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S&P 500   4,282.37
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MarketBeat Week in Review – 5/29 - 6/2
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Tragedy that left 5 dead or missing puts spotlight on safety in Alaska charter fishing industry
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Tragedy that left 5 dead or missing puts spotlight on safety in Alaska charter fishing industry
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Tragedy that left 5 dead or missing puts spotlight on safety in Alaska charter fishing industry
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
NASDAQ:UNTY

Unity Bancorp (UNTY) Stock Forecast, Price & News

$23.39
+0.63 (+2.77%)
(As of 06/2/2023 ET)
Compare
Today's Range
$22.80
$23.44
50-Day Range
$20.64
$23.43
52-Week Range
$20.01
$29.88
Volume
23,950 shs
Average Volume
17,930 shs
Market Capitalization
$235.54 million
P/E Ratio
6.32
Dividend Yield
2.05%
Price Target
$31.75

Unity Bancorp MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
35.7% Upside
$31.75 Price Target
Short Interest
Healthy
1.17% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$508,774 Bought Last Quarter
Proj. Earnings Growth
5.59%
From $3.58 to $3.78 Per Share

Overall MarketRank

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

2.91 out of 5 stars

Finance Sector

151st out of 873 stocks

State Commercial Banks Industry

51st out of 181 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

Unity Bank Opening First Branch in Morris County
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Unity Bancorp (NASDAQ:UNTY) Now Covered by StockNews.com
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8-K: UNITY BANCORP INC /NJ/
Unity Bancorp, Inc. (NASDAQ:UNTY) Short Interest Update
Piper Sandler Keeps Their Buy Rating on Unity Bancorp (UNTY)
Unity Bancorp (UNTY) Set to Announce Earnings on Wednesday
See More Headlines

UNTY Price History

UNTY Company Calendar

Ex-Dividend for 3/24 Dividend
3/09/2023
Dividend Payable
3/24/2023
Last Earnings
4/17/2023
Today
6/03/2023
Ex-Dividend for 6/23 Dividend
6/08/2023
Dividend Payable
6/23/2023
Next Earnings (Estimated)
7/13/2023
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
$31.75
High Stock Price Forecast
$32.00
Low Stock Price Forecast
$31.50
Forecasted Upside/Downside
+35.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$38.46 million
Pretax Margin
44.35%

Debt

Sales & Book Value

Annual Sales
$108.78 million
Cash Flow
$4.02 per share
Book Value
$23.88 per share

Miscellaneous

Free Float
6,812,000
Market Cap
$235.54 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 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.

What is Unity Bancorp's stock price forecast for 2023?

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.

How have UNTY shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

When is Unity Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 13th 2023.
View our UNTY earnings forecast
.

How were Unity Bancorp's earnings last quarter?

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%.

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

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
.

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 2.11%. 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.

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 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
.

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 $23.39.

How much money does Unity Bancorp make?

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.

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 6/3/2023 by MarketBeat.com Staff

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