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NASDAQ:UNTYUnity Bancorp Stock Price, Forecast & News

$10.49
+0.62 (+6.28 %)
(As of 04/9/2020 01:24 AM ET)
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Today's Range
$9.84
Now: $10.49
$10.50
50-Day Range
$9.87
MA: $15.02
$20.85
52-Week Range
$8.76
Now: $10.49
$24.70
Volume67,400 shs
Average Volume15,675 shs
Market Capitalization$114.19 million
P/E Ratio4.90
Dividend Yield3.24%
Beta1.24
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.5Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.73 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:UNTY
CUSIPN/A
Phone908-730-7630

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$85.19 million
Cash Flow$2.49 per share
Book Value$14.78 per share

Profitability

Net Income$23.65 million

Miscellaneous

Employees190
Market Cap$114.19 million
Next Earnings Date4/16/2020 (Estimated)
OptionableNot Optionable

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Unity Bancorp (NASDAQ:UNTY) Frequently Asked Questions

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

Unity Bancorp's stock was trading at $16.51 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, UNTY stock has decreased by 36.5% and is now trading at $10.49. View which stocks have been most impacted by Coronavirus.

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, April 16th 2020. View our earnings forecast for Unity Bancorp.

How were Unity Bancorp's earnings last quarter?

Unity Bancorp, Inc. (NASDAQ:UNTY) released its earnings results on Tuesday, January, 21st. The financial services provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. The financial services provider earned $17.16 million during the quarter, compared to analyst estimates of $16.90 million. Unity Bancorp had a return on equity of 15.54% and a net margin of 27.77%. View Unity Bancorp's earnings history.

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

Unity Bancorp announced a quarterly dividend on Thursday, February 27th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.08 per share on Friday, March 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Thursday, March 12th. View Unity Bancorp's dividend history.

What price target have analysts set for UNTY?

2 equities research analysts have issued 1-year target prices for Unity Bancorp's stock. Their forecasts range from $20.00 to $24.00. On average, they expect Unity Bancorp's share price to reach $22.00 in the next twelve months. This suggests a possible upside of 109.7% from the stock's current price. View analysts' price targets for Unity Bancorp.

Has Unity Bancorp been receiving favorable news coverage?

News headlines about UNTY stock have been trending very negative on Thursday, InfoTrie reports. The research firm rates the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Unity Bancorp earned a news impact score of -3.3 on InfoTrie's scale. They also gave headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutUnity Bancorp.

Who are some of Unity Bancorp's key 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 Metlife (MET), Realty Income (O), Royal Bank of Canada (RY), Southern (SO), Ventas (VTR), First of Long Island (FLIC), Gilead Sciences (GILD), Walgreens Boots Alliance (WBA), AbbVie (ABBV) and Preferred Apartment Communities (APTS).

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 $10.49.

How big of a company is Unity Bancorp?

Unity Bancorp has a market capitalization of $114.19 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. View additional information about Unity Bancorp.

What is Unity Bancorp's official website?

The official website for Unity Bancorp is http://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 4/9/2020 by MarketBeat.com Staff

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