Unity Bancorp (UNTY) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $41.98 to $42.82
• 50-Day Range: $39.98 to $50.85
• 52-Week Range: $25.60 to $51.22
• Volume: 17,690 shs
• Average Volume: 25,660 shs
• Market Capitalization: $420.71 million
• P/E Ratio: 10.38
• Dividend Yield: 1.33%
• Price Target: $54.50
• Consensus Rating: Buy

Unity Bancorp Stock Analysis - MarketRank™

Unity Bancorp scored higher than 90% of companies evaluated by MarketBeat, and ranked 172nd out of 951 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Unity Bancorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Unity Bancorp has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 12.63%

Earnings Growth

Earnings for Unity Bancorp are expected to grow by 12.63% in the coming year, from $4.83 to $5.44 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Unity Bancorp is 10.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.15.

Price to Earnings Ratio vs. Sector

The P/E ratio of Unity Bancorp is 10.41, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 23.66.

Price to Book Value per Share Ratio

Unity Bancorp has a P/B Ratio of 1.63. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.04% 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 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Unity Bancorp has recently increased by 7.67%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Unity Bancorp pays a meaningful dividend of 1.21%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Unity Bancorp has been increasing its dividend for 12 years.

Dividend Coverage

The dividend payout ratio of Unity Bancorp is 13.79%. 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 10.29% next year. This indicates that Unity Bancorp will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.04% 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 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Unity Bancorp has recently increased by 7.67%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 0.91

News Sentiment

Unity Bancorp has a news sentiment score of 0.91. 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 news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Unity Bancorp this week, compared to 2 articles on an average week.

MarketBeat Follows

Only 3 people have added Unity Bancorp to their MarketBeat watchlist in the last 30 days. This is a decrease of -57% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

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 $575,602.00 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.

UNTY Stock Analysis - Frequently Asked Questions

How have UNTY shares performed this year?

Unity Bancorp's stock was trading at $43.61 at the start of the year. Since then, UNTY shares have decreased by 3.1% and is now trading at $42.25.
View the best growth stocks for 2025 here.

How were Unity Bancorp's earnings last quarter?

Unity Bancorp, Inc. (NASDAQ:UNTY) released its earnings results on Wednesday, January, 15th. The financial services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.08 by $0.05. Unity Bancorp had a net margin of 25.24% and a trailing twelve-month return on equity of 15.08%.

Who are Unity Bancorp's major shareholders?

Unity Bancorp's top institutional investors include Banc Funds Co. LLC (7.16%), Dimensional Fund Advisors LP (4.89%), Vanguard Group Inc. (3.73%) and Alliancebernstein L.P. (3.32%). Insiders that own company stock include David D Dallas, James A Hughes, Wayne Courtright, Mark S Brody, John J Kauchak, Peter E Maricondo, Mary E Gross, David G Bove, Vincent Geraci, George Boyan, Donald E Jr Souders, James Joseph Donovan and Minsu Kim.
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.

What other stocks do shareholders of Unity Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Unity Bancorp investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), ServiceNow (NOW), Adobe (ADBE) and Arista Networks (ANET).

Company Calendar

• Ex-Dividend for 12/31 Dividend: 12/13/2024
• Dividend Payable: 12/31/2024
• Last Earnings: 1/15/2025
• Today: 3/13/2025
• Ex-Dividend for 3/28 Dividend: 3/14/2025
• Dividend Payable: 3/28/2025
• Next Earnings (Estimated): 4/11/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Banking
• Current Symbol: NASDAQ:UNTY
• CIK: 920427
• Web: www.unitybank.com
• Phone: (908) 730-7630
• Fax: 908-730-9430
• Employees: 230
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $54.50
• High Stock Price Target: $55.00
• Low Stock Price Target: $54.00
• Potential Upside/Downside: +29.4%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.06
• Trailing P/E Ratio: 10.38
• Forward P/E Ratio: 8.72
• P/E Growth: N/A
• Net Income: $41.45 million
• Net Margins: 25.24%
• Pretax Margin: 32.62%
• Return on Equity: 15.08%
• Return on Assets: 1.59%

Debt

• Debt-to-Equity Ratio: 0.97
• Current Ratio: 1.16
• Quick Ratio: 1.16

Sales & Book Value

• Annual Sales: $105.94 million
• Price / Sales: 3.97
• Cash Flow: $3.71 per share
• Price / Cash Flow: 11.35
• Book Value: $25.99 per share
• Price / Book: 1.62

Miscellaneous

• Outstanding Shares: 9,986,000
• Free Float: 7,102,000
• Market Cap: $420.71 million
• Optionable: Optionable
• Beta: 0.95