UNTY Stock Overview
Unity Bancorp, Inc. operates as the holding company for Unity Bank that provides commercial and retail banking products and services to individuals, small and medium sized businesses, and professional communities.
Unity Bancorp Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$28.19|
|52 Week High||US$31.37|
|52 Week Low||US$21.32|
|1 Month Change||-0.56%|
|3 Month Change||-2.32%|
|1 Year Change||18.85%|
|3 Year Change||38.39%|
|5 Year Change||72.42%|
|Change since IPO||484.37%|
Recent News & Updates
Unity Bancorp's (NASDAQ:UNTY) Dividend Will Be Increased To US$0.11
The board of Unity Bancorp, Inc. ( NASDAQ:UNTY ) has announced that it will be increasing its dividend on the 24th of...
Unity Bancorp: A Local New Jersey Bank Trading At Just 9 Times Earnings
Unity Bancorp is active in New Jersey where it operates just a handful of branches. The bank's net income in 2021 was exceptionally high, thanks to the lack of loan loss provisions. UNTY retains the majority of its earnings on its balance sheet, which allows it to expand its loan book. The stock is trading at about 1.4 times its book value, but due to the low payout ratio, the book value increases fast.
|UNTY||US Banks||US Market|
Return vs Industry: UNTY exceeded the US Banks industry which returned -19.6% over the past year.
Return vs Market: UNTY exceeded the US Market which returned -10.4% over the past year.
|UNTY Average Weekly Movement||2.5%|
|Banks Industry Average Movement||3.9%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.7%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: UNTY is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: UNTY's weekly volatility (2%) has been stable over the past year.
About the Company
Unity Bancorp, Inc. operates as the holding company for Unity Bank that provides commercial and retail banking products and services to individuals, small and medium sized businesses, and professional communities. The company offers personal and business checking accounts, time deposits, money market accounts, and regular savings accounts, as well as noninterest and interest-bearing demand deposits. It 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 Fundamentals Summary
|UNTY fundamental statistics|
Is UNTY overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|UNTY income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||3.50|
|Net Profit Margin||40.82%|
How did UNTY perform over the long term?See historical performance and comparison
1.6%Current Dividend Yield
Does UNTY pay a reliable dividends?See UNTY dividend history and benchmarks
|Unity Bancorp dividend dates|
|Ex Dividend Date||Jun 09 2022|
|Dividend Pay Date||Jun 24 2022|
|Days until Ex dividend||24 days|
|Days until Dividend pay date||39 days|
Does UNTY pay a reliable dividends?See UNTY dividend history and benchmarks
Is Unity Bancorp undervalued compared to its fair value and its price relative to the market?
Valuation Score 4/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: UNTY ($28.19) is trading below our estimate of fair value ($86.81)
Significantly Below Fair Value: UNTY is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: UNTY is good value based on its PE Ratio (8.1x) compared to the US Banks industry average (9.7x).
PE vs Market: UNTY is good value based on its PE Ratio (8.1x) compared to the US market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: UNTY is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: UNTY is overvalued based on its PB Ratio (1.4x) compared to the US Banks industry average (1.1x).
How is Unity Bancorp forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: UNTY's forecast earnings growth (4.6% per year) is above the savings rate (1.9%).
Earnings vs Market: UNTY's earnings (4.6% per year) are forecast to grow slower than the US market (12.6% per year).
High Growth Earnings: UNTY's earnings are forecast to grow, but not significantly.
Revenue vs Market: UNTY's revenue (7.2% per year) is forecast to grow slower than the US market (8% per year).
High Growth Revenue: UNTY's revenue (7.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if UNTY's Return on Equity is forecast to be high in 3 years time
How has Unity Bancorp performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UNTY has high quality earnings.
Growing Profit Margin: UNTY's current net profit margins (40.8%) are higher than last year (35.5%).
Past Earnings Growth Analysis
Earnings Trend: UNTY's earnings have grown by 19.9% per year over the past 5 years.
Accelerating Growth: UNTY's earnings growth over the past year (37.2%) exceeds its 5-year average (19.9% per year).
Earnings vs Industry: UNTY earnings growth over the past year (37.2%) exceeded the Banks industry 20.9%.
Return on Equity
High ROE: UNTY's Return on Equity (17.1%) is considered low.
How is Unity Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: UNTY's Assets to Equity ratio (9.6x) is low.
Allowance for Bad Loans: UNTY has a sufficient allowance for bad loans (230%).
Low Risk Liabilities: 96% of UNTY's liabilities are made up of primarily low risk sources of funding.
Loan Level: UNTY has an appropriate level of Loans to Assets ratio (80%).
Low Risk Deposits: UNTY's Loans to Deposits ratio (93%) is appropriate.
Level of Bad Loans: UNTY has an appropriate level of bad loans (0.6%).
What is Unity Bancorp current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: UNTY's dividend (1.56%) is higher than the bottom 25% of dividend payers in the US market (1.54%).
High Dividend: UNTY's dividend (1.56%) is low compared to the top 25% of dividend payers in the US market (4.05%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, UNTY has been paying a dividend for less than 10 years.
Growing Dividend: UNTY's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (10.8%), UNTY's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jim Hughes (62 yo)
Mr. James A. Hughes serves as President and Chief Executive Officer at Unity Bancorp, Inc. and has been its Director since 2002. He serves as President and Chief Executive Officer at Unity Bank and serves...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD2.37M) is above average for companies of similar size in the US market ($USD1.69M).
Compensation vs Earnings: Jim's compensation has increased by more than 20% in the past year.
Experienced Management: UNTY's management team is seasoned and experienced (13.9 years average tenure).
Experienced Board: UNTY's board of directors are seasoned and experienced ( 17.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Unity Bancorp, Inc.'s employee growth, exchange listings and data sources
- Name: Unity Bancorp, Inc.
- Ticker: UNTY
- Exchange: NasdaqGM
- Founded: 1991
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$295.844m
- Shares outstanding: 10.49m
- Website: https://www.unitybank.com
Number of Employees
- Unity Bancorp, Inc.
- 64 Old Highway 22
- New Jersey
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/15 00:00|
|End of Day Share Price||2022/05/13 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.