Media stories about Unity Bancorp (NASDAQ:UNTY) have been trending somewhat negative on Wednesday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Unity Bancorp earned a coverage optimism score of -0.01 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 47.72828613822 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Unity Bancorp (NASDAQ:UNTY) traded down $0.50 during trading hours on Wednesday, reaching $22.20. The company had a trading volume of 640 shares, compared to its average volume of 7,151. Unity Bancorp has a one year low of $15.35 and a one year high of $22.95. The stock has a market cap of $242.91, a price-to-earnings ratio of 18.50 and a beta of 0.50. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 2.42.
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 company had revenue of $14.54 million for the quarter.
Separately, ValuEngine lowered Unity Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
About Unity Bancorp
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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