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

27.14USD-0.30 (-1.09%)Delayed

Market Summary

USD27.14-0.30

Delayed

-1.09%

UNTY Stock Price

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UNTY RSI Chart

UNTY Valuation

Market Cap

275.2M

Price/Earnings (Trailing)

6.93

Price/Sales (Trailing)

1.92

EV/EBITDA

0.54

Price/Free Cashflow

5.99

UNTY Price/Sales (Trailing)

UNTY Profitability

EBT Margin

36.93%

Return on Equity

15.19%

Return on Assets

1.54%

Free Cashflow Yield

16.7%

UNTY Fundamentals

UNTY Revenue

Revenue (TTM)

143.5M

Rev. Growth (Yr)

24.51%

Rev. Growth (Qtr)

2.08%

UNTY Earnings

Earnings (TTM)

39.7M

Earnings Growth (Yr)

-1.87%

Earnings Growth (Qtr)

-1.81%

Breaking Down UNTY Revenue

Last 7 days

-1.7%

Last 30 days

1.7%

Last 90 days

-0.4%

Trailing 12 Months

31.5%

How does UNTY drawdown profile look like?

UNTY Financial Health

Debt/Equity

0.8

Debt/Cashflow

0.22

UNTY Investor Care

Dividend Yield

1.77%

Dividend/Share (TTM)

0.48

Buy Backs (1Y)

4.21%

Diluted EPS (TTM)

3.84

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
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

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Tracking the Latest Insider Buys and Sells of Unity Bancorp Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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
Jan 31, 2024	hughes james a	sold	-6,866	29.3431	-234	president/ceo

Which funds bought or sold UNTY recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 02, 2024	NISA INVESTMENT ADVISORS, LLC	unchanged	-	-16.00	221	-%
May 01, 2024	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	sold off	-	-	-	-%
May 01, 2024	Janney Montgomery Scott LLC	added	6.01	-6,000	552,000	-%
May 01, 2024	BNP PARIBAS FINANCIAL MARKETS	added	80.27	37,907	93,536	-%
Apr 30, 2024	Avior Wealth Management, LLC	new	-	55.00	55.00	-%
Apr 29, 2024	COMMONWEALTH EQUITY SERVICES, LLC	new	-	323,000	323,000	-%
Apr 29, 2024	Allspring Global Investments Holdings, LLC	new	-	1,573	1,573	-%
Apr 25, 2024	SIMPLEX TRADING, LLC	sold off	-100	-4,000	-	-%
Apr 25, 2024	Bank of New York Mellon Corp	reduced	-4.92	-115,123	902,235	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-63.03	-13,000	7,000	-%

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 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
Mar 12, 2024	4	Insider Trading
Mar 12, 2024	4	Insider Trading
Mar 11, 2024	DEF 14A	DEF 14A

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	547.1B	174.7B	-3.92%	42.05%	10.87	3.13	53.11%	19.83%
BAC	291.2B	127.4B	-0.53%	37.98%	11.64	2.29	44.27%	-12.56%
WFC	208.9B	85.8B	4.90%	63.21%	11.13	2.44	35.02%	26.14%
C	117.3B	125.0B	-0.29%	36.99%	14.68	0.94	37.85%	-
CFG	16.2B	10.2B	1.35%	42.41%	10.1	1.59	44.53%	-22.43%
KEY	14.1B	8.1B	-2.10%	67.08%	16.1	1.73	32.15%	-50.93%
MID-CAP
CMA	7.0B	4.2B	-1.32%	70.01%	10.12	1.66	34.68%	-45.96%
ZION	6.5B	3.9B	2.66%	119.02%	9.51	1.64	45.91%	-25.03%
ABCB	3.4B	1.3B	6.52%	67.99%	12.78	2.69	43.24%	-22.35%
ASB	3.3B	1.8B	5.32%	45.11%	20.6	1.8	32.64%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	395.3M	152.4M	-5.17%	46.88%	39.76	2.59	16.94%	-73.84%
AROW	391.6M	162.6M	-0.59%	18.78%	13.02	2.41	25.39%	-38.37%
ACNB	282.2M	96.6M	-4.87%	20.96%	8.91	2.92	11.02%	-11.37%
ASRV	41.8M	60.9M	-2.01%	-14.98%	-12.5	0.69	24.06%	-144.92%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	2.1%	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	18.00
EBITDA Margin	-6.0%	1.03*	1.10*	1.19*	1.30*	1.40*	1.48*	1.51*	1.49*	1.48*	1.43*	1.35*	1.29*	-	-	-	-	-	-	-	-	-
Interest Expenses	2.1%	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	14.00
Income Taxes	5.8%	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	2.00
Earnings Before Taxes	0.0%	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	7.00
EBT Margin	-6.2%	0.37*	0.39*	0.43*	0.47*	0.51*	0.55*	0.57*	0.57*	0.57*	0.54*	0.49*	0.45*	-	-	-	-	-	-	-	-	-
Net Income	-1.8%	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	6.00
Net Income Margin	-5.6%	0.28*	0.29*	0.32*	0.35*	0.38*	0.41*	0.43*	0.43*	0.43*	0.41*	0.37*	0.34*	-	-	-	-	-	-	-	-	-
Free Cashflow	88.5%	25.00	13.00	-5.46	14.00	32.00	-2.43	-7.83	20.00	12.00	-0.23	8.00	11.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	0.6%	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	1,579
Cash Equivalents	20.6%	195	161	151	127	115	163	109	188	245	216	222	240	219	201	187	179	158	167	155	149	146
Net PPE	-1.1%	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	23.00
Goodwill	-	2.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.00	2.00	-	2.00
Liabilities	0.3%	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	1,441
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	210	190	195	210
Shareholder's Equity	3.6%	261	252	244	240	239	230	221	215	206	196	189	181	174	169	167	164	161	155	149	144	138
Retained Earnings	4.7%	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	0.00
Shares Outstanding	-0.5%	10.00	10.00	10.00	10.00	11.00	10.00	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	86.7%	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	9,713
Share Based Compensation	12.4%	482	429	423	417	442	406	439	394	428	405	410	374	352	352	342	365	339	328	321	283	267
Cashflow From Investing	259.3%	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	-26,309
Cashflow From Financing	725.5%	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	17,555
Dividend Payments	0.3%	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	735
Buy Backs	53.8%	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

2023-12-31

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
INTEREST INCOME
Interest-bearing deposits	$ 1,724	$ 735
FHLB stock	1,369	396
Securities:
Taxable	7,271	4,754
Tax-exempt	72	53
Total securities	7,343	4,807
Loans:
SBA loans	5,489	4,303
SBA PPP loans	137	1,596
Commercial loans	76,966	53,820
Residential mortgage loans	34,194	22,395
Consumer loans	5,742	4,132
Residential construction loans	10,530	8,555
Total loans	133,058	94,801
Total interest income	143,494	100,739
INTEREST EXPENSE
Interest-bearing demand deposits	5,306	1,384
Savings deposits	11,239	3,110
Time deposits	17,340	2,757
Borrowed funds and subordinated debentures	14,612	3,380
Total interest expense	48,497	10,631
Net interest income	94,997	90,108
Provision for credit losses	1,832	4,159
Provision for credit losses, off-balance sheet	53	115
Provision for impairment losses, AFS securities	1,283
Net interest income after provision for credit losses	91,829	85,834
NONINTEREST INCOME
Gain on sale of SBA loans held for sale, net	1,299	954
Gain on sale of mortgage loans, net	1,546	1,399
BOLI income	852	636
Net security losses	7	(1,313)
Other income	1,513	2,819
Total noninterest income	8,142	8,045
NONINTEREST EXPENSE
Compensation and benefits	29,051	26,949
Processing and communications	2,994	2,848
Occupancy	3,087	2,963
Furniture and equipment	2,780	2,493
Professional services	1,563	1,401
Advertising	1,436	1,212
Loan related expenses	918	518
Deposit insurance	1,715	1,022
Director fees	847	916
Other expenses	2,585	2,136
Total noninterest expense	46,976	42,458
Income before provision for income taxes	52,995	51,421
Provision for income taxes	13,288	12,964
Net income	$ 39,707	$ 38,457
Net income per common share - Basic	$ 3.89	$ 3.66
Net income per common share - Diluted	$ 3.84	$ 3.59
Weighted average common shares outstanding - Basic (in shares)	10,207	10,508
Weighted average common shares outstanding - Diluted	10,338	10,705
Branch fee income
NONINTEREST INCOME
Noninterest income	$ 997	$ 1,117
Service and loan fee income
NONINTEREST INCOME
Noninterest income	$ 1,928	$ 2,433

UNTY Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and due from banks	$ 20,668	$ 19,699
Interest-bearing deposits	174,108	95,094
Cash and cash equivalents	194,776	114,793
Securities:
Debt securities available for sale (net of allowance for credit losses of $1,283 as of December 31, 2023 and $0 as of December 31, 2022)	91,765
Debt securities available for sale (net of allowance for credit losses of $1,283 as of December 31, 2023 and $0 as of December 31, 2022)		95,393
Debt securities held to maturity	36,122
Debt securities held to maturity		35,760
Equity securities with readily determinable fair values	7,802	9,793
Total securities	135,689	140,946
Loans:
Total loans	2,172,063
Allowance for credit losses	(25,854)
Net loans	2,146,209
Loans:
Total loans		2,106,559
Allowance for credit losses		(25,196)
Net loans		2,081,363
Premises and equipment, net	19,567	20,002
Bank owned life insurance ("BOLI")	25,230	26,776
Deferred tax assets	12,552	12,345
Federal Home Loan Bank ("FHLB") stock	18,435	19,064
Accrued interest receivable	13,582	13,403
Goodwill	1,516	1,516
Prepaid expenses and other assets	10,951	14,740
Total assets	2,578,507	2,444,948
Deposits:
Noninterest-bearing demand	419,636	494,184
Interest-bearing demand	313,352	276,218
Savings	565,088	591,826
Brokered time deposits	199,667	154,563
Time deposits	426,397	270,737
Total deposits	1,924,140	1,787,528
Borrowed funds	356,438	383,000
Subordinated debentures	10,310	10,310
Accrued interest payable	1,924	691
Accrued expenses and other liabilities	24,265	24,192
Total liabilities	2,317,077	2,205,721
Shareholders' equity:
Common stock, no par value, 12,500 shares authorized, 11,424 shares issued and 10,063 shares outstanding as of December 31, 2023; 12,500 shares authorized, 11,289 shares issued and 10,584 shares outstanding as of December 31, 2022	100,426	97,204
Retained earnings	191,108	156,958
Treasury stock, at cost (1,361 shares as of December 31, 2023 and 705 shares as of December 31, 2022)	(27,367)	(11,675)
Accumulated other comprehensive loss	(2,737)	(3,260)
Total shareholders' equity	261,430	239,227
Total liabilities and shareholders' equity	2,578,507	2,444,948
SBA loans held for sale
Loans:
Total loans	18,242
Loans:
Total loans		27,928
SBA loans held for investment
Loans:
Total loans	38,584
Allowance for credit losses	(1,221)
Loans:
Total loans		38,468
Allowance for credit losses		(875)
SBA PPP loans
Loans:
Total loans	2,318
Loans:
Total loans		5,908
Commercial loans
Loans:
Total loans	1,277,460
Allowance for credit losses	(15,876)
Loans:
Total loans		1,187,543
Allowance for credit losses		(15,254)
Residential mortgage loans
Loans:
Total loans	631,506
Allowance for credit losses	(6,529)
Loans:
Total loans		605,091
Allowance for credit losses		(5,450)
Consumer loans
Loans:
Total loans	72,676
Allowance for credit losses	(1,022)
Loans:
Total loans		78,164
Allowance for credit losses		(990)
Residential construction loans
Loans:
Total loans	131,277
Allowance for credit losses	$ (1,206)
Loans:
Total loans		163,457
Allowance for credit losses		$ (2,627)

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 03 2024, market cap of Unity Bancorp Inc is 275.23 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 03 2024, UNTY's PE ratio (Price to Earnings) is 6.93 and Price to Sales (PS) ratio is 1.92. 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 0.146 (multiply by 100 for percentage) rate of return.