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NASDAQ:UNTY

Unity Bancorp - UNTY Stock Forecast, Price & News

$27.11
-0.35 (-1.27%)
(As of 02/6/2023 12:00 AM ET)
Add
Compare
Today's Range
$26.96
$27.66
50-Day Range
$26.05
$28.62
52-Week Range
$24.80
$30.24
Volume
20,918 shs
Average Volume
22,397 shs
Market Capitalization
$286.01 million
P/E Ratio
7.55
Dividend Yield
1.60%
Price Target
$32.50

Unity Bancorp MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
19.9% Upside
$32.50 Price Target
Short Interest
Healthy
0.44% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.65mentions of Unity Bancorp in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$362,301 Sold Last Quarter
Proj. Earnings Growth
5.34%
From $3.93 to $4.14 Per Share

Overall MarketRank

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

2.61 out of 5 stars

Finance Sector

172nd out of 850 stocks

State Commercial Banks Industry

36th out of 177 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

A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
Macron: US risks unity of West
Unity Bancorp Insider Trades Send a Signal
Unity Bancorp Q3 Profit Rises
Recap: Unity Bancorp Q3 Earnings
Unity Bancorp Reports Quarterly Earnings of $9.9 Million
See More Headlines
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UNTY Company Calendar

Last Earnings
10/14/2021
Ex-Dividend for 12/30 Dividend
12/15/2022
Dividend Payable
12/30/2022
Today
2/06/2023
Next Earnings (Estimated)
4/13/2023
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
$32.50
High Stock Price Forecast
$33.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+19.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$38.46 million
Pretax Margin
50.21%

Debt

Sales & Book Value

Annual Sales
$108.78 million
Cash Flow
$3.61 per share
Book Value
$19.83 per share

Miscellaneous

Free Float
7,134,000
Market Cap
$286.01 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
  • Vincent GeraciVincent Geraci
    Senior Vice President & Director-Mortgage Lending













UNTY Stock - Frequently Asked Questions

Should I buy or sell Unity Bancorp stock right now?

2 Wall Street research 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 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 brokers 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 expect the company's share price to reach $32.50 in the next year. This suggests a possible upside of 19.9% 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 stock has decreased by 0.8% and is now trading at $27.11.
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, April 13th 2023.
View our UNTY earnings forecast
.

How were Unity Bancorp's earnings last quarter?

Unity Bancorp, Inc. (NASDAQ:UNTY) posted its quarterly earnings results on Thursday, October, 14th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.07. The financial services provider had revenue of $22.53 million for the quarter, compared to analyst estimates of $22.20 million. Unity Bancorp had a trailing twelve-month return on equity of 17.32% and a net margin of 35.35%.

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

Unity Bancorp announced a quarterly dividend on Thursday, November 17th. Shareholders of record on Friday, December 16th will be paid a dividend of $0.11 per share on Friday, December 30th. This represents a $0.44 annualized dividend and a yield of 1.62%. The ex-dividend date is Thursday, December 15th.
Read our dividend analysis for UNTY
.

Is Unity Bancorp a good dividend stock?

Unity Bancorp (NASDAQ:UNTY) pays an annual dividend of $0.44 per share and currently has a dividend yield of 1.60%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 12.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UNTY will have a dividend payout ratio of 10.63% 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 a variety of institutional and retail investors. Top institutional investors include River Oaks Capital LLC (0.91%), 4J Wealth Management LLC (0.13%), Allspring Global Investments Holdings LLC (0.10%) and Concourse Financial Group Securities Inc. (0.00%). 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 and Vincent Geraci.
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 $27.11.

How much money does Unity Bancorp make?

Unity Bancorp (NASDAQ:UNTY) has a market capitalization of $286.01 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.

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 2/6/2023 by MarketBeat.com Staff