Unity Bancorp (UNTY) Set to Announce Quarterly Earnings on Wednesday

Unity Bancorp (NASDAQ:UNTY) is scheduled to announce its earnings results on Wednesday, January 24th.

Unity Bancorp (NASDAQ:UNTY) last issued its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.35 EPS for the quarter. Unity Bancorp had a net margin of 22.16% and a return on equity of 12.21%. The business had revenue of $13.83 million during the quarter.

Unity Bancorp (UNTY) opened at $20.30 on Wednesday. Unity Bancorp has a one year low of $15.35 and a one year high of $20.95. The firm has a market cap of $215.26, a P/E ratio of 15.74 and a beta of 0.45. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.40.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Thursday, December 14th. Unity Bancorp’s dividend payout ratio is 18.60%.

Separately, ValuEngine downgraded shares of Unity Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

In other Unity Bancorp news, CEO James A. Hughes sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $20.34, for a total transaction of $101,700.00. Following the completion of the transaction, the chief executive officer now owns 102,855 shares of the company’s stock, valued at $2,092,070.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 29.63% of the stock is currently owned by company insiders.

A hedge fund recently bought a new stake in Unity Bancorp stock. California State Teachers Retirement System bought a new stake in shares of Unity Bancorp, Inc. (NASDAQ:UNTY) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 13,700 shares of the financial services provider’s stock, valued at approximately $236,000. California State Teachers Retirement System owned approximately 0.13% of Unity Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 47.31% of the company’s stock.

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About Unity Bancorp

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.

Earnings History for Unity Bancorp (NASDAQ:UNTY)

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