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%.

Several research analysts have weighed in on UNTY shares. Keefe, Bruyette & Woods began coverage on Unity Bancorp in a research report on Wednesday, July 11th. They issued an “outperform” rating and a $29.50 price objective on the stock. BidaskClub lowered Unity Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 15th.

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.

Further Reading: Hedge Funds – Risk or Reward?

Earnings History for Unity Bancorp (NASDAQ:UNTY)

Receive News & Ratings for Unity Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unity Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.