Unity Bancorp, Inc. (NASDAQ:UNTY) Set to Announce Earnings on Monday
Unity Bancorp (NASDAQ:UNTY) last released its quarterly earnings data on Monday, April 24th. The financial services provider reported $0.30 EPS for the quarter. The firm had revenue of $12.59 million during the quarter. Unity Bancorp had a net margin of 21.24% and a return on equity of 12.55%. On average, analysts expect Unity Bancorp to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Unity Bancorp, Inc. (NASDAQ:UNTY) traded down 0.28% during trading on Friday, reaching $17.90. 12,412 shares of the company’s stock were exchanged. Unity Bancorp, Inc. has a 52-week low of $11.09 and a 52-week high of $18.30. The stock’s 50-day moving average price is $16.98 and its 200-day moving average price is $16.68. The company has a market capitalization of $188.56 million, a price-to-earnings ratio of 14.45 and a beta of 0.41.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 29th. Investors of record on Thursday, June 15th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.34%. This is a positive change from Unity Bancorp’s previous quarterly dividend of $0.05. The ex-dividend date was Tuesday, June 13th. Unity Bancorp’s dividend payout ratio is presently 19.35%.
Separately, ValuEngine upgraded Unity Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.
Unity Bancorp Company Profile
Unity Bancorp, Inc is a bank holding company that serves as a holding company for Unity Bank (the Bank). The Company’s primary business is ownership and supervision of the Bank. The Company, through the Bank, conducts a traditional and community-oriented commercial banking business and offers services, such as personal and business checking accounts, time deposits, money market accounts and regular savings accounts.
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