News coverage about Unity Bancorp (NASDAQ:UNTY) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Unity Bancorp earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 47.0677588979628 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Unity Bancorp (NASDAQ UNTY) traded down $0.20 during midday trading on Wednesday, reaching $22.50. The company’s stock had a trading volume of 1,459 shares, compared to its average volume of 7,014. Unity Bancorp has a twelve month low of $15.35 and a twelve month high of $22.95. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 2.42. The stock has a market capitalization of $242.91, a P/E ratio of 18.51 and a beta of 0.50.
Unity Bancorp (NASDAQ:UNTY) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.39 earnings per share for the quarter. Unity Bancorp had a return on equity of 12.84% and a net margin of 20.28%. The business had revenue of $14.54 million for the quarter.
Separately, ValuEngine downgraded Unity Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
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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