Unity BancorpUNTY
About: Unity Bancorp Inc is a bank holding company that serves as a holding company for Unity Bank. It conducts a traditional and community-oriented commercial banking business and offers services, including personal and business checking accounts, time deposits, money market accounts, regular savings accounts, and others. The company structures its specific services and charges in a manner designed to attract the business of small and medium-sized businesses and professional communities, as well as individuals residing, working, and shopping in its service area. The company engages in a wide range of lending activities and offers commercial, Small Business Administration, consumer, mortgage, home equity, and personal loans.
Employees: 237
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
333% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 3
16% more capital invested
Capital invested by funds: $140M [Q2] → $162M (+$21.9M) [Q3]
15% more funds holding
Funds holding: 68 [Q2] → 78 (+10) [Q3]
0.47% more ownership
Funds ownership: 47.08% [Q2] → 47.55% (+0.47%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
4% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 25
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Keefe, Bruyette & Woods Christopher O'Connell 70% 1-year accuracy 16 / 23 met price target | 16%upside $51 | Outperform Maintained | 4 Dec 2024 |
Piper Sandler Justin Crowley 89% 1-year accuracy 8 / 9 met price target | 0%upside $44 | Overweight Reiterated | 14 Oct 2024 |
Financial journalist opinion
Based on 5 articles about UNTY published over the past 30 days
