S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
NASDAQ:UNTY

Unity Bancorp (UNTY) Stock Price, News & Analysis

$27.60
-0.25 (-0.90%)
(As of 03/28/2024 ET)
Today's Range
$27.36
$27.85
50-Day Range
$26.20
$30.70
52-Week Range
$20.01
$30.70
Volume
15,933 shs
Average Volume
24,671 shs
Market Capitalization
$279.86 million
P/E Ratio
7.19
Dividend Yield
1.88%
Price Target
$31.50

Unity Bancorp MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
14.1% 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
0.96mentions 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.

3.71 out of 5 stars

Finance Sector

415th out of 872 stocks

State Commercial Banks Industry

97th 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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Bitcoin is rapidly approaching new ALL-TIME HIGHS… The market is buzzing after recent approval of spot Bitcoin exchange-traded funds (ETF). Top analysts predict these ETFs will attract trillions of dollars worth of inflows over the next few years… And as Bitcoin rallies, we could see other smaller coins rise to heights never seen before.
Major Elon Musk Crypto Leak Revealed
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
Unity Bancorp Increases Dividend 8% to 13c
UNTY Unity Bancorp, Inc.
Recap: Unity Bancorp Q4 Earnings
Unity Bancorp Q4 Earnings Slip But Beat View
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
See More Headlines
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Company Calendar

Last Earnings
1/12/2024
Ex-Dividend for 3/29 Dividend
3/14/2024
Today
3/29/2024
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
+14.1%
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
$4.12 per share
Book Value
$25.99 per share

Miscellaneous

Free Float
7,212,000
Market Cap
$279.86 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 research 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 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 target for 2024?

1 Wall Street analysts have issued twelve-month price targets for Unity Bancorp's stock. Their UNTY share price targets range from $31.50 to $31.50. On average, they expect the company's share price to reach $31.50 in the next year. This suggests a possible upside of 14.1% 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 on January 1st, 2024. Since then, UNTY shares have decreased by 6.7% and is now trading at $27.60.
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 days-to-cover ratio is presently 5.4 days. Approximately 1.4% of the shares of the stock 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) issued its quarterly earnings results on Friday, January, 12th. The financial services provider reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.09. The financial services provider had revenue of $26.60 million for the quarter, compared to the consensus estimate 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 given a dividend of $0.13 per share on Friday, March 29th. This represents a $0.52 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Thursday, March 14th. This is an increase 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 1.87%. 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 number 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 3/29/2024 by MarketBeat.com Staff

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