Headquartered in Clinton, NJ Fiscal year ends December NASDAQ: UNTY unitybank.com
Unity Bancorp, Inc. (NASDAQ: UNTY) is a financial services organization with approximately $3.3 billion in assets and $2.6 billion in deposits. Through its wholly owned subsidiary, Unity Bank, the company provides retail, corporate, and small business banking services across a 22-branch network spanning Bergen, Hunterdon, Middlesex, Morris, Ocean, Somerset, Union, and Warren Counties in New Jersey and Northampton County in Pennsylvania. The bank's loan portfolio is diversified across commercial loans (including owner-occupied and non-owner-occupied commercial real estate, C&I lending, and SBA 504), residential mortgages, consumer loans (primarily home equity), and construction lending. Unity Bank also originates and sells SBA and mortgage loans. The company operates a relationship-driven community banking model focused on serving small and mid-sized businesses and retail customers in its New Jersey and eastern Pennsylvania markets. Updated
The core bank is carrying earnings: net interest margin expanded 11 basis points to 4.67%, even as a $2.5 million tax-credit benefit padded the headline beat. Management raised the dividend 6% to $0.17.
Pre-Market Stock Futures: Futures are trading sharply lower as we get set to end one of the most exciting weeks on Wall Street in 25 years. Positive meetings in China with President…
Unity Bancorp, Inc. (NASDAQ: UNTY) is a financial services organization with approximately $3.3 billion in assets and $2.6 billion in deposits.
The Wall Street consensus 12-month price target for UNTY is $68.60.
