UNTY - Unity Bancorp Inc Stock Price, Fair Value and News

27.95USD+0.25 (+0.90%)Market Closed

Market Summary

USD27.95+0.25

Market Closed

0.90%

UNTY Stock Price

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UNTY RSI Chart

UNTY Valuation

Market Cap

280.6M

Price/Earnings (Trailing)

7.19

Price/Sales (Trailing)

1.89

EV/EBITDA

0.66

Price/Free Cashflow

5.84

UNTY Price/Sales (Trailing)

UNTY Profitability

EBT Margin

35.11%

Return on Equity

14.62%

Return on Assets

1.52%

Free Cashflow Yield

17.14%

UNTY Fundamentals

UNTY Revenue

Revenue (TTM)

148.1M

Rev. Growth (Yr)

13.74%

Rev. Growth (Qtr)

0.47%

UNTY Earnings

Earnings (TTM)

39.0M

Earnings Growth (Yr)

-6.81%

Earnings Growth (Qtr)

-1.88%

Breaking Down UNTY Revenue

Last 7 days

1.1%

Last 30 days

6.4%

Last 90 days

2.5%

Trailing 12 Months

26.3%

How does UNTY drawdown profile look like?

UNTY Financial Health

Debt/Equity

0.79

Debt/Cashflow

0.23

UNTY Investor Care

Dividend Yield

1.75%

Dividend/Share (TTM)

0.49

Buy Backs (1Y)

0.29%

Diluted EPS (TTM)

3.81

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	148.1M	0	0	0
2023	113.0M	125.3M	136.1M	143.5M
2022	85.3M	87.7M	92.7M	100.7M
2021	79.9M	81.3M	82.8M	84.8M
2020	76.7M	77.2M	77.9M	78.9M
2019	70.1M	72.5M	74.4M	75.6M
2018	58.4M	61.2M	64.2M	67.3M
2017	48.4M	50.4M	52.5M	55.3M
2016	42.9M	44.2M	45.7M	47.0M
2015	38.3M	39.4M	40.5M	41.7M
2014	34.7M	35.4M	36.4M	37.4M
2013	34.5M	34.1M	33.7M	34.0M
2012	38.3M	36.9M	35.8M	35.2M
2011	42.9M	41.8M	40.7M	39.5M
2010	0	0	0	44.0M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Unity Bancorp Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 05, 2024	hughes james a	sold (taxes)	-50,386	27.7	-1,819	president/ceo
May 01, 2024	geraci vincent	sold	-70,701	27.193	-2,600	director mortgage lending/svp
Mar 25, 2024	hughes james a	sold (taxes)	-28,995	28.68	-1,011	president/ceo
Mar 16, 2024	hughes james a	sold (taxes)	-67,976	28.02	-2,426	president/ceo
Mar 08, 2024	hughes james a	acquired	-	-	18,000	president/ceo
Mar 08, 2024	boyan george	acquired	-	-	12,000	chief financial officer
Mar 06, 2024	hughes james a	acquired	14,500	7.25	2,000	president/ceo
Mar 05, 2024	hughes james a	sold	-31,535	27.2799	-1,156	president/ceo
Mar 05, 2024	hughes james a	acquired	14,594	7.25	2,013	president/ceo
Jan 31, 2024	hughes james a	acquired	2,733	7.25	377	president/ceo

Which funds bought or sold UNTY recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-38.9	-15,082	19,982	-%
May 15, 2024	Tower Research Capital LLC (TRC)	reduced	-33.56	-4,962	8,087	-%
May 15, 2024	Cetera Advisors LLC	sold off	-100	-200,357	-	-%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	reduced	-2.63	-46,177	457,001	-%
May 15, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	added	2.95	-83,931	2,025,900	0.04%
May 15, 2024	Royal Bank of Canada	reduced	-21.75	-64,000	172,000	-%
May 15, 2024	GOLDMAN SACHS GROUP INC	reduced	-1.32	-79,230	916,237	-%
May 15, 2024	Squarepoint Ops LLC	new	-	242,604	242,604	-%
May 15, 2024	BARCLAYS PLC	reduced	-32.53	-165,000	281,000	-%
May 15, 2024	BANK OF AMERICA CORP /DE/	reduced	-18.18	-148,565	478,832	-%

Are Funds Buying or Selling UNTY?

Are funds buying UNTY calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own UNTY

No. of Funds

Unveiling Unity Bancorp Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2024	banc funds co llc	4.1%	416,374	SC 13G/A
Feb 07, 2023	banc funds co llc	3.6%	375,727	SC 13G/A
Feb 06, 2023	wellington trust company, national association multiple common trust funds trust, micro cap equity p	3.99%	420,980	SC 13G/A
Feb 06, 2023	wellington trust co n a	4.67%	492,010	SC 13G/A
Feb 06, 2023	wellington management group llp	4.67%	492,010	SC 13G/A
Feb 07, 2022	banc funds co llc	2.9%	303,193	SC 13G/A
Feb 04, 2022	wellington management group llp	6.20%	642,961	SC 13G/A
Feb 04, 2022	wellington trust co n a	6.20%	642,961	SC 13G/A
Jul 06, 2021	wellington trust company, national association multiple common trust funds trust, micro cap equity p	5.35%	556,980	SC 13G
Feb 09, 2021	banc funds co llc	1.4%	144,516	SC 13G/A

Recent SEC filings of Unity Bancorp Inc

View All Filings

Date Filed	Form Type	Document
May 16, 2024	8-K	Current Report
May 08, 2024	10-Q	Quarterly Report
May 07, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 01, 2024	144	Notice of Insider Sale Intent
Apr 25, 2024	8-K	Current Report
Apr 25, 2024	8-K	Current Report
Apr 12, 2024	8-K	Current Report
Mar 25, 2024	4	Insider Trading
Mar 19, 2024	4	Insider Trading

Peers (Alternatives to Unity Bancorp Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	588.1B	174.7B	13.73%	46.82%	11.68	3.37	53.11%	19.83%
BAC	307.4B	137.9B	11.58%	38.08%	12.28	2.23	56.12%	-12.56%
WFC	213.0B	85.8B	6.86%	51.95%	11.35	2.48	35.02%	26.14%
C	122.2B	125.0B	10.16%	38.13%	15.29	0.98	37.85%	-
CFG	16.9B	10.4B	12.51%	41.04%	11.81	1.62	26.22%	-33.87%
KEY	14.5B	8.1B	6.72%	53.23%	16.61	1.78	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	10.08%	41.38%	10.46	1.71	34.68%	-45.96%
ZION	6.6B	4.1B	14.23%	65.05%	10.55	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	13.35%	57.95%	12.32	2.65	30.60%	-12.99%
ASB	3.4B	2.0B	11.57%	43.03%	20.88	1.65	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	417.1M	173.1M	15.06%	27.00%	14.3	2.41	26.54%	-34.86%
ALRS	390.4M	152.4M	-0.90%	32.84%	39.27	2.56	16.94%	-73.84%
ACNB	295.5M	98.7M	10.19%	20.01%	10.04	2.99	6.27%	-22.90%
ASRV	48.0M	62.5M	8.95%	-1.75%	-16.24	0.77	18.83%	-145.18%

Unity Bancorp Inc News

Latest updates

Unity Bancorp Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	0.5%	38.00	38.00	37.00	35.00	33.00	30.00	26.00	23.00	21.00	22.00	21.00	21.00	21.00	20.00	20.00	19.00	20.00	19.00	19.00	19.00	19.00
EBITDA Margin	-3.8%	0.99*	1.03*	1.10*	1.19*	1.30*	1.40*	1.48*	1.51*	1.49*	1.48*	1.43*	1.35*	-	-	-	-	-	-	-	-	-
Interest Expenses	-0.8%	24.00	24.00	24.00	24.00	24.00	25.00	24.00	22.00	20.00	21.00	20.00	18.00	18.00	17.00	16.00	16.00	15.00	15.00	14.00	14.00	14.00
Income Taxes	-2.4%	3.00	3.00	3.00	3.00	4.00	4.00	3.00	3.00	3.00	3.00	3.00	2.00	3.00	3.00	2.00	1.00	2.00	2.00	2.00	2.00	2.00
Earnings Before Taxes	-2.0%	13.00	13.00	13.00	13.00	14.00	14.00	13.00	13.00	12.00	13.00	13.00	11.00	11.00	10.00	8.00	7.00	7.00	8.00	8.00	7.00	7.00
EBT Margin	-4.9%	0.35*	0.37*	0.39*	0.43*	0.47*	0.51*	0.55*	0.57*	0.57*	0.57*	0.54*	0.49*	-	-	-	-	-	-	-	-	-
Net Income	-1.9%	10.00	10.00	10.00	10.00	10.00	10.00	10.00	9.00	9.00	10.00	9.00	8.00	8.00	7.00	6.00	5.00	5.00	6.00	6.00	6.00	6.00
Net Income Margin	-4.8%	0.26*	0.28*	0.29*	0.32*	0.35*	0.38*	0.41*	0.43*	0.43*	0.43*	0.41*	0.37*	-	-	-	-	-	-	-	-	-
Free Cashflow	-36.6%	16.00	25.00	13.00	-5.46	14.00	32.00	-2.43	-7.83	20.00	12.00	-0.23	8.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.4%	2,568	2,579	2,563	2,552	2,476	2,445	2,340	2,117	2,068	2,034	1,991	1,973	2,005	1,959	1,931	1,901	1,740	1,719	1,664	1,627	1,590
Cash Equivalents	-6.1%	183	195	161	151	127	115	163	109	188	245	216	222	240	219	201	187	179	158	167	155	149
Net PPE	-1.5%	19.00	20.00	20.00	20.00	20.00	20.00	19.00	19.00	20.00	20.00	20.00	20.00	20.00	20.00	21.00	21.00	21.00	21.00	22.00	23.00	23.00
Goodwill	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.00	2.00	-
Liabilities	-0.7%	2,301	2,317	2,311	2,308	2,235	2,206	2,109	1,896	1,853	1,828	1,795	1,785	1,824	1,785	1,762	1,734	1,576	1,558	1,509	1,477	1,446
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	210	190	195
Shareholder's Equity	2.0%	267	261	252	244	240	239	230	221	215	206	196	189	181	174	169	167	164	161	155	149	144
Retained Earnings	4.3%	199	191	183	174	165	157	148	139	131	123	114	106	98.00	91.00	84.00	79.00	75.00	70.00	65.00	60.00	55.00
Shares Outstanding	-0.2%	10.00	10.00	10.00	10.00	10.00	11.00	10.00	10.00	10.00	10.00	10.00	10.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	172	-	-	-	195	-	-	-	165	-	-	-	109	-	-	-	178	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-36.7%	15,762	24,902	13,337	-5,080	13,750	33,112	-2,283	-7,771	19,611	12,355	459	8,066	11,649	-10,490	13,384	7,945	11,484	8,176	9,308	4,506	11,214
Share Based Compensation	-1.2%	476	482	429	423	417	442	406	439	394	428	405	410	374	352	352	342	365	339	328	321	283
Cashflow From Investing	-179.6%	-3,025	3,798	-2,384	-39,316	-19,945	-174,686	-156,283	-121,912	-88,402	-15,639	-10,189	14,880	-29,567	6,992	-22,685	-155,811	-3,858	-65,640	-25,620	-30,928	-10,927
Cashflow From Financing	-629.9%	-24,527	4,629	-740	68,543	18,489	92,987	212,903	51,000	11,699	31,730	4,250	-40,671	38,184	21,414	24,013	155,554	13,353	48,720	28,232	32,125	3,335
Dividend Payments	-100.0%	-	1,172	1,168	1,166	1,215	1,130	1,121	1,114	1,008	1,009	899	906	803	813	816	828	841	848	838	839	730
Buy Backs	188.5%	4,076	1,413	919	5,141	8,219	42.00	-	-	-	86.00	1,879	876	1,350	2,307	2,144	2,819	172	-	-	-	-

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UNTY Income Statement

2024-03-31

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
INTEREST INCOME
Interest-bearing deposits	$ 420	$ 333
FHLB stock	280	331
Securities:
Taxable	1,849	1,739
Tax-exempt	18	19
Total securities	1,867	1,758
Loans:
SBA loans	1,333	1,404
SBA PPP loans	8	77
Commercial loans	20,830	17,401
Residential mortgage loans	9,219	8,109
Consumer loans	1,402	1,354
Residential construction loans	2,578	2,586
Total loans	35,370	30,931
Total interest income	37,937	33,353
INTEREST EXPENSE
Interest-bearing demand deposits	1,710	965
Savings deposits	3,144	1,554
Brokered deposits	2,295	1,562
Time deposits	4,699	1,563
Borrowed funds and subordinated debentures	2,248	3,799
Total interest expense	14,096	9,443
Net interest income	23,841	23,910
Provision for credit losses, loans	641	108
Provision for credit losses, off-balance sheet	2
Net interest income after provision for credit losses	23,198	23,802
NONINTEREST INCOME
Gain on sale of SBA loans held for sale, net	238	309
Gain on sale of mortgage loans, net	320	244
BOLI income	65	80
Net security gains (losses)	54	(322)
Other income	341	368
Total noninterest income	1,718	1,417
NONINTEREST EXPENSE
Compensation and benefits	7,357	7,090
Processing and communications	906	804
Occupancy	798	770
Furniture and equipment	684	689
Professional services	436	427
Advertising	400	260
Loan related expenses	384	175
Deposit insurance	339	348
Director fees	247	217
Other expenses	581	648
Total noninterest expense	12,132	11,428
Income before provision for income taxes	12,784	13,791
Provision for income taxes	3,198	3,504
Net income	$ 9,586	$ 10,287
Net income per common share - Basic	$ 0.95	$ 0.98
Net income per common share - Diluted	$ 0.93	$ 0.96
Weighted average common shares outstanding - Basic	10,127	10,538
Weighted average common shares outstanding - Diluted	10,276	10,686
Branch fee income
NONINTEREST INCOME
Noninterest income	$ 243	$ 235
Service and loan fee income
NONINTEREST INCOME
Noninterest income	$ 457	$ 503

UNTY Balance Sheet

2024-03-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 20,619	$ 20,668
Interest-bearing deposits	162,367	174,108
Cash and cash equivalents	182,986	194,776
Securities:
Debt securities available for sale, at market value	94,682	91,765
Debt securities held to maturity, at amortized cost	36,089	36,122
Equity securities, at market value	7,931	7,802
Total securities	138,702	135,689
Loans:
Total loans	2,174,457	2,172,063
Allowance for credit losses	(26,080)	(25,854)
Net loans	2,148,377	2,146,209
Premises and equipment, net	19,281	19,567
Bank owned life insurance ("BOLI")	25,295	25,230
Deferred tax assets, net	12,681	12,552
Federal Home Loan Bank ("FHLB") stock	15,896	18,435
Accrued interest receivable	13,165	13,582
Goodwill	1,516	1,516
Prepaid expenses and other assets	10,189	10,951
Total assets	2,568,088	2,578,507
Deposits:
Noninterest-bearing demand	395,520	419,636
Interest-bearing demand	325,174	312,208
Savings	504,210	497,491
Brokered deposits	235,755	268,408
Time Deposits	500,611	426,397
Total deposits	1,961,270	1,924,140
Borrowed funds	299,397	356,438
Subordinated debentures	10,310	10,310
Accrued interest payable	1,551	1,924
Accrued expenses and other liabilities	28,799	24,265
Total liabilities	2,301,327	2,317,077
Shareholders' equity:
Common stock	101,676	100,426
Retained earnings	199,380	191,108
Treasury stock	(31,443)	(27,367)
Accumulated other comprehensive loss	(2,852)	(2,737)
Total shareholders' equity	266,761	261,430
Total liabilities and shareholders' equity	2,568,088	2,578,507
SBA loans held for sale
Loans:
Total loans	18,439	18,242
SBA loans held for investment
Loans:
Total loans	39,009	38,584
Allowance for credit losses	(1,209)	(1,221)
SBA PPP loans
Loans:
Total loans	2,168	2,318
Commercial loans
Loans:
Total loans	1,291,319	1,277,460
Allowance for credit losses	(16,187)	(15,876)
Residential mortgage loans
Loans:
Total loans	627,464	631,506
Allowance for credit losses	(6,394)	(6,529)
Consumer loans
Loans:
Total loans	72,275	72,676
Allowance for credit losses	(922)	(1,022)
Residential construction loans
Loans:
Total loans	123,783	131,277
Allowance for credit losses	$ (1,368)	$ (1,206)

About Unity Bancorp Inc

Unity Bancorp, Inc. operates as a bank holding company for Unity Bank that provides commercial and retail banking 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 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. The company was incorporated in 1991 and is based in Clinton, New Jersey.

CEO	Mr. James A. Hughes
WEBSITE	unitybank.com
INDUSTRY	Banks Diversified
EMPLOYEES	230

Unity Bancorp Inc Frequently Asked Questions

What is the ticker symbol for Unity Bancorp Inc? What does UNTY stand for in stocks?

UNTY is the stock ticker symbol of Unity Bancorp Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Unity Bancorp Inc (UNTY)?

As of Fri May 17 2024, market cap of Unity Bancorp Inc is 280.59 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of UNTY stock?

You can check UNTY's fair value in chart for subscribers.

What is the fair value of UNTY stock?

You can check UNTY's fair value in chart for subscribers. The fair value of Unity Bancorp Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Unity Bancorp Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for UNTY so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Unity Bancorp Inc a good stock to buy?

The fair value guage provides a quick view whether UNTY is over valued or under valued. Whether Unity Bancorp Inc is cheap or expensive depends on the assumptions which impact Unity Bancorp Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for UNTY.

What is Unity Bancorp Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, UNTY's PE ratio (Price to Earnings) is 7.19 and Price to Sales (PS) ratio is 1.89. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. UNTY PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Unity Bancorp Inc's stock?

In the past 10 years, Unity Bancorp Inc has provided 0.149 (multiply by 100 for percentage) rate of return.