Unity Bancorp (NASDAQ:UNTY) reported quarterly earnings of $0.95 per share which beat the analyst consensus estimate of $0.87 by 9.2 percent. This is a 7.95 percent increase over earnings of $0.88 per share from the same period last year.
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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., 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
CLINTON, N.J., May 16, 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 June 21, 2024, to shareholders of record as of June 7, 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, Somerset, Union
CLINTON, N.J., April 12, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ:UNTY), parent company of Unity Bank, reported net income of $9.6 million, or $0.93 per diluted share, for the quarter ended March 31, 2024, compared to net income of $9.8 million, or $0.96 per diluted share for the quarter ended December 31, 2023. This represents a 1.9% decrease in net income and a 3.1% decrease in net income per diluted share. James A. Hughes, President and CEO, commented on the financial results: "We are pleased to announce another strong quarter for Unity Bancorp, Inc. For the quarter, we achieved $9.6 million of net income, equivalent to $0.93 per diluted share. Our core deposit franchise ha
Keefe, Bruyette & Woods analyst Christopher O'Connell reiterates Unity Bancorp (NASDAQ:UNTY) with a Outperform and raises the price target from $35 to $39.
Unity Bancorp (NASDAQ:UNTY) reported quarterly earnings of $0.93 per share which beat the analyst consensus estimate of $0.92 by 1.09 percent. This is a 2.11 percent decrease over earnings of $0.95 per share from the same period last year.
Unity Bancorp (NASDAQ:UNTY) reported quarterly earnings of $0.93 per share which beat the analyst consensus estimate of $0.90 by 3.33 percent. This is a 3.12 percent decrease over earnings of $0.96 per share from the same period last year.
4 - UNITY BANCORP INC /NJ/ (0000920427) (Issuer)
4 - UNITY BANCORP INC /NJ/ (0000920427) (Issuer)
4 - UNITY BANCORP INC /NJ/ (0000920427) (Issuer)
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
8-K - UNITY BANCORP INC /NJ/ (0000920427) (Filer)
8-K - UNITY BANCORP INC /NJ/ (0000920427) (Filer)
8-K - UNITY BANCORP INC /NJ/ (0000920427) (Filer)
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., 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
CLINTON, N.J., Oct. 11, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ:UNTY), parent company of Unity Bank, reported net income of $10.9 million, or $1.07 per diluted share, for the quarter ended September 30, 2024, compared to net income of $9.5 million, or $0.93 per diluted share for the quarter ended June 30, 2024. This represents a 15.3% increase in net income and a 15.1% increase in net income per diluted share. For the nine months ended September 30, 2024, Unity Bancorp reported net income of $29.9 million, or $2.94 per diluted share, compared to net income of $29.9 million, or $2.88 per diluted share, for the nine months ended September 30, 2023. This represents no change in n
CLINTON, N.J., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Unity Bank is proud to announce that five local businesses have each been awarded $10,000 grants through the Federal Home Loan Bank of New York (FHLB) Small Business Recovery Grant (SBRG) Program. These grants aim to help businesses overcome challenges posed by inflation, supply chain constraints, rising energy costs, and a volatile rate environment. As a committed member of FHLB, Unity Bank continues to champion local businesses, providing vital support as they navigate today's economic challenges. By leveraging their SBRG Program, Unity Bank granted $10,000 each to five businesses: Isaac Simon Realty LLC – Child Care Services, Br
CLINTON, N.J., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Unity Bank is inviting classic car owners and local businesses to participate in the 18th Annual Crusin' Bob's Classic Car Show, which will be held at the bank's Clinton headquarters, 64 Old Highway 22 in Clinton, on Sunday, October 27th, from 10:00 a.m. to 2:00 p.m. The event will benefit Family Promise of Warren County and Family Promise of Hunterdon County, with all proceeds going directly to these non-profits. Unity Bank employees also volunteer their time to coordinate and support the event. "The annual car show is a highlight for the community and our employees alike. It's a fantastic opportunity to bring people together for a great