Unity Bancorp (NASDAQ:UNTY) Stock Rating Reaffirmed as Buy by DA Davidson

Unity Bancorp (NASDAQ:UNTY)‘s stock had its “buy” rating reissued by DA Davidson in a research note issued on Tuesday, Benzinga reports. They currently have a $68.00 price target on the financial services provider’s stock. DA Davidson’s price objective indicates a potential upside of 22.81% from the stock’s previous close.

A number of other research firms also recently issued reports on UNTY. Piper Sandler lifted their target price on Unity Bancorp from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. Freedom Capital upgraded Unity Bancorp from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Unity Bancorp in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat, Unity Bancorp presently has a consensus rating of “Buy” and a consensus price target of $65.50.

Unity Bancorp Stock Up 1.9%

Shares of UNTY stock opened at $55.37 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.88. Unity Bancorp has a 1 year low of $44.34 and a 1 year high of $62.50. The firm’s fifty day moving average price is $58.25 and its two-hundred day moving average price is $56.28. The firm has a market capitalization of $556.08 million, a P/E ratio of 9.63 and a beta of 0.65.

Unity Bancorp (NASDAQ:UNTY) last issued its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.49 by $0.02. Unity Bancorp had a net margin of 30.26% and a return on equity of 16.10%. The firm had revenue of $36.65 million for the quarter, compared to analysts’ expectations of $35.63 million. On average, equities analysts predict that Unity Bancorp will post 5.85 EPS for the current fiscal year.

Insider Transactions at Unity Bancorp

In related news, President George Boyan sold 6,504 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $59.16, for a total value of $384,776.64. Following the completion of the sale, the president directly owned 25,015 shares in the company, valued at approximately $1,479,887.40. This trade represents a 20.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 28.87% of the company’s stock.

Hedge Funds Weigh In On Unity Bancorp

Institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its position in shares of Unity Bancorp by 17.3% in the first quarter. Public Employees Retirement System of Ohio now owns 3,391 shares of the financial services provider’s stock valued at $176,000 after buying an additional 500 shares during the last quarter. Legal & General Group Plc bought a new position in shares of Unity Bancorp during the 2nd quarter worth approximately $44,000. Inspire Investing LLC increased its holdings in shares of Unity Bancorp by 9.4% during the 1st quarter. Inspire Investing LLC now owns 9,945 shares of the financial services provider’s stock worth $515,000 after acquiring an additional 851 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Unity Bancorp by 22.0% during the 2nd quarter. Hsbc Holdings PLC now owns 8,676 shares of the financial services provider’s stock worth $509,000 after acquiring an additional 1,563 shares during the last quarter. Finally, Allworth Financial LP acquired a new position in shares of Unity Bancorp during the 2nd quarter worth approximately $92,000. Institutional investors and hedge funds own 42.31% of the company’s stock.

Unity Bancorp News Roundup

Here are the key news stories impacting Unity Bancorp this week:

• Positive Sentiment: Unity Bancorp reported third-quarter net income of $17.4 million, or $1.70 per diluted share, up from $14.5 million, or $1.42 per share, in the second quarter. Nine-month net income rose to $46.1 million from $42.5 million a year earlier. Unity Bancorp Reports Quarterly Earnings of $17.4 Million
• Positive Sentiment: Core banking trends were favorable: loan and deposit growth remained robust, net interest income increased, net interest margin expanded and credit quality improved. These trends support continued revenue and profitability momentum. Unity Bancorp Q3 Profit, Net Interest Income Rise
• Positive Sentiment: The company benefited from a $2.5 million reduction in tax expense after purchasing transferable federal investment tax credits. Analysts also reported quarterly EPS of $1.51 versus a $1.49 consensus estimate and revenue of $36.65 million versus expectations of $35.63 million, though these figures differ from the company’s earnings release. Unity Bancorp Releases Quarterly Earnings Results
• Neutral Sentiment: Management expressed confidence in Unity Bancorp’s long-term growth prospects and balance sheet, while preparing for CEO James Hughes’ planned leadership transition next year to President George Boyan.
• Negative Sentiment: The $2.5 million tax-credit benefit is described as a one-time item, creating a less favorable comparison for future quarters if it is not repeated.
• Negative Sentiment: Management cited shifting interest-rate expectations and intense competition for deposits as potential pressures on future net interest margins and funding costs. Recent reported insider activity also showed sales, including transactions by President George Boyan. Unity Bancorp Reports Third Quarter 2026 Net Income

About Unity Bancorp

Unity Bancorp, Inc is the bank holding company for Unity Bank, a community-focused financial institution serving individuals, families and businesses in New Jersey and eastern Pennsylvania. Headquartered in Clinton, New Jersey, Unity Bank operates through a network of branches and provides relationship-based banking services to customers in its local markets.

The bank offers a range of deposit products, including checking, savings, money market accounts and certificates of deposit. Its lending activities include commercial and industrial loans, commercial real estate financing, residential mortgages, home equity loans and consumer loans.