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Unity Bancorp (UNTY)

(Real Time Quote from BATS)

$27.11 USD

27.11
908

-0.21 (-0.77%)

Updated Jul 9, 2024 10:24 AM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy17.88%
3Hold9.47%
4Sell5.14%
5Strong Sell2.57%
S&P50011.11%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value D Growth A Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 39% (152 out of 250)

Industry: Banks - Northeast

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Balance Sheet

Research for UNTY

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Unity Bancorp, Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 195 115 245 219 158
Receivables 2,160 2,095 1,637 1,615 1,416
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 0 0 0 0 0
Total Current Assets 2,355 2,210 1,882 1,834 1,574
Net Property & Equipment 20 20 20 20 21
Investments & Advances 154 160 83 58 81
Other Non-Current Assets 0 0 0 0 2
Deferred Charges 13 12 10 9 6
Intangibles 2 2 2 2 2
Deposits & Other Assets 36 42 38 35 34
Total Assets 2,579 2,445 2,034 1,959 1,719
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 1,924 1,788 1,759 1,558 1,250
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 26 25 19 17 15
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 1,950 1,812 1,778 1,575 1,265
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 367 393 50 210 293
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 0 0
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 2,317 2,206 1,828 1,785 1,558
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 100 97 94 92 90
Capital Surplus 0 0 0 0 0
Retained Earnings 191 157 123 91 70
Other Equity -3 -3 0 -1 0
Treasury Stock 27 12 12 7 0
Total Shareholder's Equity 261 239 206 174 161
Total Liabilities & Shareholder's Equity 2,579 2,445 2,034 1,959 1,719
Total Common Equity 261 239 206 174 161
Shares Outstanding 10.00 10.50 10.30 10.50 10.80
Book Value Per Share 26.14 22.78 19.97 16.56 14.88

Fiscal Year End for Unity Bancorp, Inc falls in the month of December.

All items in Millions except Per Share data.

6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Assets          
Cash & Equivalents -99,999 183 195 161 151
Receivables NA 2,162 2,160 2,163 2,156
Notes Receivable NA 0 0 0 0
Inventories NA 0 0 0 0
Other Current Assets NA 0 0 0 0
Total Current Assets NA 2,345 2,355 2,325 2,307
Net Property & Equipment NA 19 20 20 20
Investments & Advances NA 155 154 156 158
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 13 13 13 13
Intangibles NA 2 2 2 2
Deposits & Other Assets NA 35 36 48 52
Total Assets NA 2,568 2,579 2,563 2,552
Liabilities & Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 1,961 1,924 1,885 1,850
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 30 26 27 25
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities NA 1,992 1,950 1,912 1,875
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 310 367 399 433
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 0 0 0
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 2,301 2,317 2,311 2,308
Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 102 100 100 99
Capital Surplus NA 0 0 0 0
Retained Earnings NA 199 191 183 174
Other Equity NA -3 -3 -4 -4
Treasury Stock NA 31 27 26 25
Total Shareholder's Equity NA 267 261 252 244
Total Liabilities & Shareholder's Equity NA 2,568 2,579 2,563 2,552
Total Common Equity 0 267 261 252 244
Shares Outstanding 10.00 10.10 10.00 10.10 10.10
Book Value Per Share 0.00 26.41 26.14 24.99 24.17