Unity Bancorp (UNTY) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Unity Bancorp in the last twelve months. There are currently 2 buy ratings 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.

2 Wall Street research analysts have issued twelve-month price targets for Unity Bancorp's stock. Their UNTY share price forecasts range from $31.50 to $32.00. On average, they predict the company's share price to reach $31.75 in the next year. This suggests a possible upside of 35.7% from the stock's current price.
View analysts price targets for UNTY or view top-rated stocks among Wall Street analysts.

Unity Bancorp's stock was trading at $27.33 at the beginning of 2023. Since then, UNTY shares have decreased by 14.4% and is now trading at $23.39.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 13th 2023.
View our UNTY earnings forecast.

Unity Bancorp, Inc. (NASDAQ:UNTY) released its quarterly earnings data on Monday, April, 17th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.05. The financial services provider earned $34.77 million during the quarter, compared to analysts' expectations of $24.82 million. Unity Bancorp had a trailing twelve-month return on equity of 17.03% and a net margin of 32.98%.

Unity Bancorp declared a quarterly dividend on Thursday, April 27th. Investors of record on Friday, June 9th will be given a dividend of $0.12 per share on Friday, June 23rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, June 8th.
Read our dividend analysis for UNTY.

ETFs with the largest weight of Unity Bancorp (NASDAQ:UNTY) stock in their portfolio include AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), First Trust Dow Jones Select Microcap Index Fund (FDM), First Trust NASDAQ ABA Community Bank Index Fund (QABA),

Unity Bancorp (NASDAQ:UNTY) pays an annual dividend of $0.48 per share and currently has a dividend yield of 2.11%. 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 12.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UNTY will have a dividend payout ratio of 12.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for UNTY.

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).

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

Unity Bancorp's stock is owned by many different institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (4.05%), Wellington Management Group LLP (4.03%), BlackRock Inc. (3.64%), Fourthstone LLC (3.33%), Royce & Associates LP (2.09%) and FMR LLC (1.33%). 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, Mary E Gross, Stephen Rooney, Vincent Geraci and Wayne Courtright.
View institutional ownership trends.

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.
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One share of UNTY stock can currently be purchased for approximately $23.39.

Unity Bancorp (NASDAQ:UNTY) has a market capitalization of $235.54 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 $3.70 on an earnings per share basis.

The company employs 208 workers across the globe.

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.