NASDAQ:UNTY

Unity Bancorp Stock Forecast, Price & News

$13.55

+0.35 (+2.65 %)

(As of 10/20/2020 12:00 AM ET)

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Today's Range

$13.18

Now: $13.55▼

$13.56

50-Day Range

$10.91

MA: $12.50▼

$13.83

52-Week Range

$8.76

Now: $13.55▼

$24.15

Volume3,543 shs

Average Volume18,779 shs

Market Capitalization$144.70 million

P/E Ratio6.61

Dividend Yield2.42%

Beta1.28

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.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
Unity 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/Downside
According to analysts' consensus price target of $20.50, Unity Bancorp has a forecasted upside of 51.3% from its current price of $13.55.
Amount of Analyst Coverage
Unity Bancorp has only been the subject of 1 research reports in the past 90 days.

2.5 Community Rank

Outperform Votes
Unity Bancorp has received 139 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Unity Bancorp has received 137 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Unity Bancorp has received 50.36% “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.

3.3 Dividend Strength

Dividend Yield
Unity Bancorp pays a meaningful dividend of 2.42%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Unity Bancorp has been increasing its dividend for 6 years.
Dividend Coverage
The dividend payout ratio of Unity Bancorp is 14.95%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Unity Bancorp will have a dividend payout ratio of 15.84% next year. This indicates that Unity Bancorp will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Unity Bancorp insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 30.12% of the stock of Unity Bancorp is held by insiders.
Percentage Held by Institutions
49.59% of the stock of Unity Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Unity Bancorp are expected to grow by 6.32% in the coming year, from $1.90 to $2.02 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Unity Bancorp is 6.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 19.68.
Price to Earnings Ratio vs. Sector
The P/E ratio of Unity Bancorp is 6.61, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.29.
Price to Book Value per Share Ratio
Unity Bancorp has a P/B Ratio of 0.92. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.57 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

Phone908-730-7630

Employees190

Debt

Debt-to-Equity Ratio1.40

Current Ratio1.18

Quick Ratio1.18

Price-To-Earnings

Trailing P/E Ratio6.61

Forward P/E Ratio7.13

P/E GrowthN/A

Sales & Book Value

Annual Sales$85.19 million

Price / Sales1.70

Cash Flow$2.62 per share

Price / Cash Flow5.18

Book Value$14.78 per share

Price / Book0.92

Profitability

EPS (Most Recent Fiscal Year)$2.14

Net Income$23.65 million

Net Margins25.79%

Return on Equity13.99%

Return on Assets1.29%

Miscellaneous

Outstanding Shares10,679,000

Market Cap$144.70 million

Next Earnings Date10/22/2020 (Estimated)

OptionableNot Optionable

$13.55

+0.35 (+2.65 %)

(As of 10/20/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Unity Bancorp (NASDAQ:UNTY) Frequently Asked Questions

How has Unity Bancorp's stock price been impacted by COVID-19 (Coronavirus)?

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 17.9% and is now trading at $13.55.
View which stocks have been most impacted by COVID-19.

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, October 22nd 2020.
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 Thursday, July, 23rd. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.36 by $0.11. The financial services provider had revenue of $18.34 million for the quarter, compared to analysts' expectations of $17.60 million. Unity Bancorp had a return on equity of 13.99% and a net margin of 25.79%.
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 Tuesday, September 1st. Investors of record on Friday, September 11th will be paid a dividend of $0.08 per share on Friday, September 25th. This represents a $0.32 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Thursday, September 10th.
View Unity Bancorp's dividend history.

What price target have analysts set for UNTY?

2 equities research analysts have issued 12-month target prices for Unity Bancorp's shares. Their forecasts range from $20.00 to $21.00. On average, they expect Unity Bancorp's share price to reach $20.50 in the next twelve months. This suggests a possible upside of 51.3% from the stock's current price.
View analysts' price targets for Unity Bancorp.

Who are some of Unity Bancorp's key competitors?

Some companies that are related to Unity Bancorp include Great Southern Bancorp (GSBC), Community Trust Bancorp (CTBI), Origin Bancorp (OBNK), Allegiance Bancshares (ABTX), Bryn Mawr Bank (BMTC), Lakeland Bancorp (LBAI), Boston Private Financial (BPFH), TrustCo Bank Corp NY (TRST), HarborOne Bancorp (HONE), Horizon Bancorp (HBNC), Preferred Bank (PFBC), Byline Bancorp (BY), Luther Burbank (LBC), Old Line Bancshares, Inc. (MD) (OLBK) and CrossFirst Bankshares (CFB).
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 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).

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."

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 $13.55.

How big of a company is Unity Bancorp?

Unity Bancorp has a market capitalization of $144.70 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 10/20/2020 by MarketBeat.com Staff

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