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 228 employees.

Stock update

Shares of Unity Bancorp Inc opened at $22.8 at the start of the last trading session i.e. 2023-06-02.

The stocks traded within a range of $22.8 - $23.39, and closed at $23.39.

This is a +2.77% increase from the previous day's closing price.

A total volume of 23,175 shares were traded at the close of the day’s session.

In the last one week, shares of Unity Bancorp Inc have increased by +3.04%.

Unity Bancorp Inc's Key Ratios

Unity Bancorp Inc has a market cap of $229.16 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 $96.89 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 56.42% while its return on assets stood at 1.75% with a return of equity of 17.41%.

In Q1, Unity Bancorp Inc’s quarterly earnings growth was a positive 12.9% while revenue growth was a positive 13%.

Unity Bancorp Inc’s PE and PEG Ratio

Forward PE

7.9114

Trailing PE

6.1514

PEG

0

Its diluted EPS in the last 12-months stands at $3.7 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 $0.45 per share, indicating a yield of 2.11% and a payout ratio of 12.43%.

Balance sheet and cash flow metrics

Total Assets

$2.48 billion

Total Liabilities

$932000.00

Operating Cash Flow

$-19945000.00

Capital Expenditure

$195000

Dividend Payout Ratio

12.43%

Unity Bancorp Inc ended 2023 with $2.48 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $2.48 billion while shareholder equity stood at $240.46 million.

Unity Bancorp Inc ended 2023 with $0 in deferred long-term liabilities, $932000.00 in other current liabilities, 98197000.00 in common stock, $165.34 million in retained earnings and $1.52 million in goodwill. Its cash balance stood at $127.09 million and cash and short-term investments were $221.20 million. The company’s total short-term debt was $0 while long-term debt stood at $384.31 million.

Unity Bancorp Inc’s total current assets stands at $235.51 million while long-term investments were $138.26 million and short-term investments were $94.11 million. Its net receivables were $14.31 million compared to accounts payable of $932000.00 and inventory worth $0.

In 2023, Unity Bancorp Inc's operating cash flow was $-19945000.00 while its capital expenditure stood at $195000.

Comparatively, Unity Bancorp Inc paid $0.12 in dividends in 2023.

Other key metrics

Current Trading Price

$23.39

52-Week High

$29.62

52-Week Low

$20.01

Analyst Target Price

$28

Unity Bancorp Inc stock is currently trading at $23.39 per share. It touched a 52-week high of $29.62 and a 52-week low of $29.62. Analysts tracking the stock have a 12-month average target price of $28.

Its 50-day moving average was $22.35 and 200-day moving average was $25.63 The short ratio stood at 3.83 indicating a short percent outstanding of 0%.

Around 2711.1% of the company’s stock are held by insiders while 5164.6% are held by institutions.