Unity Bancorp - UNTY Stock Forecast, Price & News

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.

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.

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.
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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.

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

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%.

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.

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) and 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 2.09%. 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.

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 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.
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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 $22.81.

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.

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.