
Unity Bancorp Q3 Profit Rises
Recap: Unity Bancorp Q3 Earnings
Unity Bancorp Reports Quarterly Earnings of $9.9 Million
See More Headlines
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UNTY Company Calendar

Last Earnings
1/13/2023
Ex-Dividend for 3/24 Dividend
3/09/2023
Dividend Payable
3/24/2023
Today
3/31/2023
Next Earnings (Estimated)
4/13/2023
Fiscal Year End
12/31/2023

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
$32.50
High Stock Price Forecast
$33.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+42.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$38.46 million
Pretax Margin
47.27%

Debt

Sales & Book Value

Annual Sales
$108.78 million
Cash Flow
$3.89 per share
Book Value
$22.69 per share

Miscellaneous

Free Float
7,154,000
Market Cap
$241.10 million
Optionable
Not Optionable
Beta
1.00

Key Executives

  • James A. Hughes
    President, Chief Executive Officer & Director
  • John J. KauchakJohn J. Kauchak
    Chief Operating Officer & Executive Vice President
  • George Boyan
    Chief Financial Officer & Executive Vice President
  • Janice BolomeyJanice Bolomey
    Chief Administrative Officer, Sales Director & EVP
  • Ryan Peene
    Chief Depository Officer & Senior Vice President













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?
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