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Unity Bancorp Inc (UNTY) Files 10-K for the Fiscal Year Ended on December 31, 2017

- By insider

Unity Bancorp Inc (UNTY) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. 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 & regular savings accounts. Unity Bancorp Inc has a market cap of $223.740 million; its shares were traded at around $21.10 with a P/E ratio of 17.57 and P/S ratio of 4.27. The dividend yield of Unity Bancorp Inc stocks is 1.09%. Unity Bancorp Inc had annual average EBITDA growth of 29.90% over the past five years.


For the last quarter Unity Bancorp Inc reported a revenue of $14.5 million, compared with the revenue of $12.43 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $54.1 million, an increase of 9.8% from last year. For the last five years Unity Bancorp Inc had an average revenue growth rate of 10.4% a year.

The reported diluted earnings per share was $1.2 for the year, a decline of 13% from the previous year. Over the last five years Unity Bancorp Inc had an EPS growth rate of 34.1% a year. The Unity Bancorp Inc had a decent operating margin of 41.45%, compared with the operating margin of 41.5% a year before. The 10-year historical median operating margin of Unity Bancorp Inc is 20.34%. The profitability rank of the company is 6 (out of 10).

At the end of the fiscal year, Unity Bancorp Inc has the cash and cash equivalents of $23.7 million, compared with $22.1 million in the previous year. The long term debt was $285.3 million, compared with $131.3 million in the previous year. The interest coverage to the debt is 2.4, which is not a favorable level. Unity Bancorp Inc has a financial strength rank of 3 (out of 10).

At the current stock price of $21.10, Unity Bancorp Inc is traded at 144.5% premium to its historical median P/S valuation band of $8.63. The P/S ratio of the stock is 4.27, while the historical median P/S ratio is 1.75. The stock gained 23.78% during the past 12 months.

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

This article first appeared on GuruFocus.