Unity Bancorp Inc
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- Market Cap.:
- $229.16 million
- Book Value:
- Revenue TTM:
- $96.89 million
- Operating Margin TTM:
- Gross Profit TTM:
- $93.99 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
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.
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
- Trailing PE
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
- Operating Cash Flow
- Capital Expenditure
- Dividend Payout Ratio
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
- 52-Week High
- 52-Week Low
- Analyst Target Price
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.
Frequently Asked Questions About Unity Bancorp Inc
Similar Industry Stocks (Banks-Regional)
Unity Bancorp, Inc. operates as a bank holding company for Unity Bank that provides commercial and retail banking services to individuals, small and medium sized businesses, and professional communities. The company offers personal and business checking accounts, time deposits, money market accounts, and savings accounts, as well as noninterest and interest-bearing demand deposits. It also provides small business administration loans; commercial loans; and residential mortgage and consumer loans, including residential real estate, home equity lines and loans, and residential construction lines, as well as personal loans. The company was incorporated in 1991 and is based in Clinton, New Jersey.