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Unity Bancorp Inc

Unity Bancorp Inc

UNTY · NASDAQ · Financial Services / Banks - Regional

58.92USD+0.58 (+0.99%)

Price History

Full chart

Market Stats

Previous Close58.35
Open58.73
Day Range58.10 – 59.20
52-Week Range43.82 – 62.32
Volume33.80K
Market Cap561.68M
P/E (TTM)9.76
Forward P/E8.39
EPS5.73
Dividend Yield1.21%
Beta0.62
50-Day Avg58.87
200-Day Avg55.19

About

Unity Bancorp, Inc. operates as the bank holding company for Unity Bank that provides commercial and retail banking services. It offers personal and business checking, money market, savings, retirement, money market accounts, as well as time and noninterest and interest-bearing demand deposits. The company also provides commercial, small business administration, consumer, mortgage, and home equity and personal loans; and owner and non-owner-occupied commercial mortgages. In addition, it is involved in the residential construction, commercial, and industrial lending activities secured by business assets, including real estate, receivables, inventory, and equipment. Further, the company offers credit and debit cards, wire transfers, safe deposit boxes, automated teller, and internet and mobile banking services; automated clearing house origination and remote deposit capture services; and business services, such as escrow account, merchant, and online services. Unity Bancorp, Inc. was founded in 1991 and is headquartered in Clinton, New Jersey.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. David D. Dallas
  • Employees249
  • Headquarters64 Old Highway 22, Clinton, NJ, United States, 08809, USA
  • Websitehttps://www.unitybank.com

Leadership

  • Mr. David D. DallasFounder & Independent Chairman of the Board · b. 1955
  • Mr. George Allen Boyan III, J.D.President & Director · b. 1982
  • Mr. Vincent GeraciFirst Senior VP & Director of Mortgage Lending · b. 1968
  • Mr. Daniel SharabbaSenior VP & Chief Retail Officer · b. 1989
  • Mr. James DonovanFirst Senior VP & Chief Lending Officer · b. 1964
  • Mr. James R. DaviesFirst SVP, CFO, Principal Financial Officer & Principal Accounting Officer · b. 1992
  • Mr. David BoveSenior VP & Chief Information Officer · b. 1986
  • Christopher FenimoreFirst VP & Chief Compliance Officer
  • Crystal RoseFirst VP & Marketing Director
  • Rosemary FellnerSenior VP & Chief Experience Officer

Financials

Income Statement

Currency: USD1996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue13.30M18.00M21.90M29.30M35.68M29.28M32.29M33.24M33.80M42.03M50.81M54.84M55.00M54.16M49.10M44.20M41.86M40.56M44.10M49.38M55.01M62.93M76.45M84.11M91.02M95.78M108.27M150.72M163.07M188.41M
Growth (%)-+35.34%+21.67%+33.79%+21.78%-17.94%+10.26%+2.95%+1.68%+24.36%+20.91%+7.92%+0.29%-1.52%-9.34%-9.98%-5.31%-3.11%+8.73%+11.98%+11.41%+14.39%+21.48%+10.02%+8.22%+5.22%+13.04%+39.21%+8.19%+15.54%
Cost of Revenue5.20M6.80M8.00M14.40M17.04M13.10M10.92M8.63M8.18M13.45M20.98M26.02M27.97M29.58M21.29M17.35M11.77M8.88M9.86M8.16M9.99M11.10M15.57M20.16M21.48M7.92M14.90M51.66M61.08M60.54M
Gross Profit8.10M11.20M13.90M14.90M18.64M16.18M21.36M24.61M25.61M28.57M29.83M28.82M27.02M24.58M27.82M26.85M30.09M31.68M34.24M41.22M45.03M51.83M60.88M63.95M69.54M87.86M93.36M99.05M101.99M127.87M
Gross Margin60.90%62.22%63.47%50.85%52.25%55.26%66.17%74.04%75.79%67.99%58.71%52.55%49.14%45.38%56.65%60.75%71.87%78.11%77.65%83.48%81.85%82.36%79.64%76.04%76.40%91.73%86.23%65.72%62.55%67.87%
Operating Expense6.50M7.90M10.50M20.70M23.72M14.52M15.54M17.33M17.23M18.68M21.05M22.11M24.48M26.56M24.99M23.54M23.61M24.00M24.69M26.85M24.56M29.39M33.57M33.64M38.42M39.73M41.94M46.06M47.60M52.36M
Operating Income1.60M3.30M3.40M-5.80M-5.07M1.66M5.82M7.28M8.38M9.90M8.79M6.70M2.55M-1.98M2.83M3.31M6.47M7.68M9.55M14.37M20.47M22.43M27.31M30.32M31.12M48.13M51.42M52.99M54.39M75.51M
Operating Margin12.03%18.33%15.53%-19.80%-14.22%5.67%18.03%21.91%24.80%23.55%17.29%12.22%4.63%-3.65%5.76%7.50%15.46%18.94%21.66%29.10%37.20%35.65%35.72%36.04%34.19%50.25%47.50%35.16%33.35%40.08%
EBITDA2.00M3.70M3.80M-4.20M-3.43M2.88M7.02M8.16M9.42M10.93M9.62M7.78M3.14M-561.00K4.15M4.36M7.83M8.95M10.94M14.90M21.20M23.67M29.24M31.93M33.03M49.74M54.18M55.38M56.97M78.32M
EBITDA Margin15.04%20.56%17.35%-14.33%-9.62%9.82%21.74%24.57%27.87%26.01%18.94%14.18%5.71%-1.04%8.44%9.85%18.70%22.06%24.80%30.17%38.54%37.61%38.25%37.97%36.28%51.93%50.04%36.74%34.94%41.57%
Net Income1.00M2.00M2.10M-3.40M-5.91M2.04M3.71M4.58M5.33M6.21M5.84M4.72M1.93M-1.08M2.24M2.55M4.24M5.12M6.41M9.56M13.21M12.89M21.92M23.65M23.64M36.12M38.46M39.71M41.45M57.95M
Net Income Margin7.52%11.11%9.59%-11.60%-16.57%6.97%11.49%13.79%15.77%14.78%11.50%8.62%3.51%-2.00%4.56%5.76%10.14%12.61%14.53%19.35%24.01%20.49%28.67%28.12%25.98%37.71%35.52%26.35%25.42%30.76%
R&D---------------00000000-------
R&D as % of Total Revenue---------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense4.80M6.30M7.20M12.70M16.32M11.70M8.57M7.03M7.01M11.60M19.43M24.47M23.47M21.58M14.04M10.55M7.77M6.53M7.31M7.66M8.77M9.45M13.52M18.05M14.48M7.74M10.63M48.50M57.13M56.59M
Interest Expense % of Total Revenue36.09%35.00%32.88%43.34%45.74%39.96%26.55%21.14%20.74%27.61%38.24%44.63%42.68%39.85%28.58%23.87%18.57%16.10%16.57%15.51%15.94%15.02%17.68%21.47%15.91%8.08%9.82%32.18%35.03%30.04%

Balance Sheet

Currency: USD1996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets172.70M213.80M254.60M438.97M356.00M379.23M432.87M467.42M515.42M614.17M694.11M752.20M898.31M930.36M818.41M810.85M819.73M921.12M1.01B1.08B1.19B1.46B1.58B1.72B1.96B2.03B2.44B2.58B2.65B2.97B
Total Liabilities154.70M193.80M228.30M417.17M334.69M354.40M405.77M436.66M479.55M573.24M647.88M704.94M830.51M862.49M748.33M737.29M742.22M863.95M938.66M1.01B1.08B1.34B1.44B1.56B1.79B1.83B2.21B2.32B2.36B2.62B
Total Equity18.00M20.00M26.30M21.80M21.31M24.84M27.11M30.76M35.87M40.93M46.23M47.26M67.80M67.86M70.08M73.56M77.51M57.17M70.12M78.47M106.29M118.11M138.49M160.71M173.91M205.73M239.23M261.43M295.58M345.63M
Cash33.40M32.60M32.50M15.10M13.74M16.83M12.24M11.91M12.44M11.95M14.73M14.34M18.90M73.64M17.64M17.69M23.70M24.27M29.35M22.68M22.11M23.70M20.03M21.11M22.75M244.82M114.79M194.78M180.44M216.52M
Total Debt400.00K300.00K300.00K57.10M12.90M15.71M22.05M19.28M44.28M49.28M79.74M100.47M120.47M100.47M90.47M90.47M90.47M122.47M140.47M122.93M146.31M285.31M220.31M293.31M212.73M55.61M398.91M366.75M230.81M266.08M
Net Debt-33.00M-32.30M-32.20M42.00M-841.00K-1.13M9.81M7.36M31.84M37.33M65.02M86.13M101.56M26.83M72.83M-2.22M66.76M98.19M111.11M84.78M124.20M261.61M200.28M272.20M189.98M-189.21M284.12M171.97M50.38M49.56M

Cash Flow

Currency: USD1996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-400.00K900.00K-900.00K-6.50M-6.58M-3.61M9.19M3.65M9.21M2.03M7.21M-3.81M4.45M4.51M17.01M16.35M13.31M11.45M11.72M2.98M8.79M14.45M38.59M33.20M33.74M23.45M42.67M46.91M47.99M44.91M
Investing Cash Flow-40.50M-40.40M-37.70M-192.70M108.54M-45.58M-45.60M-39.87M-55.97M-58.13M-64.63M-66.93M-152.05M4.53M67.70M33.69M-5.62M-104.04M-60.40M-110.69M-81.83M-219.63M-140.65M-133.12M-186.78M-31.44M-541.28M-57.85M-92.81M-256.84M
Financing Cash Flow49.60M38.70M38.50M181.80M-71.84M20.78M49.82M32.40M43.75M71.45M74.09M51.62M145.72M30.16M-114.39M-11.40M3.94M97.81M79.10M66.04M90.78M249.54M97.32M112.41M214.33M33.49M368.59M90.92M30.49M248.01M
Capital Expenditure1.90M1.60M700.00K5.30M825.00K150.00K1.02M537.00K2.31M2.82M2.05M1.59M1.76M496.00K421.00K1.72M1.82M4.79M597.00K951.00K9.60M1.51M1.51M709.00K559.00K1.27M1.48M955.00K693.00K564.00K
Free Cash Flow-2.30M-700.00K-1.60M-11.80M-7.41M-3.76M8.17M3.11M6.90M-788.00K5.17M-5.40M2.69M4.02M16.55M14.64M11.49M6.66M11.12M2.03M-807.00K12.94M37.08M32.49M33.19M22.18M41.19M45.95M47.29M44.34M
Dividends Paid400.00K400.00K500.00K900.00K25.00K45.00K23.00K162.00K859.00K1.08M1.29M1.38M1.01M975.00K1.03M1.03M1.03M773.00K757.00K1.11M1.52M2.38M2.80M3.25M3.30M3.62M4.37M4.72M5.02M5.61M
FCF to OCF575.00%-77.78%177.78%181.54%112.53%104.15%88.94%85.28%74.97%-38.80%71.60%141.63%60.45%89.01%97.33%89.51%86.35%58.16%94.90%68.11%-9.18%89.56%96.09%97.86%98.34%94.59%96.53%97.96%98.56%98.74%
Dividend Paid to FCF-17.39%-57.14%-31.25%-7.63%-0.34%-1.20%0.28%5.21%12.44%-136.93%25.00%-25.50%37.52%24.27%6.23%7.05%8.98%11.61%6.81%54.60%-188.85%18.39%7.56%10.02%9.94%16.30%10.62%10.27%10.62%12.65%

Earnings

Report DateMar 31, 1998Jun 30, 1998Sep 30, 1998Mar 31, 1999Jun 30, 1999Sep 30, 1999Mar 31, 2000Jun 30, 2000Sep 30, 2000Mar 31, 2001Jun 30, 2001Sep 30, 2001Mar 31, 2002Jun 30, 2002Sep 30, 2002Mar 31, 2003Jul 16, 2003Oct 19, 2003Jan 26, 2004Apr 22, 2004Jul 22, 2004Oct 19, 2004Jan 19, 2005Apr 20, 2005Jul 20, 2005Oct 19, 2005Jan 25, 2006Apr 20, 2006Jul 19, 2006Oct 19, 2006Jan 30, 2007Apr 24, 2007Jul 20, 2007Oct 18, 2007Jan 30, 2008Apr 23, 2008Jul 29, 2008Oct 24, 2008Feb 5, 2009Apr 23, 2009Jul 30, 2009Oct 22, 2009Feb 3, 2010Apr 22, 2010Jul 22, 2010Oct 21, 2010Feb 3, 2011Apr 28, 2011Jul 21, 2011Oct 20, 2011Feb 2, 2012Apr 19, 2012Jul 19, 2012Oct 18, 2012Feb 7, 2013Apr 25, 2013Jul 25, 2013Oct 24, 2013Jan 28, 2014Apr 24, 2014Jul 31, 2014Oct 23, 2014Feb 4, 2015Apr 22, 2015Jul 20, 2015Oct 21, 2015Jan 27, 2016Apr 25, 2016Jul 25, 2016Oct 25, 2016Jan 26, 2017Apr 24, 2017Jul 25, 2017Oct 19, 2017Jan 24, 2018Apr 24, 2018Jul 19, 2018Oct 18, 2018Jan 23, 2019Apr 18, 2019Jul 18, 2019Oct 18, 2019Jan 23, 2020Apr 20, 2020Jul 23, 2020Oct 21, 2020Jan 22, 2021Apr 15, 2021Jul 14, 2021Oct 15, 2021Jan 20, 2022Apr 14, 2022Jul 14, 2022Oct 14, 2022Jan 13, 2023Apr 17, 2023Jul 14, 2023Oct 13, 2023Jan 12, 2024Apr 11, 2024Jul 12, 2024Oct 11, 2024Jan 15, 2025Apr 11, 2025Jul 15, 2025Oct 14, 2025Jan 13, 2026Apr 14, 2026Jul 14, 2026Oct 13, 2026
EPS Estimate----------------------------------------0.03--0.05-0.02--------------------------------0.480.510.530.490.530.530.540.480.390.460.600.730.790.810.860.810.860.921.010.910.870.890.860.900.910.951.061.131.181.291.361.381.441.50
EPS Actual0.080.140.150.09-0.07-0.31-0.18-0.07-0.63-0.000.01-0.150.100.110.110.140.150.160.120.150.160.170.170.160.190.200.210.190.200.190.110.160.180.130.080.150.14-0.130.070.04-0.20-0.15-0.030.050.040.04-0.04-0.020.030.080.020.060.070.090.090.090.100.140.150.150.180.220.180.210.260.270.280.440.300.320.320.300.320.350.390.480.490.500.530.520.530.540.550.490.470.540.690.800.800.900.920.850.880.930.930.960.950.970.960.930.931.071.131.131.611.411.521.401.42-
Surprise-----------------------------------------766.67%-40.00%350.00%--------------------------------2.08%-1.96%0.00%6.12%0.00%1.89%1.85%2.08%20.51%17.39%15.00%9.59%1.27%11.11%6.98%4.94%2.33%1.09%-7.92%5.49%9.20%8.99%11.63%3.33%2.20%12.63%6.60%0.00%36.44%9.30%11.76%1.45%-1.39%-
Timing---------------------------------------------------------------Pre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap561.68M
Enterprise Value641.73M
Trailing P/E9.76
Forward P/E8.39
PEG Ratio0.99
Price / Sales4.31
Price / Book1.57
EPS5.73
Book Value37.02
Revenue (TTM)130.43M
Gross Profit (TTM)130.43M
Profit Margin44.95%
Operating Margin58.17%
Return on Equity16.95%
Return on Assets1.92%
Shares Outstanding10.04M
Shares Float7.34M
Beta0.62
Dividend Yield1.21%
Dividend Rate0.68
Payout Ratio11.13%

Analyst Ratings

Buy
Based on 3 analystsTarget 68.55
  • Strong Buy
    1
  • Buy
    2

Ownership Breakdown

Institutions
54.65%
Insiders
27.30%
Retail / Other
18.05%

Top Institutional Holders

  • BlackRock Inc
    507.93K5.06%
  • Dimensional Fund Advisors, Inc.
    452.07K4.50%
  • Banc Funds Co LLC
    375.47K3.74%
  • AllianceBernstein L.P.
    363.86K3.62%
  • Vanguard Capital Management, LLC
    303.25K3.02%
  • American Century Companies Inc
    265.76K2.65%
  • Geode Capital Management, LLC
    168.76K1.68%
  • Pacific Ridge Capital Partners, LLC
    157.62K1.57%
  • State Street Corp
    147.91K1.47%
  • Morgan Stanley - Brokerage Accounts
    143.12K1.43%
  • Maltese Capital Management LLC
    142.33K1.42%
  • Wellington Management Company LLP
    130.04K1.29%
  • Royce & Associates, LP
    128.43K1.28%
  • JPMorgan Chase & Co
    87.08K0.87%
  • Bridgeway Capital Management, LLC
    86.00K0.86%
  • Vanguard Portfolio Management, LLC
    84.82K0.84%
  • Kennedy Capital Management Inc
    82.32K0.82%

Top Fund Holders

  • Avantis US Small Cap Value ETF
    241.77K2.41%
  • Vanguard MStar Total Stk Mkt Idx Invest
    219.50K2.19%
  • iShares Russell 2000 ETF
    199.58K1.99%

Dividends

20263×
0.17Sep 3, 20260.16Jun 4, 20260.16Mar 6, 2026
20254×
0.15Dec 5, 20250.15Sep 5, 20250.14Jun 6, 20250.14Mar 14, 2025
20244×
0.13Dec 13, 20240.13Sep 6, 20240.13Jun 7, 20240.13Mar 14, 2024
20234×
0.12Dec 14, 20230.12Sep 7, 20230.12Jun 8, 20230.12Mar 9, 2023
20224×
0.11Dec 15, 20220.11Sep 8, 20220.11Jun 9, 20220.10Mar 10, 2022
20214×
0.10Dec 16, 20210.09Sep 9, 20210.09Jun 10, 20210.08Mar 11, 2021
20201×
0.08Dec 16, 2020

Stock Splits

  • Sep 13, 201611:10
  • Jun 11, 2008105:100
  • Jun 13, 2007105:100
  • Jun 14, 2006105:100
  • Jun 13, 2005105:100
  • Jun 14, 2004105:100
  • Feb 24, 2003105:100
  • Dec 17, 1998105:100
  • Jun 2, 19983:2