| Market cap | $289.56M |
|---|---|
| Enterprise value | N/A |
| Revenue | $99.669M |
|---|---|
| EBITDA | N/A |
| Income | $39.006M |
| Revenue Q/Q | -1.20% |
| Revenue Y/Y | 2.87% |
| P/E | 7.08 |
|---|---|
| Forward P/E | 6.37 |
| EV/Sales | 7.18 |
| EV/EBITDA | N/A |
| EV/EBIT | 16.34 |
| PEG | N/A |
| Price/Sales | 2.91 |
| P/FCF | 6.02 |
| Price/Book | 1.11 |
| Book/Share | 24.67 |
| Cash/Share | N/A |
| FCF yield | 16.61% |
| Volume | 15.679k / 11.122k |
|---|---|
| Relative vol. | 1.41 × |
| EPS | 3.86 |
|---|---|
| EPS Q/Q | 3.33% |
| Est. EPS Q/Q | 7.61% |
| Profit margin | 39.72% |
|---|---|
| Oper. margin | 52.16% |
| Gross margin | 100.00% |
| EBIT margin | 52.16% |
| EBITDA margin | 49.14% |
| Ret. on assets | 1.52% |
|---|---|
| Ret. on equity | 15.23% |
| ROIC | 2.11% |
| ROCE | 2.02% |
| Debt/Equity | 8.86 |
|---|---|
| Net debt/EBITDA | 7.31 |
| Current ratio | N/A |
| Quick ratio | N/A |
| Volatility | 2.71% |
|---|---|
| Beta | 0.81 |
| RSI | 50.37 |
|---|
| Insider ownership | 29.54% |
|---|---|
| Inst. ownership | 52.13% |
| Shares outst. | 10.039M |
|---|---|
| Shares float | 0.000 0.00% |
| Short % of float | 1.07% |
| Short ratio | 2.97 |
| Dividend | $0.50 |
|---|---|
| Dividend yield | 1.85% |
| Payout ratio | 12.95% |
| Payment date | N/A |
| Ex-dividend date | N/A |
| Earnings date | 12 Jul 2024 |
Friday, 5 January 2024
|
|
| Unity Bancorp Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release | |
Monday, 4 December 2023
|
|
| Bar Harbor Surges 5.5%: Is This an Indication of Further Gains? | |
Thursday, 4 May 2023
|
|
| What Bank Turmoil? Insiders Are Scooping Up Bank Stocks. | |
Friday, 17 March 2023
|
|
| David Dallas Is The Founder & Chairman of the Board of Unity Bancorp, Inc. And They Just Picked Up 34% More Shares | |
Saturday, 4 March 2023
|
|
| Why You Might Be Interested In Unity Bancorp, Inc. For Its Upcoming Dividend | |
Saturday, 5 September 2020
|
|
| Should You Buy Unity Bancorp, Inc. For Its Upcoming Dividend? | |
Thursday, 4 June 2020
|
|
| Unity Bancorp, Inc. : Hedge Fund Sentiment Unchanged | |
Friday, 22 May 2020
|
|
| Did Unity Bancorp's Share Price Deserve to Gain 68%? | |
Wednesday, 22 April 2020
|
|
| Here's What Analysts Are Forecasting For Unity Bancorp, Inc. After Its First-Quarter Results | |
Thursday, 16 April 2020
|
|
| How Does Unity Bancorp, Inc. Fare As A Dividend Stock? | |
Monday, 30 March 2020
|
|
| 6 Banks Trading With Low Price-Sales Ratios | |
Tuesday, 17 March 2020
|
|
| How Does Unity Bancorp's P/E Compare To Its Industry, After The Share Price Drop? | |
Friday, 13 March 2020
|
|
| Are You Looking for a High-Growth Dividend Stock? Unity Bancorp Could Be a Great Choice | |
Wednesday, 15 January 2020
|
|
| Unity Bancorp Q4 Earnings Preview: What's in the Cards? | |
Sunday, 22 December 2019
|
|
| Should You Buy Unity Bancorp, Inc. ? | |
Monday, 18 November 2019
|
|
| Is Unity Bancorp a Great Stock for Value Investors? | |
Thursday, 17 October 2019
|
|
| Unity Bancorp Beats Q3 Earnings and Revenue Estimates | |
| Insider |
Trans.
Transaction
|
Total value |
|---|---|---|
| Vincent Geraci Director Mortgage Lending/SVP | Sale 1 May 2024 | $70,694 |
| James A Hughes President/CEO | Option 5 Mar 2024 | $29,094 |
| James A Hughes President/CEO | Option 31 Jan 2024 | $2,733 |
| Mary E. Gross | Option 29 Jan 2024 | $23,601 |
| James A Hughes President/CEO | Option 25 Jan 2024 | $7,975 |
| Mary E. Gross | Option 25 Jan 2024 | $2,027 |
| Vincent Geraci Director Mortgage Lending/SVP | Option 23 Jan 2024 | $46,600 |
| Mary E. Gross | Option 23 Jan 2024 | $54,076 |
| Raj Patel | Option 15 Dec 2023 | $99,308 |
| Mary E. Gross | Option 29 Nov 2023 | $120,175 |
| James A Hughes President/CEO | Option 3 Oct 2023 | $10,513 |
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Price target
Current $27.10
Average $19.67
Low $18
High $21
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +11.63% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 1.85% | Growth period | 10 years |
| Last dividend date | Yield 3 years | 1.68% | Growth 3 years | +14.47% | |
| Last dividend | Yield 5 years | 1.65% | Growth 5 years | +12.20% |
| Insider | Age | Since | Compensation |
|---|---|---|---|
| James Hughes (61) President, Chief Executive Officer, Director of the Company, and the Bank since 2020 | 61 | 2020 | $2,320,000 |
| James A. Hughes (62) Pres, CEO, and Director | 62 | $1,303,899 | |
| Vincent Geraci | $973,838 | ||
| John Kauchak (66) Chief Operating Officer, Executive Vice President of the Company, and the Bank since 2002 | 66 | 2002 | $513,171 |
| Janice Bolomey (51) Chief Administrative Officer, Executive Vice President of the Company, and Bank since 2013 | 51 | 2013 | $505,912 |
| John J. Kauchak (68) Exec. VP and COO | 68 | $379,486 | |
| Janice Bolomey (53) Chief Admin. Officer, Exec. VP, and Director of Sales | 53 | $376,545 | |
| Stephen Rooney (57) Chief Credit Officer since 2020 | 57 | 2020 | $321,539 |
| Stephen F. Rooney (58) First Sr. VP and Chief Lending Officer | 58 | $262,782 | |
| David Dallas (65) Chairman of the Board of the Company and Bank since 2004 | 65 | 2004 | $57,784 |
| Allen Tucker (93) Independent Vice Chairman of the Board of the Company and the Bank since 2000 | 93 | 2000 | $56,484 |
| Wayne Courtright (72) Independent Director of the Company and the Bank since 2004 | 72 | 2004 | $51,984 |
| Peter Maricondo (73) Independent Director of the Company and the Bank since 2004 | 73 | 2004 | $49,984 |
| Mary Gross (59) Independent Director of the Company and the Bank since 2011 | 59 | 2011 | $48,784 |
| Mark Brody (67) Independent Director of the Company and the Bank since 2002 | 67 | 2002 | $47,184 |
| Aaron Tucker (57) Independent Director of the Company and the Bank since 2015 | 57 | 2015 | $47,170 |
| Robert Dallas (73) Director of the Company and the Bank since 1991 | 73 | 1991 | $45,970 |
| Raj Patel (65) Independent Director of the Company and the Bank since 2008 | 65 | 2008 | $44,470 |
| Donald Souders (54) Independent Director of the Company and the Bank since 2014 | 54 | 2014 | $38,370 |
| Adam Kuras | 2020 | ||
| Laureen Cook (52) Interim Principal Financial Officer, Senior Vice President, and Chief Accounting Officer since 2020 | 52 | 2020 | |
| George Allen Boyan III, J.D. | |||
| David D. Dallas (66) Founder and Chairman | 66 | ||
| Michelle Kirmser | |||
| Christopher Fenimore | |||
| David Bove | |||
| Robert H. Dallas II (74) Founder and Director | 74 |
unity bank provides financial services to retail and business customers through our branches located in hunterdon, middlesex, somerset, union and warren counties in new jersey and northampton county in pennsylvania. unity bank is a community-oriented commercial bank offering a variety of accounts, as well as a complete suite of business products and on-line services.
- Finance > Regional Banks
- Unity Bancorp, Inc., 64 Old Highway 22, Clinton 08809, United States
- 908 730 7630
- Investor relations
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +11.63% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 1.85% | Growth period | 10 years |
| Last dividend date | Yield 3 years | 1.68% | Growth 3 years | +14.47% | |
| Last dividend | Yield 5 years | 1.65% | Growth 5 years | +12.20% |
Quarterly EPS estimates
Profit margin
Debt to assets
Cash flow
Balance sheet
XSLX
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Current assets | |||||
| Cash | $182.986 | $194.776 | |||
| Short term investments | |||||
| Net receivables | |||||
| Inventory | |||||
| Total current assets | |||||
| Long term investments | |||||
| Property, plant & equipment | $19.281 | $19.567 | |||
| Goodwill & intangible assets | $1.516 | $1.516 | |||
| Total noncurrent assets | |||||
| Total investments | $2,302.975 | $2,300.333 | |||
| Total assets | $2,568.088 | $2,578.507 | |||
| Current liabilities | |||||
| Accounts payable | |||||
| Deferred revenue | |||||
| Short long term debt | |||||
| Total current liabilities | |||||
| Long term debt | |||||
| Total noncurrent liabilities | |||||
| Total debt | $309.707 | $366.748 | |||
| Total liabilities | $2,301.327 | $2,317.077 | |||
| Stockholders' equity | |||||
| Retained earnings | $199.38 | $191.108 | |||
| Other stockholder equity | -$2.852 | -$2.737 | |||
| Total stockholder equity | $266.761 | $261.43 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Current assets | ||||
| Cash | $194.776 | $114.793 | ||
| Short term investments | ||||
| Net receivables | ||||
| Inventory | ||||
| Total current assets | ||||
| Long term investments | ||||
| Property, plant & equipment | $19.567 | $20.002 | ||
| Goodwill & intangible assets | $1.516 | $1.516 | ||
| Total noncurrent assets | ||||
| Total investments | $2,300.333 | $2,241.373 | ||
| Total assets | $2,578.507 | $2,444.948 | ||
| Current liabilities | ||||
| Accounts payable | ||||
| Deferred revenue | ||||
| Short long term debt | ||||
| Total current liabilities | ||||
| Long term debt | ||||
| Total noncurrent liabilities | ||||
| Total debt | $366.748 | $393.31 | ||
| Total liabilities | $2,317.077 | $2,205.721 | ||
| Stockholders' equity | ||||
| Retained earnings | $191.108 | $156.958 | ||
| Other stockholder equity | -$2.737 | -$3.26 | ||
| Total stockholder equity | $261.43 | $239.227 | ||
Income statement
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Revenue | |||||
| Total revenue | $24.916 | $24.851 | |||
| Cost of revenue | |||||
| Gross profit | $24.916 | $24.851 | |||
| Operating activities | |||||
| Research & development | |||||
| Selling, general & administrative | $11.409 | $11.051 | |||
| Total operating expenses | $12.132 | $11.802 | |||
| Operating income | $12.784 | $13.049 | |||
| Income from continuing operations | |||||
| EBIT | $12.784 | $13.049 | |||
| Income tax expense | $3.198 | $3.279 | |||
| Interest expense | |||||
| Net income | |||||
| Net income | $9.586 | $9.77 | |||
| Income (for common shares) | $9.586 | $9.77 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $99.971 | $93.994 | ||
| Cost of revenue | ||||
| Gross profit | $99.971 | $93.994 | ||
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $44.343 | $41.033 | ||
| Total operating expenses | $46.976 | $42.573 | ||
| Operating income | $52.995 | $51.421 | ||
| Income from continuing operations | ||||
| EBIT | $52.995 | $51.421 | ||
| Income tax expense | $13.288 | $12.964 | ||
| Interest expense | ||||
| Net income | ||||
| Net income | $39.707 | $38.457 | ||
| Income (for common shares) | $39.707 | $38.457 | ||
Cash flows
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Net income | $9.586 | $9.77 | |||
| Operating activities | |||||
| Depreciation | $0.554 | $0.305 | |||
| Business acquisitions & disposals | |||||
| Stock-based compensation | $0.476 | $0.482 | |||
| Total cash flows from operations | $15.762 | $24.902 | |||
| Investing activities | |||||
| Capital expenditures | -$0.078 | -$0.161 | |||
| Investments | -$2.947 | $3.958 | |||
| Total cash flows from investing | -$3.025 | $3.798 | |||
| Financing activities | |||||
| Dividends paid | -$1.261 | -$1.172 | |||
| Sale and purchase of stock | -$3.355 | -$1.523 | |||
| Net borrowings | -$57.041 | -$32.172 | |||
| Total cash flows from financing | -$24.527 | $4.629 | |||
| Effect of exchange rate | |||||
| Change in cash and equivalents | -$11.79 | $33.329 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Net income | $39.707 | $38.457 | ||
| Operating activities | ||||
| Depreciation | $2.383 | $2.756 | ||
| Business acquisitions & disposals | ||||
| Stock-based compensation | $1.751 | $1.681 | ||
| Total cash flows from operations | $46.909 | $42.669 | ||
| Investing activities | ||||
| Capital expenditures | -$0.955 | -$1.482 | ||
| Investments | -$59.29 | -$540.269 | ||
| Total cash flows from investing | -$57.847 | -$541.283 | ||
| Financing activities | ||||
| Dividends paid | -$4.721 | -$4.373 | ||
| Sale and purchase of stock | -$14.408 | $1.315 | ||
| Net borrowings | -$26.562 | $343 | ||
| Total cash flows from financing | $90.921 | $368.589 | ||
| Effect of exchange rate | ||||
| Change in cash and equivalents | $79.983 | -$130.025 | ||
Recent institutional transactions
| Quarter | Shareholder | Change |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|---|
| 2024 Q2 | Gamma Investing |
+38.89%
|
25 | $739 |
| 2024 Q1 | Wellington Management Group LL.P. |
-16.69%
|
354,490 | $9,783,924 |
| 2024 Q1 | Kennedy Capital Management |
-50.42%
|
59,642 | $1,646,119 |
| 2024 Q1 | Jpmorgan Chase & Co |
+822.25%
|
56,082 | $1,547,862 |
| 2024 Q1 | Blackrock |
-4.25%
|
438,248 | $12,095,644 |
| 2024 Q1 | Invesco |
+259.25%
|
24,860 | $686,136 |
| 2024 Q1 | Royce & Associates L.P. |
+5.25%
|
224,365 | $6,192,474 |
| 2024 Q1 | Dimensional Fund Advisors L.P. |
+1.83%
|
473,428 | $13,066,623 |
| 2024 Q1 | Cetera Investment Advisers |
Opened
|
7,825 | $215,976 |
| 2024 Q1 | O'shaughnessy Asset Management |
+75.19%
|
16,552 | $456,830 |
Institutional shareholders
| Shareholder | Stake |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|
| Banc Funds Co | 9.88% | 991,614 | |
| Fourthstone | 4.74% | 475,564 | |
| Dimensional Fund Advisors L.P. | 4.72% | 473,428 | |
| Blackrock | 4.37% | 438,248 | |
| Vanguard Group Inc | 4.06% | 407,711 | |
| Wellington Management Group LL.P. | 3.53% | 354,490 | |
| Alliancebernstein L.P. | 3.11% | 312,139 | |
| Pacific Ridge Capital Partners | 2.24% | 224,935 | |
| Royce & Associates L.P. | 2.23% | 224,365 | |
| Fmr | 1.45% | 145,415 |
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