S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
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Is DraftKings A Good Bet Ahead of Q1 Earnings?
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A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Best Bear Market Funds: Top 3 Investment Options to Consider
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Merck, Cintas rise; GameStop, MiMedx fall, Wednesday, 3/27/2024
NASDAQ:UNTY

Unity Bancorp (UNTY) Stock Price, News & Analysis

$27.85
+0.47 (+1.72%)
(As of 03/27/2024 ET)
Today's Range
$27.25
$28.27
50-Day Range
$26.20
$30.70
52-Week Range
$20.01
$30.70
Volume
83,541 shs
Average Volume
21,160 shs
Market Capitalization
$282.40 million
P/E Ratio
7.25
Dividend Yield
1.87%
Price Target
$31.50

Unity Bancorp MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
13.1% Upside
$31.50 Price Target
Short Interest
Bearish
1.38% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.63mentions of Unity Bancorp in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$157,046 Sold Last Quarter
Proj. Earnings Growth
11.41%
From $3.77 to $4.20 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.50 out of 5 stars

Finance Sector

331st out of 862 stocks

State Commercial Banks Industry

70th out of 182 stocks

UNTY stock logo

About Unity Bancorp Stock (NASDAQ:UNTY)

Unity Bancorp, Inc. operates as a bank holding company for Unity Bank that provides range of commercial and retail banking services to individuals, small and medium sized businesses, and professional communities. It offers personal and business checking accounts, time deposits, money market accounts, savings accounts, and retirement accounts, as well as noninterest and interest-bearing demand deposits. The company also provides small business administration loans; commercial loans; and residential mortgage and consumer loans, including residential real estate, home equity lines and loans, and residential construction lines, as well as personal loans. In addition, it offers credit and debit cards, wire transfer, safe deposit box, automated teller, and internet and mobile banking services; and automated clearing house origination and remote deposit capture services. Unity Bancorp, Inc. was incorporated in 1991 and is headquartered in Clinton, New Jersey.

UNTY Stock Price History

UNTY Stock News Headlines

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Unity Bancorp Increases Dividend 8% to 13c
UNTY Unity Bancorp, Inc.
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Unity Bancorp (NASDAQ:UNTY) Will Pay A Dividend Of $0.12
Unity Bank to foray into personal loan biz
607 Unity Unlimited hosts free Thanksgiving dinner
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Company Calendar

Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Last Earnings
1/12/2024
Ex-Dividend for 3/29 Dividend
3/14/2024
Today
3/28/2024
Dividend Payable
3/29/2024
Next Earnings (Estimated)
4/15/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
Current Symbol
NASDAQ:UNTY
Employees
227
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$31.50
High Stock Price Target
$31.50
Low Stock Price Target
$31.50
Potential Upside/Downside
+13.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$39.71 million
Pretax Margin
34.95%

Debt

Sales & Book Value

Annual Sales
$151.64 million
Cash Flow
$4.21 per share
Book Value
$25.99 per share

Miscellaneous

Free Float
7,212,000
Market Cap
$282.40 million
Optionable
Optionable
Beta
1.06
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Key Executives

  • Mr. David D. Dallas (Age 69)
    Founder & Chairman of the Board
    Comp: $60k
  • Mr. James A. Hughes (Age 65)
    President, CEO & Director
    Comp: $1.99M
  • Mr. Robert H. Dallas II (Age 77)
    Founder & Director
    Comp: $45.1k
  • Mr. George Allen Boyan III (Age 42)
    J.D., Executive VP & CFO
    Comp: $706.13k
  • Mr. Vincent  GeraciMr. Vincent Geraci (Age 56)
    First Senior VP & Director of Mortgage Lending
    Comp: $598.19k
  • Mr. James R Davies (Age 32)
    Senior VP & Controller
    Comp: $315.79k
  • Mr. James Donovan (Age 60)
    Senior VP & Chief Lending Officer
    Comp: $373.97k
  • Mr. David Bove (Age 38)
    Senior VP & CTO
  • Christopher Fenimore
    First VP & Chief Compliance Officer
  • Michelle Kirmser
    First VP & General Counsel

UNTY Stock Analysis - Frequently Asked Questions

Should I buy or sell Unity Bancorp stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Unity Bancorp in the last twelve months. There are currently 1 buy rating 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.

What is Unity Bancorp's stock price target for 2024?

1 brokers have issued 1-year price targets for Unity Bancorp's shares. Their UNTY share price targets range from $31.50 to $31.50. On average, they anticipate the company's share price to reach $31.50 in the next twelve months. This suggests a possible upside of 13.1% 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 2024?

Unity Bancorp's stock was trading at $29.59 at the beginning of the year. Since then, UNTY stock has decreased by 5.9% and is now trading at $27.85.
View the best growth stocks for 2024 here
.

Are investors shorting Unity Bancorp?

Unity Bancorp saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 99,200 shares, an increase of 122.9% from the February 29th total of 44,500 shares. Based on an average daily volume of 18,300 shares, the short-interest ratio is presently 5.4 days. Approximately 1.4% of the company's shares are sold short.
View Unity Bancorp's Short Interest
.

When is Unity Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, April 15th 2024.
View our UNTY earnings forecast
.

How were Unity Bancorp's earnings last quarter?

Unity Bancorp, Inc. (NASDAQ:UNTY) released its quarterly earnings results on Friday, January, 12th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.09. The financial services provider had revenue of $26.60 million for the quarter, compared to analyst estimates of $24.90 million. Unity Bancorp had a trailing twelve-month return on equity of 15.91% and a net margin of 26.19%.

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

Unity Bancorp declared a quarterly dividend on Thursday, February 22nd. Shareholders of record on Friday, March 15th will be paid a dividend of $0.13 per share on Friday, March 29th. This represents a $0.52 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from the stock's previous quarterly dividend of $0.12.
Read our dividend analysis for UNTY
.

Is Unity Bancorp a good dividend stock?

Unity Bancorp (NASDAQ:UNTY) pays an annual dividend of $0.52 per share and currently has a dividend yield of 1.90%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UNTY will have a dividend payout ratio of 12.38% 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).

Who are Unity Bancorp's major shareholders?

Unity Bancorp's stock is owned by a variety of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (4.62%), Vanguard Group Inc. (4.08%), Vanguard Group Inc. (4.05%), Pacific Ridge Capital Partners LLC (2.24%), Bridgeway Capital Management LLC (0.71%) and Northern Trust Corp (0.64%). Insiders that own company stock include David D Dallas, Donald E Jr Souders, Donald E Jr Souders, George Boyan, James A Hughes, Janice Bolomey, John J Kauchak, Laureen Cook, Mark S Brody, Mary E Gross, Stephen Rooney, Vincent Geraci and Wayne Courtright.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:UNTY) was last updated on 3/28/2024 by MarketBeat.com Staff

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