How have UNTY shares performed in 2024?

Unity Bancorp's stock was trading at $29.59 on January 1st, 2024. Since then, UNTY stock has decreased by 11.2% and is now trading at $26.28. View the best growth stocks for 2024 here .

When is Unity Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, July 12th 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, October, 13th. The financial services provider reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.08. The financial services provider had revenue of $39.03 million for the quarter, compared to analysts' expectations of $25.05 million. Unity Bancorp had a trailing twelve-month return on equity of 15.44% and a net margin of 24.92%.

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 1.98%. 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 1.97%. 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 13.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UNTY will have a dividend payout ratio of 12.47% 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) .

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 .

NASDAQ:UNTY

Unity Bancorp (UNTY) Stock Price, News & Analysis

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$26.28

-0.12 (-0.45%)

(As of 04/17/2024 ET)

Compare

Today's Range: $26.28
▼
$26.47
50-Day Range: $26.00
▼
$29.70
52-Week Range: $20.01
▼
$30.70

Volume: 25,653 shs
Average Volume: 18,103 shs
Market Capitalization: $266.48 million

P/E Ratio: 6.90
Dividend Yield: 1.98%
Price Target: N/A

Get Unity Bancorp alerts:

Unity Bancorp MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Bearish
1.39% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.35
Based on 8 Articles This Week
Insider Trading: Selling Shares
$157,046 Sold Last Quarter
Proj. Earnings Growth: 9.74%
From $3.80 to $4.17 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.

2.94 out of 5 stars

Finance Sector

515th out of 828 stocks

State Commercial Banks Industry

132nd out of 172 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Unity Bancorp.

2.0

Short Interest

Percentage of Shares Shorted
1.39% of the float of Unity Bancorp has been sold short.
Short Interest Ratio / Days to Cover
Unity Bancorp has a short interest ratio ("days to cover") of 5.5.
Change versus previous month
Short interest in Unity Bancorp has recently increased by 1.11%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
Unity Bancorp pays a meaningful dividend of 1.97%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Unity Bancorp has only been increasing its dividend for 4 years.
Dividend Coverage
The dividend payout ratio of Unity Bancorp is 13.65%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Unity Bancorp will have a dividend payout ratio of 12.47% next year. This indicates that Unity Bancorp will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for UNTY.

1.9

News and Social Media Coverage

News Sentiment
Unity Bancorp has a news sentiment score of 0.35. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Unity Bancorp this week, compared to 1 article on an average week.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Unity Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $157,046.00 in company stock.
Percentage Held by Insiders
28.88% of the stock of Unity Bancorp is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
42.31% of the stock of Unity Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Unity Bancorp are expected to grow by 9.74% in the coming year, from $3.80 to $4.17 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Unity Bancorp is 6.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.94.
Price to Earnings Ratio vs. Sector
The P/E ratio of Unity Bancorp is 6.90, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 56.75.
Price to Book Value per Share Ratio
Unity Bancorp has a P/B Ratio of 1.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

UNTY Stock News Headlines

April 15, 2024 | markets.businessinsider.com

Analysts Offer Insights on Financial Companies: Wells Fargo (WFC), Customers Bancorp (CUBI) and Unity Bancorp (UNTY)

April 14, 2024 | seekingalpha.com

Unity Bancorp: Respectable Quarter To Kick Off Regional Bank Earnings Season

April 17, 2024 | DTI (Ad)

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April 13, 2024 | americanbankingnews.com

Unity Bancorp (NASDAQ:UNTY) Stock Price Crosses Below Two Hundred Day Moving Average of $26.75

April 12, 2024 | investorplace.com

UNTY Stock Earnings: Unity Bancorp Beats EPS, Misses Revenue for Q1 2024

April 12, 2024 | markets.businessinsider.com

Analysts Are Bullish on Top Financial Stocks: Provident Financial Services (PFS), Unity Bancorp (UNTY)

April 12, 2024 | finanznachrichten.de

Unity Bancorp, Inc.: Unity Bancorp Reports Quarterly Earnings of $9.6 Million

April 12, 2024 | globenewswire.com

Unity Bancorp Reports Quarterly Earnings of $9.6 Million

April 17, 2024 | DTI (Ad)

Don’t expose yourself to stocks during the week

April 10, 2024 | seekingalpha.com

Unity: Turnaround Will Take Time

March 16, 2024 | msn.com

Unity Bank, SkillPaddy To Train 1,000 Female Software Engineers

March 12, 2024 | msn.com

IWD: Unity Bank partners SkillPaddy to train 1,000 female software engineers

March 12, 2024 | finance.yahoo.com

Unity Bancorp's (NASDAQ:UNTY) Dividend Will Be Increased To $0.13

March 9, 2024 | finance.yahoo.com

Unity Bancorp, Inc. (NASDAQ:UNTY) Looks Interesting, And It's About To Pay A Dividend

February 27, 2024 | msn.com

Unity upgraded to Neutral on 2024 growth reset: Piper Sandler

February 27, 2024 | finance.yahoo.com

Unity Bancorp's (NASDAQ:UNTY) Upcoming Dividend Will Be Larger Than Last Year's

February 23, 2024 | finanznachrichten.de

Unity Bancorp, Inc.: Unity Bancorp Announces 8% Increase in First Quarter Dividend

February 22, 2024 | marketwatch.com

Unity Bancorp Increases Dividend 8% to 13c

February 22, 2024 | globenewswire.com

Unity Bancorp Announces 8% Increase in First Quarter Dividend

February 16, 2024 | seekingalpha.com

UNTY Unity Bancorp, Inc.

January 13, 2024 | benzinga.com

Unity Bancorp Stock (NASDAQ:UNTY) Dividends: History, Yield and Dates

January 12, 2024 | finance.yahoo.com

Unity Bancorp (UNTY) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

January 12, 2024 | finance.yahoo.com

Unity Bancorp Inc (UNTY) Reports Mixed Quarterly Results with a Slight Dip in Net Income

January 12, 2024 | benzinga.com

Recap: Unity Bancorp Q4 Earnings

January 12, 2024 | markets.businessinsider.com

Unity Bancorp Q4 Earnings Slip But Beat View

January 12, 2024 | stockhouse.com

Unity Bancorp Reports Quarterly Earnings of $9.8 Million and Full Year Earnings of $39.7 Million

January 12, 2024 | finance.yahoo.com

Unity Bancorp Reports Quarterly Earnings of $9.8 Million and Full Year Earnings of $39.7 Million

See More Headlines

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Company Calendar

Last Earnings: 10/13/2023
Ex-Dividend for 3/29 Dividend: 3/14/2024
Dividend Payable: 3/29/2024
Today: 4/17/2024
Next Earnings (Estimated): 7/12/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: State commercial banks
Sub-Industry: N/A
Current Symbol: NASDAQ:UNTY
CUSIP: N/A
CIK: 920427
Web: www.unitybank.com
Phone: (908) 730-7630
Fax: 908-730-9430
Employees: 217
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $3.81
Trailing P/E Ratio: 6.93
Forward P/E Ratio: 6.95
P/E Growth: N/A
Net Income: $39.71 million
Net Margins: 24.92%
Pretax Margin: 34.95%
Return on Equity: 15.44%
Return on Assets: 1.52%

Debt

Debt-to-Equity Ratio: 1.40
Current Ratio: 1.21
Quick Ratio: 1.21

Sales & Book Value

Annual Sales: $151.64 million
Price / Sales: 1.77
Cash Flow: $4.15 per share
Price / Cash Flow: 6.36
Book Value: $25.99 per share
Price / Book: 1.02

Miscellaneous

Outstanding Shares: 10,140,000
Free Float: 7,212,000
Market Cap: $267.70 million
Optionable: Optionable
Beta: 1.07

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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 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

UNTY Stock Analysis - Frequently Asked Questions

How have UNTY shares performed in 2024?: Unity Bancorp's stock was trading at $29.59 on January 1st, 2024. Since then, UNTY stock has decreased by 11.2% and is now trading at $26.28.
View the best growth stocks for 2024 here.
When is Unity Bancorp's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, July 12th 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, October, 13th. The financial services provider reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.08. The financial services provider had revenue of $39.03 million for the quarter, compared to analysts' expectations of $25.05 million. Unity Bancorp had a trailing twelve-month return on equity of 15.44% and a net margin of 24.92%.
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 1.98%. 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 1.97%. 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 13.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UNTY will have a dividend payout ratio of 12.47% 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).
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 4/17/2024 by MarketBeat.com Staff

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Unity Bancorp (UNTY) Stock Price, News & Analysis

Unity Bancorp MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Unity Bancorp Stock (NASDAQ:UNTY)

UNTY Stock Price History

UNTY Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

UNTY Stock Analysis - Frequently Asked Questions

Overall MarketRank^™