Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Unity Bancorp (UNTY) Stock Price
Media stories about Unity Bancorp (NASDAQ:UNTY) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Unity Bancorp earned a news impact score of 0.10 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.942625540702 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Unity Bancorp (NASDAQ:UNTY) traded up $0.25 during midday trading on Wednesday, hitting $20.70. The stock had a trading volume of 15,600 shares, compared to its average volume of 17,100. The stock has a market cap of $216.85, a PE ratio of 15.85 and a beta of 0.45. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.40. Unity Bancorp has a fifty-two week low of $13.45 and a fifty-two week high of $20.70.
Unity Bancorp (NASDAQ:UNTY) last released its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter. Unity Bancorp had a return on equity of 12.21% and a net margin of 22.16%. The business had revenue of $13.83 million during the quarter.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, December 14th. Unity Bancorp’s dividend payout ratio (DPR) is 18.60%.
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Unity Bancorp Company Profile
Unity Bancorp, Inc is a bank holding company that serves as a holding company for Unity Bank (the Bank). The Company’s primary business is ownership and supervision of the Bank. The Company, through the Bank, conducts a traditional and community-oriented commercial banking business and offers services, such as personal and business checking accounts, time deposits, money market accounts and regular savings accounts.
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