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About the company
Unity Bancorp, Inc. is a bank holding company that serves as a holding company for Unity Bank (the Bank). The primary activity of the Company is ownership and supervision of the Bank. The Bank, the Company’s wholly owned subsidiary, provides financial services to retail, corporate and small business customers through its branch network located in Bergen, Hunterdon, Middlesex, Morris, Ocean, Somerset, Union and Warren Counties in New Jersey and Northampton County in Pennsylvania. The Bank conducts a traditional and community-oriented commercial banking business and offers services, including personal and business checking accounts, time deposits, money market accounts, savings accounts, credit cards, debit cards, wire transfers, safe deposit boxes, access to automated teller services and Internet and mobile banking, typical of a community banking business. The Bank also offers retirement accounts, automated clearing house (ACH) origination and remote deposit capture (RDC).
- Revenue in USD (TTM)148.08m
- Net income in USD39.01m
- Incorporated2002
- Employees227.00
- LocationUnity Bancorp Inc64 OLD HIGHWAY 22CLINTON 08809United StatesUSA
- Phone+1 (908) 730-7630
- Websitehttps://unitybancorp.q4ir.com/corporate-overview/corporate-profile/default.aspx
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Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Carter Bankshares Inc | 196.42m | 23.19m | 265.91m | 679.00 | 11.54 | 0.7549 | 8.97 | 1.89 | 1.00 | 1.00 | 6.08 | 15.30 | -- | -- | -- | -- | 0.5365 | 0.4126 | -- | -- | -- | -- | 16.63 | 12.20 | -- | -- | -- | -- | 22.62 | 5.26 | -53.46 | 14.26 | -7.68 | -- |
| Third Coast Bancshares Inc | 266.54m | 28.67m | 267.52m | 365.00 | 11.19 | 0.6476 | 8.28 | 1.81 | 1.76 | 1.76 | 9.17 | 30.28 | -- | -- | -- | -- | 0.8177 | -- | -- | -- | -- | -- | 22.61 | -- | -- | -- | -- | -- | 73.14 | -- | 66.26 | -- | -- | -- |
| Primis Financial Corp | 205.89m | 9.94m | 270.14m | 565.00 | 27.18 | 0.6454 | 30.83 | 1.80 | 0.4026 | 0.4026 | 6.10 | 16.96 | -- | -- | -- | -- | 0.2058 | 0.6436 | -- | -- | -- | -- | 5.09 | 17.75 | -- | -- | -- | 45.42 | 63.31 | 11.61 | -43.97 | -21.66 | -- | 4.56 |
| Fidelity D&D Bancorp Inc | 93.84m | 18.21m | 270.82m | 291.00 | 14.80 | 1.42 | 11.33 | 3.69 | 3.19 | 3.19 | 12.85 | 33.22 | -- | -- | -- | -- | 0.7461 | 1.05 | -- | -- | -- | -- | 24.79 | 28.22 | -- | -- | -- | 33.16 | 19.27 | 21.57 | -39.34 | 10.59 | 14.25 | 9.04 |
| Financial Institutions Inc | 286.13m | 48.81m | 273.57m | 624.00 | 5.61 | 0.6237 | 4.81 | 1.28 | 3.16 | 3.16 | 13.83 | 29.52 | -- | -- | -- | -- | 0.8407 | 1.05 | -- | -- | -- | -- | 23.49 | 27.68 | -- | -- | -- | 32.51 | 45.91 | 13.38 | -11.45 | 5.10 | 1.03 | 4.83 |
| Capital Bancorp Inc | 188.16m | 32.70m | 273.76m | 277.00 | 8.44 | 1.06 | 10.37 | 1.64 | 2.34 | 2.34 | 11.93 | 18.68 | -- | -- | -- | -- | 1.43 | 1.75 | -- | -- | -- | -- | 19.58 | 21.97 | -- | -- | -- | 5.23 | 21.61 | 21.52 | -14.19 | 22.95 | 4.44 | -- |
| Peoples Financial Services Corp | 149.85m | 27.38m | 274.87m | 375.00 | 10.18 | 0.8054 | 9.08 | 2.73 | 3.82 | 3.82 | 14.10 | 48.35 | -- | -- | -- | -- | 0.7506 | 1.07 | -- | -- | -- | -- | 27.16 | 32.44 | -- | -- | -- | 33.17 | 34.60 | 12.10 | -28.12 | 1.90 | 7.81 | 4.60 |
| Citizens & Northern Corporation | 113.50m | 23.96m | 274.96m | 404.00 | 11.37 | 1.04 | 10.30 | 2.62 | 1.57 | 1.57 | 6.88 | 17.15 | -- | -- | -- | -- | 0.9718 | 1.13 | -- | -- | -- | -- | 23.04 | 24.90 | -- | -- | -- | 70.50 | 22.51 | 17.66 | -9.17 | 1.81 | 14.18 | 0.73 |
| Orrstown Financial Services Inc | 158.27m | 35.04m | 277.15m | 410.00 | 7.71 | 1.02 | 9.31 | 2.10 | 3.36 | 3.36 | 12.62 | 25.38 | -- | -- | -- | -- | 1.13 | 1.00 | -- | -- | -- | -- | 26.61 | 22.98 | -- | -- | -- | 28.95 | 37.96 | 17.95 | 61.83 | 22.73 | -13.70 | 9.42 |
| Unity Bancorp, Inc. | 148.08m | 39.01m | 277.52m | 227.00 | 7.25 | 1.04 | 8.53 | 2.68 | 3.81 | 3.81 | 10.10 | 26.56 | -- | -- | -- | -- | 1.55 | 1.58 | -- | -- | -- | -- | 37.73 | 37.15 | -- | -- | -- | 12.37 | 42.44 | 16.36 | 3.25 | 12.62 | -8.72 | 12.20 |
| West Bancorporation Inc | 160.31m | 24.14m | 281.48m | 181.00 | 11.70 | 1.25 | 10.83 | 3.56 | 1.44 | 1.44 | 4.71 | 13.46 | -- | -- | -- | -- | 0.6489 | 1.15 | -- | -- | -- | -- | 30.52 | 40.07 | -- | -- | -- | 42.01 | 29.96 | 13.58 | -47.98 | -3.27 | 180.38 | 5.09 |
| First Internet Bancorp | 239.44m | 8.42m | 284.87m | 287.00 | 34.05 | 0.7837 | 20.11 | 2.82 | 0.9658 | 0.9658 | 11.41 | 41.97 | -- | -- | -- | -- | 0.1734 | 0.6841 | -- | -- | -- | -- | 8.33 | 28.26 | -- | -- | -- | 7.95 | 52.60 | 15.70 | -76.32 | -17.41 | 19.32 | 0.00 |
| First Business Financial Services Inc | 194.93m | 35.21m | 285.16m | 349.00 | 7.91 | 1.03 | 7.17 | 1.98 | 4.34 | 4.34 | 17.74 | 34.83 | -- | -- | -- | -- | 1.14 | 1.18 | -- | -- | -- | -- | 25.73 | 26.46 | -- | -- | -- | 21.10 | 60.61 | 16.39 | -9.87 | 17.00 | 24.38 | 9.86 |
| Farmers & Merchants Bancorp Inc | 139.81m | 22.54m | 289.55m | 456.00 | 12.68 | 0.9147 | 10.14 | 2.97 | 1.67 | 1.67 | 7.22 | 23.17 | -- | -- | -- | -- | 0.7236 | 1.03 | -- | -- | -- | -- | 23.39 | 27.35 | -- | -- | -- | 38.19 | 38.22 | 24.67 | -30.07 | 8.78 | 32.98 | 9.24 |
| ACNB Corp | 96.64m | 31.69m | 291.31m | 413.00 | 9.22 | 1.05 | 8.31 | 2.73 | 3.72 | 3.72 | 12.52 | 32.60 | -- | -- | -- | -- | 1.28 | 1.18 | -- | -- | -- | -- | 29.68 | 28.82 | -- | -- | -- | 31.58 | 11.02 | 8.42 | -11.37 | 7.82 | -7.69 | 5.08 |
| Sierra Bancorp | 166.66m | 35.42m | 292.37m | 491.00 | 8.25 | 0.8472 | 10.26 | 2.01 | 2.42 | 2.42 | 9.94 | 23.56 | -- | -- | -- | -- | 0.9776 | 1.15 | -- | -- | -- | -- | 24.36 | 27.47 | -- | -- | -- | 35.21 | 33.90 | 9.92 | 3.52 | 3.26 | -14.64 | 7.53 |
Data as of Apr 23 2024. Currency figures normalised to Unity Bancorp Inc's reporting currency: US Dollar USD
36.91%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| The Banc Funds Co LLCas of 31 Dec 2023 | 991.61k | 9.78% |
| Dimensional Fund Advisors LPas of 31 Dec 2023 | 464.91k | 4.58% |
| Wellington Management Co. LLPas of 31 Dec 2023 | 425.51k | 4.20% |
| BlackRock Fund Advisorsas of 31 Dec 2023 | 416.63k | 4.11% |
| The Vanguard Group, Inc.as of 31 Dec 2023 | 405.34k | 4.00% |
| AllianceBernstein LPas of 31 Dec 2023 | 320.21k | 3.16% |
| Pacific Ridge Capital Partners LLCas of 31 Dec 2023 | 224.94k | 2.22% |
| Royce & Associates LPas of 31 Dec 2023 | 213.18k | 2.10% |
| Geode Capital Management LLCas of 31 Dec 2023 | 141.39k | 1.39% |
| Fidelity Management & Research Co. LLCas of 31 Dec 2023 | 139.87k | 1.38% |
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Data from 31 Dec 2023 - 31 Dec 2023Source: FactSet Research Systems Inc.
