Unity Bancorp Inc

Company Profile

Unity Bancorp Inc had its IPO on 1997-01-20 under the ticker symbol UNTY.

The company operates in the Financial Services sector and Banks-Regional industry. Unity Bancorp Inc has a staff strength of 230 employees.

Stock update

Shares of Unity Bancorp Inc opened at $23.86 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $23.86 - $24.38, and closed at $24.04.

This is a +1.61% increase from the previous day's closing price.

A total volume of 11,618 shares were traded at the close of the day’s session.

In the last one week, shares of Unity Bancorp Inc have slipped by -2.02%.

Unity Bancorp Inc's Key Ratios

Unity Bancorp Inc has a market cap of $239.80 million, indicating a price to book ratio of 1.2284 and a price to sales ratio of 3.033.

In the last 12-months Unity Bancorp Inc’s revenue was $98.43 million with a gross profit of $93.99 million and an EBITDA of $0. The EBITDA ratio measures Unity Bancorp Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Unity Bancorp Inc’s operating margin was 56.47% while its return on assets stood at 1.71% with a return of equity of 17.16%.

In Q2, Unity Bancorp Inc’s quarterly earnings growth was a positive 8% while revenue growth was a positive 6.6%.

Unity Bancorp Inc’s PE and PEG Ratio

Forward PE

7.9114

Trailing PE

6.2926

PEG

0

Its diluted EPS in the last 12-months stands at $3.76 per share while it has a forward price to earnings multiple of 7.9114 and a PEG multiple of 0. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Unity Bancorp Inc’s profitability.

Unity Bancorp Inc stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 3.033.

Unity Bancorp Inc stock pays annual dividends of $0.46 per share, indicating a yield of 2.03% and a payout ratio of 12.47%.

Balance sheet and cash flow metrics

Total Assets

$2.55 billion

Total Liabilities

$715000.00

Operating Cash Flow

$-39316000.00

Capital Expenditure

$385000

Dividend Payout Ratio

12.47%

Unity Bancorp Inc ended 2024 with $2.55 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $2.55 billion while shareholder equity stood at $244.07 million.

Unity Bancorp Inc ended 2024 with $0 in deferred long-term liabilities, $715000.00 in other current liabilities, 98910000.00 in common stock, $173.82 million in retained earnings and $1.52 million in goodwill. Its cash balance stood at $151.23 million and cash and short-term investments were $244.20 million. The company’s total short-term debt was $0 while long-term debt stood at $433.31 million.

Unity Bancorp Inc’s total current assets stands at $259.06 million while long-term investments were $137.06 million and short-term investments were $92.97 million. Its net receivables were $14.86 million compared to accounts payable of $715000.00 and inventory worth $0.

In 2024, Unity Bancorp Inc's operating cash flow was $-39316000.00 while its capital expenditure stood at $385000.

Comparatively, Unity Bancorp Inc paid $0.12 in dividends in 2024.

Other key metrics

Current Trading Price

$24.04

52-Week High

$29.3255

52-Week Low

$19.811

Analyst Target Price

$28.67

Unity Bancorp Inc stock is currently trading at $24.04 per share. It touched a 52-week high of $29.3255 and a 52-week low of $29.3255. Analysts tracking the stock have a 12-month average target price of $28.67.

Its 50-day moving average was $24.85 and 200-day moving average was $24.56 The short ratio stood at 2.17 indicating a short percent outstanding of 0%.

Around 2802.7% of the company’s stock are held by insiders while 5057.1% are held by institutions.