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NASDAQ:UNTY

Unity Bancorp - UNTY Stock Forecast, Price & News

$25.13
-0.30 (-1.18%)
(As of 09/30/2022 03:52 PM ET)
Add
Compare
Today's Range
$25.13
$25.75
50-Day Range
$25.07
$29.66
52-Week Range
$23.00
$31.37
Volume
1,039 shs
Average Volume
19,175 shs
Market Capitalization
$264.12 million
P/E Ratio
7.08
Dividend Yield
1.73%
Price Target
$33.00

Unity Bancorp MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
30.3% Upside
$33.00 Price Target
Short Interest
Healthy
1.32% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.09mentions of Unity Bancorp in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.23%
From $3.69 to $3.92 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.90 out of 5 stars

Finance Sector

188th out of 926 stocks

State Commercial Banks Industry

39th out of 196 stocks

UNTY stock logo

About Unity Bancorp (NASDAQ:UNTY) Stock

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 residential construction lines, as well as personal loans. 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 based in Clinton, New Jersey.

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UNTY Stock News Headlines

Unity Bancorp (UNTY) Misses Q2 Earnings Estimates
Best Momentum Stock to Buy for June 30th
Unity Bancorp Inc - Stock Quote UNTY
Unity Bancorp raises dividend by 10% to $0.11
Unity Bancorp, Inc. (UNTY)
Unity Bancorp declares $0.10 dividend
See More Headlines
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UNTY Company Calendar

Last Earnings
7/14/2022
Ex-Dividend for 9/23 Dividend
9/08/2022
Dividend Payable
9/23/2022
Today
9/30/2022
Next Earnings (Estimated)
10/21/2022
Fiscal Year End
12/31/2022

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
$33.00
High Stock Price Forecast
$33.00
Low Stock Price Forecast
$33.00
Forecasted Upside/Downside
+31.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$36.12 million
Pretax Margin
51.28%

Debt

Sales & Book Value

Annual Sales
$96.83 million
Cash Flow
$3.61 per share
Book Value
$19.83 per share

Miscellaneous

Free Float
7,109,000
Market Cap
$264.12 million
Optionable
Not Optionable
Beta
1.03

Key Executives

  • Mr. David D. Dallas (Age 67)
    Founder & Chairman
  • Mr. James A. Hughes (Age 63)
    Pres, CEO & Director
    Comp: $1.77M
  • Mr. Robert H. Dallas II (Age 75)
    Founder & Director
  • Mr. George Allen Boyan III (Age 40)
    J.D., Exec. VP & CFO
    Comp: $502.73k
  • Mr. John J. KauchakMr. John J. Kauchak (Age 69)
    Exec. VP & COO
    Comp: $394.42k
  • Ms. Janice  BolomeyMs. Janice Bolomey (Age 54)
    Chief Admin. Officer, Exec. VP & Director of Sales
    Comp: $390.25k
  • Mr. Vincent  GeraciMr. Vincent Geraci
    First Sr. VP & Director of Mortgage Lending
  • David Bove
    Sr. VP & CTO
  • Christopher Fenimore
    First VP & Chief Compliance Officer
  • Michelle Kirmser
    First VP & Gen. Counsel













UNTY Stock - Frequently Asked Questions

Should I buy or sell Unity Bancorp stock right now?

1 Wall Street equities 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 equities research 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 2022?

1 analysts have issued 12 month price objectives for Unity Bancorp's shares. Their UNTY share price forecasts range from $33.00 to $33.00. On average, they expect the company's share price to reach $33.00 in the next year. This suggests a possible upside of 29.8% 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 2022?

Unity Bancorp's stock was trading at $26.25 at the beginning of 2022. Since then, UNTY stock has decreased by 3.1% and is now trading at $25.43.
View the best growth stocks for 2022 here
.

When is Unity Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, October 21st 2022.
View our UNTY earnings forecast
.

How were Unity Bancorp's earnings last quarter?

Unity Bancorp, Inc. (NASDAQ:UNTY) issued its quarterly earnings data on Thursday, July, 14th. The financial services provider reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.89 by $0.01. The financial services provider earned $24.51 million during the quarter, compared to analysts' expectations of $23.79 million. Unity Bancorp had a trailing twelve-month return on equity of 18.01% and a net margin of 38.44%.

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

Unity Bancorp declared a quarterly dividend on Thursday, August 25th. Stockholders of record on Friday, September 9th will be paid a dividend of $0.11 per share on Friday, September 23rd. This represents a $0.44 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Thursday, September 8th.
Read our dividend analysis for UNTY
.

Is Unity Bancorp a good dividend stock?

Unity Bancorp (NASDAQ:UNTY) pays an annual dividend of $0.44 per share and currently has a dividend yield of 1.73%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 12.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UNTY will have a dividend payout ratio of 11.22% 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."

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 $25.43.

How much money does Unity Bancorp make?

Unity Bancorp (NASDAQ:UNTY) has a market capitalization of $267.27 million and generates $96.83 million in revenue each year. The financial services provider earns $36.12 million in net income (profit) each year or $3.55 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 9/30/2022 by MarketBeat.com Staff

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