Janney initiated coverage of Unity Bancorp with a rating of Buy and set a new price target of $32.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/15/2022 | $32.00 | Buy | Janney |
| 4/7/2022 | $33.00 | Overweight | Piper Sandler |
CLINTON, N.J., April 22, 2025 (GLOBE NEWSWIRE) -- Unity Bank has been named one of the top-performing small banks in the United States by the Hovde Group, a nationally respected financial advisory and research firm. This marks the third time Unity Bancorp, Inc. (NASDAQ:UNTY) has been included in Hovde's annual high-performer list, underscoring the bank's sustained excellence in financial management and customer service. The 2025 edition of Hovde Group's report evaluates small banks with market capitalizations between $100 million and $1.5 billion, ranking them on key financial metrics such as pre-tax pre-provision net revenue, efficiency ratios, loan and deposit growth, tangible book valu
CLINTON, N.J., April 11, 2025 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ:UNTY), parent company of Unity Bank, reported net income of $11.6 million, or $1.13 per diluted share, for the quarter ended March 31, 2025, compared to net income of $11.5 million, or $1.13 per diluted share for the quarter ended December 31, 2024. This represents a 0.8% increase in net income. James A. Hughes, President and CEO, commented on the financial results: "We are pleased to announce another strong quarter for Unity Bancorp, Inc. We earned $11.6 million in net income, or $1.13 per diluted share, representing 1.83% ROA and 15.56% ROE. Our Commercial and Residential lending had strong originations, grow
CLINTON, N.J., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ:UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.14 per common share. Such dividend is payable on March 28, 2025, to shareholders of record as of March 14, 2025. This represents an 8% increase from the $0.13 dividend per common share paid in the prior quarter. "Consistent with the past several years, we are pleased to announce an increase in our dividend payout, a true testament to our robust financial health and confidence in the Company's growth and earnings outlook. We remain committed to delivering shareholder returns while managing a prudent and c
CLINTON, N.J., June 28, 2023 (GLOBE NEWSWIRE) -- Banking industry veteran Daniel Sharabba has joined Unity Bank as Senior Vice President/Senior Retail Officer. The Morris Plains resident is responsible for the development and execution of the community bank's branch banking operations. "We are excited to welcome Daniel to the Unity Bank family," said Unity Bank President & CEO James A. Hughes. "Daniel brings great banking experience to the team and has an impressive background growing both business and consumer relationships. We look forward to his continued success with Unity." Sharabba previously served as Regional Manager/Vice President with Citizens Bank, overseeing 17 retail loc
Janney initiated coverage of Unity Bancorp with a rating of Buy and set a new price target of $32.00
Piper Sandler initiated coverage of Unity Bancorp with a rating of Overweight and set a new price target of $33.00
10-Q - UNITY BANCORP INC /NJ/ (0000920427) (Filer)
8-K - UNITY BANCORP INC /NJ/ (0000920427) (Filer)
8-K - UNITY BANCORP INC /NJ/ (0000920427) (Filer)
4 - UNITY BANCORP INC /NJ/ (0000920427) (Issuer)
4 - UNITY BANCORP INC /NJ/ (0000920427) (Issuer)
4 - UNITY BANCORP INC /NJ/ (0000920427) (Issuer)
SC 13G/A - UNITY BANCORP INC /NJ/ (0000920427) (Subject)
SC 13G/A - UNITY BANCORP INC /NJ/ (0000920427) (Subject)
SC 13G/A - UNITY BANCORP INC /NJ/ (0000920427) (Subject)
CLINTON, N.J., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ:UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.14 per common share. Such dividend is payable on March 28, 2025, to shareholders of record as of March 14, 2025. This represents an 8% increase from the $0.13 dividend per common share paid in the prior quarter. "Consistent with the past several years, we are pleased to announce an increase in our dividend payout, a true testament to our robust financial health and confidence in the Company's growth and earnings outlook. We remain committed to delivering shareholder returns while managing a prudent and c
CLINTON, N.J., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ:UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.13 per common share. Such dividend is payable on December 31, 2024, to shareholders of record as of December 13, 2024. Unity Bancorp, Inc. is a financial services organization headquartered in Clinton, New Jersey, with approximately $2.6 billion in assets and $2.0 billion in deposits. Unity Bank, the Company's wholly owned subsidiary, provides financial services to retail, corporate and small business customers through its robust branch network located in Bergen, Hunterdon, Middlesex, Morris, Ocean, Somer
CLINTON, N.J., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ:UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.13 per common share. Such dividend is payable on September 20, 2024, to shareholders of record as of September 6, 2024. Unity Bancorp, Inc. is a financial services organization headquartered in Clinton, New Jersey, with approximately $2.6 billion in assets and $2.0 billion in deposits. Unity Bank, the Company's wholly owned subsidiary, provides financial services to retail, corporate and small business customers through its robust branch network located in Bergen, Hunterdon, Middlesex, Morris, Ocean, Some