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Unity Bancorp, Inc. (UNTY)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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19.36-0.02 (-0.10%)
At close: 4:00PM EST

19.36 0.00 (0.00%)
After hours: 4:00PM EST

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Trade prices are not sourced from all markets
Previous Close19.38
Open19.55
Bid17.00 x 900
Ask19.25 x 900
Day's Range18.35 - 19.55
52 Week Range8.76 - 23.75
Volume28,470
Avg. Volume19,403
Market Cap204.548M
Beta (5Y Monthly)1.43
PE Ratio (TTM)8.84
EPS (TTM)2.19
Earnings DateApr. 15, 2021 - Apr. 19, 2021
Forward Dividend & Yield0.32 (1.65%)
Ex-Dividend DateDec. 16, 2020
1y Target Est23.67
  • GlobeNewswire

    Unity Bancorp Reports Quarterly Earnings of $7.3 Million

    CLINTON, N.J., Jan. 22, 2021 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $7.3 million, or $0.69 per diluted share, for the quarter ended December 31, 2020, a 20.0 percent increase compared to net income of $6.1 million, or $0.55 per diluted share for the prior year’s fourth quarter. For the year ended December 31, 2020, Unity reported net income of $23.6 million, or $2.19 per diluted share, compared to net income of $23.7 million, or $2.14 per diluted share for the year ended December 31, 2019. Overall earnings were impacted primarily due to an increased provision for loan losses, necessitated by the COVID-19 pandemic, partially offset by revenue generated by the Small Business Administration (“SBA”) Paycheck Protection Program (“PPP”). James A. Hughes, President and CEO, commented on the financial results: “2020 was a year of resilience for Unity. The safety and success of our employees and customers was, and continues to remain, our top priority. I am extremely proud of our employees who stepped up to deliver tremendous service to our customers and small businesses. Employees worked diligently with customers coming off payment deferrals, the majority of which are repaying their loans per the original terms. While 2020 was a challenging year, we achieved record loan volume in our mortgage division. Due to the uncertainty surrounding the COVID-19 pandemic, we continue to evaluate the sufficiency of our loan reserve. Our ability to sustain a robust balance sheet, strong liquidity and solid credit quality has made me optimistic about the future for Unity.” For the full version of the Company’s 2020 fourth quarter earnings release, including financial tables, please visit https://unitybancorp.q4ir.com/news/default.aspx. Unity Bancorp, Inc. is a financial service organization headquartered in Clinton, New Jersey, with approximately $2.0 billion in assets and $1.6 billion in deposits. Unity Bank, the Company’s wholly owned subsidiary, provides financial services to retail, corporate and small business customers through its 19 retail service centers located in Bergen, Hunterdon, Middlesex, Somerset, Union and Warren Counties in New Jersey and Northampton County in Pennsylvania. For additional information about Unity, visit our website at www.unitybank.com , or call 800- 618-BANK. This news release contains certain forward-looking statements, either expressed or implied, which are provided to assist the reader in understanding anticipated future financial performance. These statements may be identified by use of the words “believe”, “expect”, “intend”, “anticipate”, “estimate”, “project” or similar expressions. These statements involve certain risks, uncertainties, estimates and assumptions made by management, which are subject to factors beyond the company’s control and could impede its ability to achieve these goals. These factors include those items included in our Annual Report on Form 10-K under the heading “Item IA-Risk Factors” as amended or supplemented by our subsequent filings with the SEC, as well as general economic conditions, trends in interest rates, the ability of our borrowers to repay their loans, our ability to manage and reduce the level of our nonperforming assets, results of regulatory exams, and the impact of COVID-19 on the Bank, its employees and customers, among other factors. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. News Media & Financial Analyst Contact:James Hughes, President and CEO(908)713-4306

  • Unity Bancorp Declares Cash Dividend
    GlobeNewswire

    Unity Bancorp Declares Cash Dividend

    CLINTON, N. J., Nov. 19, 2020 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.08 per common share. Such dividend is payable on December 31, 2020, to shareholders of record as of December 17, 2020. Unity Bancorp, Inc. is a financial service organization headquartered in Clinton, New Jersey, with approximately $1.9 billion in assets and $1.5 billion in deposits. Unity Bank, the company’s wholly owned subsidiary, provides financial services to retail, corporate and small business customers through its 19 retail service centers located in Bergen, Hunterdon, Middlesex, Somerset, Union and Warren Counties in New Jersey and Northampton County, Pennsylvania. For additional information about Unity, visit our website at www.unitybank.com , or call 800-618-BANK.This news release contains certain forward-looking statements, either expressed or implied, which are provided to assist the reader in understanding anticipated future financial performance. These statements may be identified by use of the words “believe”, “expect”, “intend”, “anticipate”, “estimate”, “project” or similar expressions. These statements involve certain risks, uncertainties, estimates and assumptions made by management, which are subject to factors beyond the company’s control and could impede its ability to achieve these goals. These factors include those items included in our Annual Report on Form 10-K under the heading “Item IA-Risk Factors” as amended or supplemented by our subsequent filings with the SEC, as well as general economic conditions, trends in interest rates, the ability of our borrowers to repay their loans, our ability to manage and reduce the level of our nonperforming assets, and results of regulatory exams, and the impact of COVID-19 on the Bank, its employees and customers, among other factors.News Media & Financial Analyst Contact: James A. Hughes President and Chief Executive Officer (908) 713-4306

  • If You Had Bought Unity Bancorp (NASDAQ:UNTY) Stock Five Years Ago, You Could Pocket A 58% Gain Today
    Simply Wall St.

    If You Had Bought Unity Bancorp (NASDAQ:UNTY) Stock Five Years Ago, You Could Pocket A 58% Gain Today

    If you buy and hold a stock for many years, you'd hope to be making a profit. But more than that, you probably want to...