Unity Bancorp (NASDAQ:UNTY) Announces Earnings Results

Unity Bancorp (NASDAQ:UNTY) issued its quarterly earnings results on Tuesday. The financial services provider reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.02, FiscalAI reports. Unity Bancorp had a net margin of 31.00% and a return on equity of 16.34%. The company had revenue of $36.65 million during the quarter, compared to analysts’ expectations of $35.63 million.

Unity Bancorp Stock Performance

Shares of NASDAQ UNTY opened at $54.53 on Thursday. The stock has a 50 day moving average price of $58.05 and a 200 day moving average price of $56.34. Unity Bancorp has a 52 week low of $44.34 and a 52 week high of $62.50. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $547.48 million, a PE ratio of 9.65 and a beta of 0.65.

Unity Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.2%. This is a boost from Unity Bancorp’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Thursday, September 3rd. Unity Bancorp’s payout ratio is currently 11.83%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on UNTY shares. Piper Sandler boosted their price objective on shares of Unity Bancorp from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, June 26th. Weiss Ratings restated a “buy (b+)” rating on shares of Unity Bancorp in a report on Friday, July 31st. DA Davidson reaffirmed a “buy” rating and issued a $68.00 target price on shares of Unity Bancorp in a research report on Tuesday. Finally, Freedom Capital raised shares of Unity Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $65.50.

Insiders Place Their Bets

In other Unity Bancorp news, President George Boyan sold 6,504 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $59.16, for a total transaction of $384,776.64. Following the transaction, the president owned 25,015 shares of the company’s stock, valued at $1,479,887.40. The trade was a 20.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 28.87% of the stock is currently owned by corporate insiders.

Unity Bancorp News Roundup

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

• Positive Sentiment: Third-quarter net income increased to $17.4 million, or $1.70 per diluted share, from $14.5 million, or $1.42 per share, in the prior 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: Reported quarterly EPS of $1.51 exceeded the $1.49 consensus estimate, while revenue of $36.65 million surpassed the $35.63 million forecast. EPS also improved from $1.33 a year earlier. Unity Bancorp Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Management cited robust loan and deposit growth, higher net interest income, an expanded net interest margin and improved asset quality. DA Davidson reaffirmed its “buy” rating and maintained a $68 price target, implying substantial upside from recent trading levels.
• Neutral Sentiment: A purchase of transferable federal investment tax credits reduced tax expense and added a $2.5 million benefit to earnings. Management said underlying performance remained strong, but investors may apply a lower valuation to growth that includes a nonrecurring benefit. Unity Bancorp Releases Q3 2026 Financial Results
• Negative Sentiment: Unity Bancorp warned that shifting interest-rate expectations and intense competition for deposits could pressure future margins. A planned leadership transition to President George Boyan next year and recent insider selling may also contribute to investor caution.

Unity Bancorp Company Profile

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.