Unity Bancorp (UNTY) Earning Somewhat Favorable News Coverage, Analysis Finds

Media headlines about Unity Bancorp (NASDAQ:UNTY) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Unity Bancorp earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 47.0677588979628 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Shares of UNTY stock traded up $0.20 during trading hours on Wednesday, reaching $22.45. The company’s stock had a trading volume of 4,576 shares, compared to its average volume of 7,187. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 2.42. The stock has a market cap of $237.04, a PE ratio of 16.32 and a beta of 0.50. Unity Bancorp has a 12 month low of $15.35 and a 12 month high of $22.95.

Unity Bancorp (NASDAQ:UNTY) last issued its earnings results on Wednesday, January 24th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter. The company had revenue of $14.54 million during the quarter. Unity Bancorp had a return on equity of 12.84% and a net margin of 20.28%.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, March 15th. Unity Bancorp’s payout ratio is currently 20.00%.

Separately, ValuEngine cut Unity Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st.

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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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