Media headlines about Unity Bancorp (NASDAQ:UNTY) have trended somewhat positive this week, Accern reports. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Unity Bancorp earned a news impact score of 0.07 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.9963623357698 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Unity Bancorp (NASDAQ UNTY) opened at 18.10 on Wednesday. The firm has a market capitalization of $191.24 million, a P/E ratio of 14.37 and a beta of 0.44. The stock’s 50 day moving average price is $17.66 and its 200 day moving average price is $16.98. Unity Bancorp has a 12 month low of $11.85 and a 12 month high of $18.90.
Unity Bancorp (NASDAQ:UNTY) last posted its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.32 earnings per share for the quarter. The company had revenue of $13.17 million during the quarter. Unity Bancorp had a net margin of 21.65% and a return on equity of 12.32%.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, September 14th. Unity Bancorp’s payout ratio is 19.05%.
Separately, ValuEngine upgraded Unity Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
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Unity Bancorp Company Profile
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.
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