NASDAQ:UNTYUnity Bancorp Stock Price, Forecast & News

Unity Bancorp's stock was trading at $16.51 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, UNTY shares have decreased by 9.4% and is now trading at $14.95. View which stocks have been most impacted by Coronavirus.

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.

Unity Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, July 16th 2020. View our earnings forecast for Unity Bancorp.

Unity Bancorp, Inc. (NASDAQ:UNTY) issued its quarterly earnings results on Friday, April, 17th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.01. The financial services provider had revenue of $17.79 million for the quarter, compared to the consensus estimate of $17.10 million. Unity Bancorp had a return on equity of 14.80% and a net margin of 26.82%. View Unity Bancorp's earnings history.

Unity Bancorp declared a quarterly dividend on Thursday, April 23rd. Shareholders of record on Friday, June 12th will be paid a dividend of $0.08 per share on Friday, June 26th. This represents a $0.32 annualized dividend and a yield of 2.14%. The ex-dividend date is Thursday, June 11th. View Unity Bancorp's dividend history.

2 analysts have issued 1 year target prices for Unity Bancorp's stock. Their forecasts range from $20.00 to $21.00. On average, they expect Unity Bancorp's stock price to reach $20.50 in the next twelve months. This suggests a possible upside of 37.1% from the stock's current price. View analysts' price targets for Unity Bancorp.

News articles about UNTY stock have trended very negative on Wednesday, InfoTrie Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Unity Bancorp earned a daily sentiment score of -3.0 on InfoTrie's scale. They also gave news headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutUnity Bancorp.

Some companies that are related to Unity Bancorp include TrustCo Bank Corp NY (TRST), Triumph Bancorp (TBK), Community Trust Bancorp (CTBI), ConnectOne Bancorp (CNOB), Preferred Bank (PFBC), Great Southern Bancorp (GSBC), Live Oak Bancshares (LOB), HomeStreet (HMST), Washington Trust Bancorp (WASH), Lakeland Bancorp (LBAI), Boston Private Financial (BPFH), Bryn Mawr Bank (BMTC), Luther Burbank (LBC), Allegiance Bancshares (ABTX) and Old Line Bancshares, Inc. (MD) (OLBK). View all competitors.

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), Wells Fargo & Co (WFC), AbbVie (ABBV), Preferred Apartment Communities (APTS), Delta Air Lines (DAL) and Enbridge (ENB).

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 (7.65%), BlackRock Inc. (3.85%), Wellington Management Group LLP (3.66%), Alliancebernstein L.P. (2.18%), State Street Corp (1.17%) and Geode Capital Management LLC (1.08%). Company insiders that own Unity Bancorp stock include Alan J Bedner, David D Dallas, James A Hughes, John J Kauchak, Mark S Brody, Robert H Dallas II, Stephen Rooney and Wayne Courtright. View institutional ownership trends for Unity Bancorp.

UNTY stock was sold by a variety of institutional investors in the last quarter, including Banc Funds Co. LLC, Morgan Stanley, State Street Corp, UBS Group AG, Cadence Capital Management LLC, and Nuveen Asset Management LLC. View insider buying and selling activity for Unity Bancorp.

UNTY stock was bought by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Alliancebernstein L.P., Elizabeth Park Capital Advisors Ltd., Geode Capital Management LLC, Advisor Group Holdings Inc., Rhumbline Advisers, JPMorgan Chase & Co., and BlackRock Inc.. Company insiders that have bought Unity Bancorp stock in the last two years include David D Dallas, James A Hughes, Mark S Brody, and Robert H Dallas II. View insider buying and selling activity for 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.

One share of UNTY stock can currently be purchased for approximately $14.95.

Unity Bancorp has a market capitalization of $162.70 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.

The official website for Unity Bancorp is www.unitybank.com.

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]