Unity Bancorp (UNTY) Receiving Somewhat Positive News Coverage, Study Finds

Headlines about Unity Bancorp (NASDAQ:UNTY) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Unity Bancorp earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.6506099345228 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

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

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Shares of UNTY stock traded down $0.30 on Friday, hitting $22.15. The company had a trading volume of 8,978 shares, compared to its average volume of 6,509. Unity Bancorp has a 12 month low of $15.35 and a 12 month high of $22.95. 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 company has a market cap of $239.70, a PE ratio of 18.46 and a beta of 0.50.

Unity Bancorp (NASDAQ:UNTY) last issued its quarterly earnings data 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 business had revenue of $14.54 million for the quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.08%. The ex-dividend date is Thursday, March 15th. Unity Bancorp’s dividend payout ratio (DPR) is presently 20.00%.

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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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