Unity Bancorp, Inc. (NASDAQ:UNTY) Stock Has Average Price Target of $65.50 According to Analysts

Unity Bancorp, Inc. (NASDAQ:UNTY) has earned a consensus rating of “Buy” from the six analysts that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $65.50.

A number of analysts have issued reports on UNTY shares. Piper Sandler lifted their target price on shares of Unity Bancorp from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, June 26th. DA Davidson reaffirmed a “buy” rating and issued a $68.00 price target on shares of Unity Bancorp in a research report on Tuesday. Freedom Capital upgraded Unity Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Unity Bancorp in a research note on Friday, July 31st.

Trending Headlines about Unity Bancorp

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 Stock Down 1.6%

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

Unity Bancorp (NASDAQ:UNTY) last released its quarterly earnings data on Tuesday, October 13th. The financial services provider reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.02. Unity Bancorp had a return on equity of 16.34% and a net margin of 31.00%. The firm had revenue of $36.65 million for the quarter, compared to the consensus estimate of $35.63 million. On average, equities research analysts expect that Unity Bancorp will post 5.85 earnings per share for the current fiscal year.

Unity Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were issued a $0.17 dividend. This is an increase from Unity Bancorp’s previous quarterly dividend of $0.16. The ex-dividend date was Thursday, September 3rd. This represents a $0.68 annualized dividend and a yield of 1.2%. Unity Bancorp’s dividend payout ratio is presently 11.83%.

Insiders Place Their Bets

In other Unity Bancorp news, President George Boyan sold 6,504 shares of the company’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 completion of the sale, the president owned 25,015 shares of the company’s stock, valued at $1,479,887.40. This represents a 20.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 modified their holdings of the company. Hsbc Holdings PLC increased its stake in shares of Unity Bancorp by 22.0% in the second quarter. Hsbc Holdings PLC now owns 8,676 shares of the financial services provider’s stock worth $509,000 after purchasing an additional 1,563 shares during the period. Empowered Funds LLC bought a new stake in Unity Bancorp during the 2nd quarter valued at approximately $1,517,000. Public Employees Retirement System of Ohio bought a new stake in Unity Bancorp during the 2nd quarter valued at approximately $199,000. Bank of America Corp DE acquired a new stake in Unity Bancorp in the 2nd quarter valued at approximately $1,240,000. Finally, Man Group plc acquired a new stake in Unity Bancorp in the 2nd quarter valued at approximately $712,000. Institutional investors own 42.31% of the company’s stock.

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.