Last $9.71 USD
Change Today +0.57 / 6.30%
Volume 22.1K
UNTY On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

unity bancorp inc (UNTY) Snapshot

Open
$9.88
Previous Close
$9.13
Day High
$9.88
Day Low
$9.05
52 Week High
12/8/14 - $12.63
52 Week Low
02/28/14 - $7.16
Market Cap
81.3M
Average Volume 10 Days
13.6K
EPS TTM
$0.78
Shares Outstanding
8.4M
EX-Date
12/4/14
P/E TM
12.5x
Dividend
$0.12
Dividend Yield
1.10%
Current Stock Chart for UNITY BANCORP INC (UNTY)

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unity bancorp inc (UNTY) Details

Unity Bancorp, Inc. operates as a bank holding company for Unity Bank that provides financial services to retail, corporate, and small business customers. It accepts personal and business checking accounts, time deposits, money market accounts, and regular savings accounts, as well as noninterest-bearing demand deposits, interest-bearing demand deposits, and savings deposits. The company’s loan portfolio comprises commercial, small business administration, consumer, mortgage, home equity, and personal loans. It also offers investment products and services. As of March 6, 2014, the company offered its products and services through its 15 branches in Hunterdon, Middlesex, Somerset, Union, and Warren Counties in New Jersey; and Northampton County, Pennsylvania. Unity Bancorp, Inc. was founded in 1991 and is headquartered in Clinton, New Jersey.

148 Employees
Last Reported Date: 03/6/14
Founded in 1991

unity bancorp inc (UNTY) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $300.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $212.8K
Chief Operations Officer, Executive Vice Pres...
Total Annual Compensation: $195.3K
Compensation as of Fiscal Year 2013.

unity bancorp inc (UNTY) Key Developments

Unity Bancorp, Inc. Declares Cash Dividend, Payable on December 19, 2014

Unity Bancorp Inc. announced that its board of directors has declared a cash dividend of $0.03 per common share. Such dividend is payable on December 19, 2014, to shareholders of record as of December 8, 2014.

Unity Bancorp Inc. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Net Charge-Offs for the Third Quarter Ended September 30, 2014; Provides Net Interest Guidance for the Fourth Quarter of 2014

Unity Bancorp Inc. reported consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company’s net interest income was $7,632,000 against $6,871,000 a year ago. Income before provision for income taxes was $2,694,000 against $1,986,000 a year ago. Income available to common shareholders was $1,886,000 or $0.24 per diluted share against $1,183,000 or $0.15 per diluted share a year ago. Book value was $8.17 per common share against $7.41 per common share as at Sept. 30, 2012. Return on average assets and average common equity for the quarter were 0.82% and 11.89%, respectively, compared to 0.62% and 8.25% for the same period a year ago. For the nine months, the company’s net interest income was $22,225,000 against $20,362,000 a year ago. Income before provision for income taxes was $6,900,000 against $5,810,000 a year ago. Income available to common shareholders was $4,707,000 or $0.61 per diluted share against $2,860,000 or $0.36 per diluted share a year ago. Return on average assets and average common equity for the nine month periods were 0.70% and 10.47%, respectively, compared to 0.63% and 6.67% for the same period a year ago. Net charge-offs were $490,000 for the three months ended September 30, 2014, compared to $1.4 million for the same period a year ago. The company expected net interest income to continue to expand in future quarters due to strong loan growth as net interest margin remains stable.

Unity Bancorp Inc. Declares Cash Dividend Payable on September 26, 2014

Unity Bancorp Inc. announced that its Board of Directors has declared a cash dividend of $0.03 per common share. Such dividend is payable on September 26, 2014, to shareholders of record as of September 12, 2014.

 

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UNTY:US $9.71 USD +0.57

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Industry Analysis

UNTY

Industry Average

Valuation UNTY Industry Range
Price/Earnings 12.6x
Price/Sales 2.3x
Price/Book 1.2x
Price/Cash Flow 13.6x
TEV/Sales NM Not Meaningful
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