Unity Bancorp (UNTY) Announces Quarterly Earnings Results
Unity Bancorp (NASDAQ:UNTY) posted its quarterly earnings data on Thursday. The financial services provider reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.01), MarketWatch Earnings reports. Unity Bancorp had a return on equity of 15.35% and a net margin of 24.16%. The business had revenue of $16.05 million during the quarter.
Shares of UNTY traded up $0.15 during mid-day trading on Friday, hitting $21.10. The stock had a trading volume of 4,664 shares, compared to its average volume of 11,406. The firm has a market cap of $223.95 million, a PE ratio of 12.20 and a beta of 0.39. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.19 and a quick ratio of 1.19. Unity Bancorp has a 52 week low of $19.00 and a 52 week high of $25.50.
The company also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.28 annualized dividend and a dividend yield of 1.33%.
Unity Bancorp Company Profile
Unity Bancorp, Inc operates as a bank holding company for Unity Bank that provides a range of business and consumer financial 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.
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