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Unity Bancorp, Inc is a banks-regional business based in the US. Unity Bancorp shares (UNTY) are listed on the NASDAQ and all prices are listed in US Dollars. Unity Bancorp employs 206 staff and has a trailing 12-month revenue of around USD$70.4 million.
|52-week range||USD$9.329 - USD$20.76|
|50-day moving average||USD$19.3048|
|200-day moving average||USD$15.8723|
|Wall St. target price||USD$25|
|Dividend yield||USD$0.32 (1.64%)|
|Earnings per share (TTM)||USD$2.19|
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This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Valuing Unity Bancorp stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Unity Bancorp's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Unity Bancorp's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 9x. In other words, Unity Bancorp shares trade at around 9x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
|Revenue TTM||USD$70.4 million|
|Operating margin TTM||45.48%|
|Gross profit TTM||USD$70.4 million|
|Return on assets TTM||1.29%|
|Return on equity TTM||14.13%|
|Market capitalisation||USD$204.3 million|
TTM: trailing 12 months
There are currently 67,316 Unity Bancorp shares held short by investors – that's known as Unity Bancorp's "short interest". This figure is 13.1% up from 59,532 last month.
There are a few different ways that this level of interest in shorting Unity Bancorp shares can be evaluated.
Unity Bancorp's "short interest ratio" (SIR) is the quantity of Unity Bancorp shares currently shorted divided by the average quantity of Unity Bancorp shares traded daily (recently around 23373.611111111). Unity Bancorp's SIR currently stands at 2.88. In other words for every 100,000 Unity Bancorp shares traded daily on the market, roughly 2880 shares are currently held short.
However Unity Bancorp's short interest can also be evaluated against the total number of Unity Bancorp shares, or, against the total number of tradable Unity Bancorp shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Unity Bancorp's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Unity Bancorp shares in existence, roughly 10 shares are currently held short) or 0.009% of the tradable shares (for every 100,000 tradable Unity Bancorp shares, roughly 9 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Unity Bancorp.
Find out more about how you can short Unity Bancorp stock.
Dividend payout ratio: 14.61% of net profits
Recently Unity Bancorp has paid out, on average, around 14.61% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.65% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Unity Bancorp shareholders could enjoy a 1.65% return on their shares, in the form of dividend payments. In Unity Bancorp's case, that would currently equate to about $0.32 per share.
While Unity Bancorp's payout ratio might seem low, this can signify that Unity Bancorp is investing more in its future growth.
Unity Bancorp's most recent dividend payout was on 31 December 2020. The latest dividend was paid out to all shareholders who bought their shares by 16 December 2020 (the "ex-dividend date").
Unity Bancorp's shares were split on a 11:10 basis on 13 September 2016. So if you had owned 10 shares the day before before the split, the next day you'd have owned 11 shares. This wouldn't directly have changed the overall worth of your Unity Bancorp shares – just the quantity. However, indirectly, the new 9.1% lower share price could have impacted the market appetite for Unity Bancorp shares which in turn could have impacted Unity Bancorp's share price.
Over the last 12 months, Unity Bancorp's shares have ranged in value from as little as $9.329 up to $20.76. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Unity Bancorp's is 1.3938. This would suggest that Unity Bancorp's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Unity Bancorp, Inc. operates as the holding company for Unity Bank that provides commercial and retail banking products and services to individuals, small and medium sized businesses, and professional communities. It offers personal and business checking accounts, time deposits, money market accounts, and regular savings accounts. The company also provides commercial, small business administration, consumer, mortgage, home equity, and personal loans. As of December 31, 2019, it offered its financial services through the Internet and nineteen branch offices located in Bergen, Hunterdon, Middlesex, Somerset, Union, and Warren counties in New Jersey, as well as Northampton County, Pennsylvania. The company was founded in 1991 and is based in Clinton, New Jersey.
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