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NASDAQ:UNTYUnity Bancorp Stock Price, Forecast & News

$14.36
-0.59 (-3.95 %)
(As of 06/3/2020 04:00 PM ET)
Add
Compare
Today's Range
$14.31
Now: $14.36
$16.00
50-Day Range
$11.50
MA: $13.82
$15.81
52-Week Range
$8.76
Now: $14.36
$24.70
Volume14,500 shs
Average Volume19,768 shs
Market Capitalization$156.28 million
P/E Ratio6.81
Dividend Yield2.23%
Beta1.29
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.
Read More

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.5Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.33 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$2.25 per share
Book Value$14.78 per share

Profitability

Net Income$23.65 million

Miscellaneous

Employees190
Market Cap$156.28 million
Next Earnings Date7/16/2020 (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 (WHO). Since then, UNTY shares have decreased by 13.0% and is now trading at $14.36. 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, July 16th 2020. View our earnings forecast for Unity Bancorp.

How were Unity Bancorp's earnings last quarter?

Unity Bancorp, Inc. (NASDAQ:UNTY) issued its quarterly earnings data on Friday, April, 17th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate 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.

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

Unity Bancorp declared a quarterly dividend on Thursday, April 23rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Thursday, June 11th. View Unity Bancorp's dividend history.

What price target have analysts set for UNTY?

2 brokers have issued 1-year target prices for Unity Bancorp's shares. 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 year. This suggests a possible upside of 42.8% 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 recently, InfoTrie Sentiment reports. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Unity Bancorp earned a news impact score of -3.1 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the near 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), Wells Fargo & Co (WFC), AbbVie (ABBV), Preferred Apartment Communities (APTS), Delta Air Lines (DAL) and Enbridge (ENB).

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."

Who are Unity Bancorp's major shareholders?

Unity Bancorp's stock is owned by many different institutional and retail investors. Top institutional investors 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.

Which major investors are selling Unity Bancorp stock?

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.

Which major investors are buying Unity Bancorp stock?

UNTY stock was acquired 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.

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 $14.36.

How big of a company is Unity Bancorp?

Unity Bancorp has a market capitalization of $156.28 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.

What is Unity Bancorp's official website?

The official website for Unity Bancorp is 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 6/3/2020 by MarketBeat.com Staff

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