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Unity Bancorp, Inc. (UNTY)

NasdaqGM - NasdaqGM Real Time Price. Currency in USD
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19.91-0.05 (-0.23%)
As of 2:54PM EST. Market open.
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Neutralpattern detected
Previous Close19.95
Open19.95
Bid19.85 x 3200
Ask19.97 x 1400
Day's Range19.51 - 19.95
52 Week Range8.76 - 20.76
Volume3,809
Avg. Volume21,539
Market Cap210.306M
Beta (5Y Monthly)1.39
PE Ratio (TTM)9.09
EPS (TTM)2.19
Earnings DateApr 15, 2021 - Apr 19, 2021
Forward Dividend & Yield0.32 (1.60%)
Ex-Dividend DateDec 16, 2020
1y Target Est25.00
  • Unity Bancorp Declares Cash Dividend
    GlobeNewswire

    Unity Bancorp Declares Cash Dividend

    CLINTON, N.J., Feb. 25, 2021 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.08 per common share. Such dividend is payable on March 26, 2021, to shareholders of record as of March 12, 2021. Unity Bancorp, Inc. is a financial service organization headquartered in Clinton, New Jersey, with approximately $2.0 billion in assets and $1.6 billion in deposits. Unity Bank, the company’s wholly owned subsidiary, provides financial services to retail, corporate and small business customers through its 19 retail service centers located in Bergen, Hunterdon, Middlesex, Somerset, Union and Warren Counties in New Jersey and Northampton County, Pennsylvania. For additional information about Unity, visit our website at www.unitybank.com, or call 800-618-BANK. This news release contains certain forward-looking statements, either expressed or implied, which are provided to assist the reader in understanding anticipated future financial performance. These statements may be identified by use of the words “believe”, “expect”, “intend”, “anticipate”, “estimate”, “project” or similar expressions. These statements involve certain risks, uncertainties, estimates and assumptions made by management, which are subject to factors beyond the company’s control and could impede its ability to achieve these goals. These factors include those items included in our Annual Report on Form 10-K under the heading “Item IA-Risk Factors” as amended or supplemented by our subsequent filings with the SEC, as well as general economic conditions, trends in interest rates, the ability of our borrowers to repay their loans, our ability to manage and reduce the level of our nonperforming assets, and results of regulatory exams, and the impact of COVID-19 on the Bank, its employees and customers, among other factors. News Media & Financial Analyst Contact:James A. HughesPresident and Chief Executive Officer(908) 713-4306

  • Unity Bank Launches Partnership with NID Housing Counseling Agency and Donates $5,000 for Community Education Programs
    GlobeNewswire

    Unity Bank Launches Partnership with NID Housing Counseling Agency and Donates $5,000 for Community Education Programs

    NID-HCA Helps NJ & Lehigh Valley Residents Through All Phases of the Homeownership Cycle Unity Bank/NID-HCA Donation Check Presentation Photo NID Housing Counseling Agency Branch Manager Maurice Muhammad (left) accepts a $5,000 donation from Vincent Geraci, Unity Bank First Senior Vice President and Director of Mortgage Lending. Unity Bank has launched a partnership with the agency to supplement the bank’s Low-Moderate Income Mortgage Program. CLINTON, N.J., Feb. 12, 2021 (GLOBE NEWSWIRE) -- Unity Bank recently donated $5,000 to the NID Housing Counseling Agency (NID-HCA), a U.S. Department of Housing and Urban Development (HUD) approved national network of housing counselors and community-development consultants with offices in Plainfield and Allentown, Pa. Unity is launching a partnership with the agency to supplement the bank’s Low-Moderate Income Mortgage Program. “The bank’s generous donation will support NID-HCA educational programs for underserved communities in New Jersey and the Lehigh Valley,” said NID-HCA Branch Manager Maurice Muhammad. “We look forward to partnering with Unity Bank to provide important assistance to those in need and the community. Together we will deliver programs that advance our mission to develop and implement urban affordable housing as well as urban community development.” “Our community bank has offered affordable housing and first-time home buyer loan programs for many years,” said Vincent Geraci, Unity Bank First Senior Vice President and Director of Mortgage Lending. “We are excited to be working with the NID Housing Counseling Agency because it will open up new opportunities for people in the community. Many residents are unaware of the housing funding options that may be available and we look forward to working with the agency to assist these community outreach efforts.” About NID Housing Counseling AgencyNID Housing Counseling Agency (NID-HCA) is a U.S. Department of Housing and Urban Development (HUD) approved national network of housing counselors and community-development consultants with offices in Plainfield, N.J. and Allentown, Pa. NID-HCA has successfully guided clients through all phases of the homeownership cycle from rental, to ownership, to sale. The agency is an affiliate of the Nation Association of Real Estate Brokers Investment Division (NID). For more information, please visit nidhousing.com or call the Plainfield, N.J. office at (908) 941-1112 or the Allentown, Pa. office at (484) 658-3440. About Unity Bancorp, Inc.Unity Bancorp, Inc. (NASDAQ: UNTY), the parent company of Unity Bank, its primary and wholly owned subsidiary, is a financial services organization headquartered in Clinton, New Jersey. Unity Bank provides financial services to businesses and consumers at 19 branches throughout New Jersey and the Lehigh Valley, Pennsylvania. Unity Bank provides community-oriented commercial banking services, including deposit accounts, loans, online and mobile services. For more information, please visit unitybank.com or call 800-618-BANK (800-618-2265). MEDIA CONTACT:Fred FeinerYankee Public Relations(908) 425-4878fred@yankeepr.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/04062eb5-986c-4b72-a9aa-8452ece9a21f

  • Unity Bancorp Approves New Share Repurchase Program
    GlobeNewswire

    Unity Bancorp Approves New Share Repurchase Program

    CLINTON, N.J., Feb. 04, 2021 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has approved a new Share Repurchase Program. Under this new program, the Company may repurchase up to 750,000 shares, or approximately 7.5% of its outstanding common stock. The timing and amount of purchases will be dictated by a number of factors, including the trading price of the Company’s common stock. Under the 2021 Share Repurchase Program, repurchases will be made from time to time by the Company in the open market as conditions allow, or in privately negotiated transactions. All or part of the repurchases may be implemented under a Rule 10b5-1 trading plan, which would allow repurchases under pre-set terms at times when the Company might otherwise be prevented from doing so under insider trading laws or because of self-imposed blackout periods. Except in the case of repurchases under a Rule 10b5-1 trading plan, the volume, nature, price and timing of the repurchases are at the sole discretion of management, dependent on the stock price, market conditions, applicable securities laws including SEC Rule 10b-18, corporate and regulatory requirements, capital and liquidity needs or other factors. The Board of Directors may suspend, discontinue, terminate, modify, cancel or extend the Share Repurchase Program at any time and for any reason. Unity Bancorp, Inc. is a financial service organization headquartered in Clinton, New Jersey, with approximately $2.0 billion in assets and $1.6 billion in deposits. Unity Bank provides financial services to retail, corporate and small business customers through its 19 retail service centers located in Bergen, Hunterdon, Middlesex, Somerset, Union and Warren Counties in New Jersey and Northampton County, Pennsylvania. For additional information about Unity, visit our website at www.unitybank.com, or call 800-618-BANK. This news release contains certain forward-looking statements, either expressed or implied, which are provided to assist the reader in understanding anticipated future financial performance. These statements may be identified by use of the words “believe”, “expect”, “intend”, “anticipate”, “estimate”, “project” or similar expressions. These statements involve certain risks, uncertainties, estimates and assumptions made by management, which are subject to factors beyond the company’s control and could impede its ability to achieve these goals. These factors include those items included in our Annual Report on Form 10-K under the heading “Item IA-Risk Factors” as amended or supplemented by our subsequent filings with the SEC, as well as general economic conditions, trends in interest rates, the ability of our borrowers to repay their loans, our ability to manage and reduce the level of our nonperforming assets, results of regulatory exams, and the impact of COVID-19 on the Bank, its employees and customers, among other factors. News Media & Financial Analyst Contact: James Hughes, President and CEO (908) 713-4306