Unity Bancorp (NASDAQ:UNTY) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Unity Bancorp (NASDAQ:UNTY) announced its quarterly earnings data on Thursday. The financial services provider reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.01, Fidelity Earnings reports. The firm had revenue of $17.11 million during the quarter, compared to analyst estimates of $16.80 million. Unity Bancorp had a return on equity of 16.22% and a net margin of 27.95%.

NASDAQ:UNTY opened at $20.14 on Friday. The firm has a market capitalization of $218.72 million, a PE ratio of 10.02 and a beta of 0.73. The stock has a 50 day moving average of $21.20 and a 200-day moving average of $20.91. Unity Bancorp has a 52 week low of $16.74 and a 52 week high of $24.70. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.34.

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Thursday, September 12th. Unity Bancorp’s dividend payout ratio (DPR) is presently 15.92%.

Several equities analysts have recently commented on the company. Zacks Investment Research raised Unity Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. ValuEngine lowered Unity Bancorp from a “hold” rating to a “sell” rating in a report on Friday, June 21st.

Unity Bancorp Company Profile

Unity Bancorp, Inc operates as the holding company for Unity Bank that provides a range of banking products and 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 regular savings accounts.

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Earnings History for Unity Bancorp (NASDAQ:UNTY)

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