How does UNTY's PE Ratio compare to its peers?

UNTY is good value based on its Price-To-Earnings Ratio (11.7x) compared to the peer average (12.8x).

How does UNTY's PE Ratio compare vs other companies in the US Banks Industry?

UNTY is good value based on its Price-To-Earnings Ratio (11.7x) compared to the US Banks industry average (13.2x).

What is UNTY's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

UNTY is good value based on its Price-To-Earnings Ratio (11.7x) compared to the estimated Fair Price-To-Earnings Ratio (13.3x).

What is the Fair Price of UNTY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

UNTY ($46.61) is trading below our estimate of [[fair value]] ($126.23)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is lower than the current share price.

Unity Bancorp (Nasdaq:UNTY) - Stock Price, News & Analysis

UNTY Stock Overview

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. More details

UNTY fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	2/6
Past Performance	2/6
Financial Health	6/6
Dividends	4/6

Rewards

Trading at 63.1% below our estimate of its fair value

Earnings are forecast to grow 12.22% per year

Trading at good value compared to peers and industry

Risk Analysis

Significant insider selling over the past 3 months

Unity Bancorp, Inc. Competitors

Farmers & Merchants Bancorp

NasdaqCM:FMAO

US$447.0m

Wilson Bank Holding

OTCPK:WBHC

US$486.6m

First Farmers Financial

OTCPK:FFMR

US$460.3m

Sierra Bancorp

NasdaqGS:BSRR

US$459.0m

Price History & Performance

Summary of all time highs, changes and price drops for Unity Bancorp
Historical stock prices
Current Share Price	US$46.61
52 Week High	US$48.08
52 Week Low	US$25.33
Beta	1
11 Month Change	21.48%
3 Month Change	39.76%
1 Year Change	72.63%
33 Year Change	77.56%
5 Year Change	111.86%
Change since IPO	866.20%

Recent updates

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

Apr 12

Unity Bancorp's (NASDAQ:UNTY) Shareholders Will Receive A Bigger Dividend Than Last Year

Feb 27

Unity Bancorp (NASDAQ:UNTY) Has Announced That It Will Be Increasing Its Dividend To US$0.11

Jun 05

Unity Bancorp's (NASDAQ:UNTY) Dividend Will Be Increased To US$0.11

May 12

Unity Bancorp: A Local New Jersey Bank Trading At Just 9 Times Earnings

Mar 25

Unity Bancorp (NASDAQ:UNTY) Has Affirmed Its Dividend Of US$0.09

Aug 29

Shareholder Returns

	UNTY	US Banks	US Market
7D	3.1%	1.8%	2.2%
1Y	72.6%	57.7%	31.6%

Return vs Industry: UNTY exceeded the US Banks industry which returned 57.7% over the past year.

Return vs Market: UNTY exceeded the US Market which returned 31.6% over the past year.

Price Volatility

Is UNTY's price volatile compared to industry and market?
UNTY volatility
UNTY Average Weekly Movement	6.0%
Banks Industry Average Movement	5.1%
Market Average Movement	6.3%
10% most volatile stocks in US Market	15.7%
10% least volatile stocks in US Market	3.1%

Stable Share Price: UNTY has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: UNTY's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1991	232	Jim Hughes	www.unitybank.com

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.

Unity Bancorp, Inc. Fundamentals Summary

How do Unity Bancorp's earnings and revenue compare to its market cap?
UNTY fundamental statistics
Market cap	US$465.45m
Earnings (TTM)	US$39.72m
Revenue (TTM)	US$100.81m

11.7x

P/E Ratio

1.6x

P/B Ratio

Is UNTY overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
UNTY income statement (TTM)
Revenue	US$100.81m
Cost of Revenue	US$0
Gross Profit	US$100.81m
Other Expenses	US$61.10m
Earnings	US$39.72m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	3.98
Gross Margin	100.00%
Net Profit Margin	39.39%
Debt/Equity Ratio	97.5%

How did UNTY perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

13%

Payout Ratio

UNTY Stock Overview

Rewards

Risk Analysis

Unity Bancorp, Inc. Competitors

NasdaqCM:FMAO

US$447.0m

OTCPK:WBHC

US$486.6m

OTCPK:FFMR

US$460.3m

NasdaqGS:BSRR

US$459.0m

Price History & Performance

Recent News & Updates

Unity Bancorp Inc. Declares Cash Dividend, Payable on December 31, 2024

Unity Bancorp Inc. Declares Cash Dividend, Payable on September 20, 2024

First quarter dividend of US$0.13 announced

Unity Bancorp, Inc. Declares Cash Dividend, Payable on June 21, 2024

First quarter 2024 earnings: EPS exceeds analyst expectations

Insider recently sold US$71k worth of stock

Recent updates

Unity Bancorp Inc. Declares Cash Dividend, Payable on December 31, 2024

Unity Bancorp Inc. Declares Cash Dividend, Payable on September 20, 2024

First quarter dividend of US$0.13 announced

Unity Bancorp, Inc. Declares Cash Dividend, Payable on June 21, 2024

First quarter 2024 earnings: EPS exceeds analyst expectations

Insider recently sold US$71k worth of stock

Insider notifies of intention to sell stock

First quarter 2024 earnings released: EPS: US$0.95 (vs US$0.98 in 1Q 2023)

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

Unity Bancorp, Inc., Annual General Meeting, Apr 25, 2024

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.13 per share

Unity Bancorp's (NASDAQ:UNTY) Shareholders Will Receive A Bigger Dividend Than Last Year

Fourth quarter dividend increased to US$0.13

Unity Bancorp, Inc. Declares Cash Dividend for the First Quarter of 2024, Payable on March 29, 2024

Independent Director notifies of intention to sell stock

Price target increased by 8.7% to US$33.33

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Price target increased by 8.9% to US$32.67

Independent Director exercised options to buy US$126k worth of stock.

Unity Bancorp (NASDAQ:UNTY) Will Pay A Dividend Of $0.12

Independent Director notifies of intention to sell stock

Upcoming dividend of US$0.12 per share at 1.8% yield

Unity Bancorp (NASDAQ:UNTY) Is Paying Out A Dividend Of $0.12

Unity Bancorp, Inc. Declares Cash Dividend, Payable on December 29, 2023

With EPS Growth And More, Unity Bancorp (NASDAQ:UNTY) Makes An Interesting Case

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Independent Director exercised options to buy US$139k worth of stock.

Unity Bancorp (NASDAQ:UNTY) Has Announced A Dividend Of $0.12

Upcoming dividend of US$0.12 per share at 2.0% yield

Unity Bancorp (NASDAQ:UNTY) Will Pay A Dividend Of $0.12

Unity Bancorp, Inc. Declares Cash Dividend, Payable on September 22, 2023

Do Unity Bancorp's (NASDAQ:UNTY) Earnings Warrant Your Attention?

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Unity Bancorp, Inc. Appoints Daniel Sharabba as Svp/Senior Retail Officer

Insider notifies of intention to sell stock

New minor risk - Insider selling

Independent Director notifies of intention to sell stock

Upcoming dividend of US$0.12 per share at 2.1% yield

Unity Bancorp (NASDAQ:UNTY) Will Pay A Larger Dividend Than Last Year At $0.12

Unity Bancorp, Inc. Announces Resignation of Janice Bolomey as Executive Vice President, Director of Sales and Chief Administrative Officer, Effective June 30, 2023

Price target decreased by 8.1% to US$28.50

Price target decreased by 10% to US$29.33

Founder & Chairman of the Board recently bought US$245k worth of stock

Full year 2022 earnings: EPS misses analyst expectations

Upcoming dividend of US$0.12 per share at 1.8% yield

Unity Bancorp (NASDAQ:UNTY) Is Increasing Its Dividend To $0.12

Independent Director notifies of intention to sell stock

Unity Bancorp Announces Increase in First Quarter Dividend, Payable on March 24, 2023

Insider exercised options and sold US$95k worth of stock

Full year 2022 earnings released: EPS: US$3.66 (vs US$3.47 in FY 2021)

Unity Bancorp (NASDAQ:UNTY) Will Pay A Dividend Of $0.11

Upcoming dividend of US$0.11 per share

Unity Bancorp (NASDAQ:UNTY) Has Announced A Dividend Of $0.11

Unity Bancorp, Inc. Declares Cash Dividend, Payable on December 30, 2022

Insufficient new directors

Executive VP & COO exercised options and sold US$255k worth of stock

Chief Administrative Officer notifies of intention to sell stock

Third quarter 2022 earnings: EPS exceeds analyst expectations