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Is Unity Bancorp (UNTY) a Great Value Stock Right Now?
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
Unity Bancorp (UNTY - Free Report) is a stock many investors are watching right now. UNTY is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock has a Forward P/E ratio of 7.17. This compares to its industry's average Forward P/E of 8.88. UNTY's Forward P/E has been as high as 8.26 and as low as 5.62, with a median of 6.54, all within the past year.
Investors should also recognize that UNTY has a P/B ratio of 1.06. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 1.26. Over the past 12 months, UNTY's P/B has been as high as 1.19 and as low as 0.91, with a median of 1.03.
Finally, investors will want to recognize that UNTY has a P/CF ratio of 6.75. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. UNTY's P/CF compares to its industry's average P/CF of 11.37. Over the past year, UNTY's P/CF has been as high as 7.49 and as low as 5.35, with a median of 6.10.
These are only a few of the key metrics included in Unity Bancorp's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, UNTY looks like an impressive value stock at the moment.
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Is Unity Bancorp (UNTY) a Great Value Stock Right Now?
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
Unity Bancorp (UNTY - Free Report) is a stock many investors are watching right now. UNTY is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock has a Forward P/E ratio of 7.17. This compares to its industry's average Forward P/E of 8.88. UNTY's Forward P/E has been as high as 8.26 and as low as 5.62, with a median of 6.54, all within the past year.
Investors should also recognize that UNTY has a P/B ratio of 1.06. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 1.26. Over the past 12 months, UNTY's P/B has been as high as 1.19 and as low as 0.91, with a median of 1.03.
Finally, investors will want to recognize that UNTY has a P/CF ratio of 6.75. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. UNTY's P/CF compares to its industry's average P/CF of 11.37. Over the past year, UNTY's P/CF has been as high as 7.49 and as low as 5.35, with a median of 6.10.
These are only a few of the key metrics included in Unity Bancorp's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, UNTY looks like an impressive value stock at the moment.