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Unity Bancorp Inc (UNTY) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Unity Bancorp Inc (UNTY) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Unity Bancorp Inc conducts a traditional and community-oriented commercial banking business and offers services, including personal and business checking accounts, time deposits, money market accounts and regular savings accounts. Unity Bancorp Inc has a market cap of $235.200 million; its shares were traded at around $21.86 with a P/E ratio of 10.93 and P/S ratio of 3.88. The dividend yield of Unity Bancorp Inc stocks is 1.24%.


For the last quarter Unity Bancorp Inc reported a revenue of $16.1 million, compared with the revenue of $14.53 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $62.8 million, an increase of 16% from last year. For the last five years Unity Bancorp Inc had an average revenue growth rate of 13.2% a year.

The reported diluted earnings per share was $2.01 for the year, an increase of 67.5% from previous year. Over the last five years Unity Bancorp Inc had an EPS growth rate of 29% a year. The profitability rank of the company is 4 (out of 10).

At the end of the fiscal year, Unity Bancorp Inc has the cash and cash equivalents of $20.0 million, compared with $23.7 million in the previous year. The long term debt was $220.3 million, compared with $285.3 million in the previous year. Unity Bancorp Inc has a financial strength rank of 3 (out of 10).

At the current stock price of $21.86, Unity Bancorp Inc is traded at 120.8% premium to its historical median P/S valuation band of $9.90. The P/S ratio of the stock is 3.88, while the historical median P/S ratio is 1.76. The stock gained 3.50% during the past 12 months.

Directors and Officers Recent Trades:

  • Director Wayne Courtright sold 1,675 shares of UNTY stock on 02/25/2019 at the average price of $21.14. The price of the stock has increased by 3.41% since.

For the complete 20-year historical financial data of UNTY, click here.

This article first appeared on GuruFocus.