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Unity Bancorp NasdaqGM:UNTY Stock Report

Last Price

US$38.58

Market Cap

US$385.0m

7D

-1.7%

1Y

51.8%

Updated

04 Nov, 2024

Data

Company Financials +

Unity Bancorp, Inc.

NasdaqGM:UNTY Stock Report

Market Cap: US$385.0m

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.

UNTY fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance2/6
Financial Health6/6
Dividends4/6

Unity Bancorp, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Unity Bancorp
Historical stock prices
Current Share PriceUS$38.58
52 Week HighUS$40.81
52 Week LowUS$24.42
Beta1.02
11 Month Change17.51%
3 Month Change24.05%
1 Year Change51.77%
33 Year Change41.58%
5 Year Change76.81%
Change since IPO699.75%

Recent News & Updates

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

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

Dec 13
Unity Bancorp (NASDAQ:UNTY) Will Pay A Dividend Of $0.12

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

Nov 21
Unity Bancorp (NASDAQ:UNTY) Is Paying Out A Dividend Of $0.12

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

Nov 04
With EPS Growth And More, Unity Bancorp (NASDAQ:UNTY) Makes An Interesting Case

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

Sep 05
Unity Bancorp (NASDAQ:UNTY) Has Announced A Dividend Of $0.12

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

Aug 22
Unity Bancorp (NASDAQ:UNTY) Will Pay A Dividend Of $0.12

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

Jul 18
Do Unity Bancorp's (NASDAQ:UNTY) Earnings Warrant Your Attention?

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

May 29
Unity Bancorp (NASDAQ:UNTY) Will Pay A Larger Dividend Than Last Year At $0.12

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

Feb 21
Unity Bancorp (NASDAQ:UNTY) Is Increasing Its Dividend To $0.12

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

Dec 09
Unity Bancorp (NASDAQ:UNTY) Will Pay A Dividend Of $0.11

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

Nov 22
Unity Bancorp (NASDAQ:UNTY) Has Announced A Dividend Of $0.11

Unity Bancorp GAAP EPS of $0.93

Oct 14

Unity Bancorp: Attractively Valued With A Positive Outlook For Topline Growth

Sep 26

Unity Bancorp declares $0.11 dividend

Aug 25

Unity Bancorp added to US Small-Cap Russell 2000 Index

Jul 12

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

Jun 05
Unity Bancorp (NASDAQ:UNTY) Has Announced That It Will Be Increasing Its Dividend To US$0.11

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

May 12
Unity Bancorp's (NASDAQ:UNTY) Dividend Will Be Increased To US$0.11

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

Shareholder Returns

UNTYUS BanksUS Market
7D-1.7%-1.4%-1.6%
1Y51.8%46.7%30.8%

Return vs Industry: UNTY exceeded the US Banks industry which returned 46.7% over the past year.

Return vs Market: UNTY exceeded the US Market which returned 30.8% over the past year.

Price Volatility

Is UNTY's price volatile compared to industry and market?
UNTY volatility
UNTY Average Weekly Movement4.9%
Banks Industry Average Movement4.2%
Market Average Movement6.0%
10% most volatile stocks in US Market14.9%
10% least volatile stocks in US Market2.9%

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 (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1991222Jim Hugheswww.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 capUS$385.02m
Earnings (TTM)US$39.72m
Revenue (TTM)US$100.81m

9.7x

P/E Ratio

1.4x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
UNTY income statement (TTM)
RevenueUS$100.81m
Cost of RevenueUS$0
Gross ProfitUS$100.81m
Other ExpensesUS$61.10m
EarningsUS$39.72m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)3.98
Gross Margin100.00%
Net Profit Margin39.39%
Debt/Equity Ratio97.5%

How did UNTY perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

13%

Payout Ratio