What's new? Log in Free sign up

Unity Bancorp (UNTY)

Company Profile

Company profile

Ticker

UNTY

Exchange

Website

www.unitybank.com

CEO

Mr. James A. Hughes

Incorporated

Location

Fiscal year end

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

The Bank of New York Mellon Corporation • State Street • Ally Financial • Citizens Financial • Northern Trust • M&T Bank • First Citizens BancShares • East West Bancorp • Associated Banc-Corp • SVB Financial ...

Former names

UNITY BANCORP INC /DE/

SEC CIK

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Material Contracts & Credit Agreements

Subsidiaries Lists

IRS number

223282551

UNTY stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Keefe, Bruyette & Woods

Latest filings (excl ownership)

View all

Results of Operations and Financial Condition

Quarterly report

12 Nov 24

Results of Operations and Financial Condition

Departure of Directors or Certain Officers

Quarterly report

6 Aug 24

Results of Operations and Financial Condition

Latest ownership filings

View all

Notice of proposed sale of securities

James Joseph Donovan

Notice of proposed sale of securities

Notice of proposed sale of securities

Notice of proposed sale of securities

Daniel C Sharabba

Financial summary

Financial statements Chart UNTY financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	194.50 mm	194.50 mm	194.50 mm	194.50 mm	194.50 mm	194.50 mm
Cash burn (monthly)	972.33 k	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	4.15 mm	n/a	n/a	n/a	n/a	n/a
Cash remaining	190.35 mm	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	195.8	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

UNTY institutional ownership history Ownership history

56.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	80	69	+15.9%
Opened positions	14	7	+100.0%
Closed positions	3	7	-57.1%
Increased positions	24	27	-11.1%
Reduced positions	24	17	+41.2%

13F shares	Current	Prev Q	Change
Total value	156.20 bn	133.67 bn	+16.9%
Total shares	5.66 mm	5.58 mm	+1.4%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Banc Funds	840.04 k	$28.61 bn	-10.7%
WELLINGTON TRUST Co N A	492.01 k	$13.45 mm	0.0%
Dimensional Fund Advisors	488.99 k	$16.65 bn	+2.1%
BlackRock	488.59 k	$16.64 bn	NEW
Wellington Trust Company, National Association Multiple Common Trust Funds Trust, Micro Cap Equity Portfolio	420.98 k	$11.51 mm	0.0%
Vanguard	420.04 k	$14.31 bn	+1.5%
Alliancebernstein	332.68 k	$11.33 bn	+0.1%
Wellington Management	292.29 k	$9.96 bn	-8.4%
Royce & Associates	215.42 k	$7.34 bn	-4.1%
Pacific Ridge Capital Partners	191.21 k	$6.51 bn	-6.8%

Largest transactions	Shares	Bought/sold	Change
BlackRock	488.59 k	+488.59 k	NEW
BLK BlackRock	0.00	-452.71 k	EXIT
Maltese Capital Management	162.10 k	+162.10 k	NEW
FMR	27.56 k	-118.23 k	-81.1%
Banc Funds	840.04 k	-101.00 k	-10.7%
JPM JPMorgan Chase & Co.	88.23 k	+39.03 k	+79.3%
Wellington Management	292.29 k	-26.92 k	-8.4%
EAM Investors	24.91 k	+24.91 k	NEW
Connor, Clark & Lunn Investment Management	18.30 k	+18.30 k	NEW
Acadian Asset Management	89.43 k	+18.25 k	+25.6%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

UNTY insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
4 Feb 25	James Joseph Donovan	Common Stock	Sell	Dispose S	No	No	48.8791	1,080	52.79 k	0
31 Jan 25	Brody Mark S	Common Stock	Sell	Dispose S	No	No	48.32	1,600	77.31 k	71,802
31 Jan 25	Brody Mark S	Common Stock	Option exercise	Acquire M	No	No	10.97	1,600	17.55 k	73,402
31 Jan 25	Brody Mark S	Stock Option Common Stock	Option exercise	Dispose M	No	No	10.97	1,600	17.55 k	18,400
28 Jan 25	Mary E. Gross	Common Stock	Sell	Dispose S	No	No	48.04	3,300	158.53 k	18,479
28 Jan 25	Mary E. Gross	Common Stock	Option exercise	Acquire M	No	No	22.57	3,300	74.48 k	21,779
28 Jan 25	Mary E. Gross	Stock Option Common Stock	Option exercise	Dispose M	No	No	22.57	3,300	74.48 k	3,300
27 Jan 25	Mary E. Gross	Restricted Stock	Grant	Acquire A	No	No	0	1,600	0.00	4,875
27 Jan 25	Dallas Robert H Ii	Restricted Stock	Grant	Acquire A	No	No	0	1,600	0.00	5,606

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Why IMAC Holdings Shares Are Trading Higher By Over 108%; Here Are 20 Stocks Moving Premarket

Keefe, Bruyette & Woods Reiterates Outperform on Unity Bancorp, Raises Price Target to $55

Keefe, Bruyette & Woods analyst Christopher O'Connell reiterates Unity Bancorp (NASDAQ:UNTY) with a Outperform and raises the price target from $51 to $55.

Piper Sandler Reiterates Overweight on Unity Bancorp, Raises Price Target to $54

Piper Sandler analyst Justin Crowley reiterates Unity Bancorp (NASDAQ:UNTY) with a Overweight and raises the price target from $53 to $54.

Recap: Unity Bancorp Q4 Earnings

Keefe, Bruyette & Woods Maintains Outperform on Unity Bancorp, Raises Price Target to $51

Press releases

From Benzinga Pro

Unity Bancorp Reports Quarterly Earnings of $11.5 Million and Full Year Earnings of $41.5 Million

CLINTON, N.J., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ:UNTY), parent company of Unity Bank, reported net income of $11.5 million, or $1.13 per diluted share, for the quarter ended December 31,

Unity Bank Expands Sustainability Commitment with New EV Charging Stations

CLINTON, N.J., Nov. 27, 2024 (GLOBE NEWSWIRE) -- Start your journey with a boost – for both you and your electric vehicle – at Unity Bank's new EV charging stations, now open to the public at its Clinton, New Jersey

Unity Bank's Amanda Roche Honored as a New Leader in Banking by NJ Bankers Association

CLINTON, N.J., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Unity Bank proudly announces that Amanda Roche, Vice President and Finance Department Supervisor, has been recognized as a 2024 New Leader in Banking by the New Jersey

Unity Bancorp Inc. Declares Cash Dividend

We use cookies on this site to provide a more responsive and personalized service. Continuing to browse, clicking I Agree, or closing this banner indicates agreement. See our Cookie Policy for more information.