Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Unity Bancorp (UNTY) Share Price

Press coverage about Unity Bancorp (NASDAQ:UNTY) has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Unity Bancorp earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 46.2188991974989 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Shares of UNTY traded down $0.20 during trading hours on Friday, hitting $22.10. The company had a trading volume of 4,002 shares, compared to its average volume of 7,189. The company has a market cap of $235.96, a P/E ratio of 16.25 and a beta of 0.43. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 2.42. Unity Bancorp has a 52-week low of $15.35 and a 52-week high of $22.95.

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Unity Bancorp (NASDAQ:UNTY) last released its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.39 EPS for the quarter. The firm had revenue of $14.54 million for the quarter. Unity Bancorp had a return on equity of 12.84% and a net margin of 20.28%.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 16th were issued a dividend of $0.06 per share. The ex-dividend date was Thursday, March 15th. This represents a $0.24 dividend on an annualized basis and a yield of 1.09%.

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About Unity Bancorp

Unity Bancorp, Inc operates as a bank holding company for Unity Bank that provides a range of business and consumer financial services to individuals, small and medium sized businesses, and professional communities. The company offers personal and business checking accounts, time deposits, money market accounts, and regular savings accounts.

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