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Unity Bancorp, Inc. - UNTY STOCK NEWS

Welcome to our dedicated news page for Unity Bancorp (Ticker: UNTY), a resource for investors and traders seeking the latest updates and insights on Unity Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Unity Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Unity Bancorp's position in the market.

News
Unity Bancorp Reports Quarterly Earnings of $9.6 Million
Rhea-AI Summary
Unity Bancorp, Inc. (NASDAQ: UNTY) reported a 1.9% decrease in net income and a 3.1% decrease in net income per diluted share for the quarter ended March 31, 2024. Despite this, the company achieved impressive first quarter earnings metrics with NIM of 4.09%, ROA of 1.58%, and ROE of 14.49%. Unity Bancorp also increased its cash dividend payout and repurchased approximately 150,000 shares. The company remains committed to returning capital to shareholders and fostering economic development within local communities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.08%
Tags
earnings
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News
Unity Bancorp Announces 8% Increase in First Quarter Dividend
Rhea-AI Summary
Unity Bancorp, Inc. (UNTY) announces an 8% increase in cash dividend to $0.13 per common share, payable on March 29, 2024, reflecting strong financial performance and commitment to shareholder value. The parent company of Unity Bank aims to enhance shareholder value through earnings, dividend increase, and share repurchases.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.26%
Tags
dividends
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News
Unity Bancorp Reports Quarterly Earnings of $9.8 Million and Full Year Earnings of $39.7 Million
Rhea-AI Summary
Unity Bancorp, Inc. (NASDAQ: UNTY) reported a 1.8% decrease in net income and a 1.0% decrease in net income per diluted share for the quarter ended December 31, 2023, compared to the previous quarter. For the twelve months ended December 31, 2023, the company reported a 3.3% increase in net income and a 7.0% increase in net income per diluted share compared to the same period in 2022. Unity Bancorp achieved a record year of earnings with $39.7 million in net income, or $3.84 per diluted share. The company's loan to deposit ratio improved to approximately 113% at the end of 2023. Unity Bancorp remains confident in continued growth and profitability in 2024, focusing on customer satisfaction, community engagement, and employee empowerment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.12%
Tags
earnings
News
Unity Bank Provides Multimillion Construction Loan for Clinton 122-Unit Assisted Living & Memory Care Center
Rhea-AI Summary
Unity Bank (UNTY) provides multimillion construction loan to develop assisted living and memory care residential facility and adult day care center at former Holiday Inn property in Clinton, NJ. Courtyard Luxury Senior Living to open in March, creating 80 jobs and addressing a shortage of 1,100 assisted living beds in the marketplace.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.39%
Tags
none
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News
Unity Bancorp Declares Cash Dividend
Rhea-AI Summary
Unity Bancorp, Inc. (NASDAQ: UNTY) Declares $0.12 Cash Dividend Per Share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.32%
Tags
dividends
-
News
Unity Bancorp Reports Quarterly Earnings of $9.9 Million
Rhea-AI Summary
Unity Bancorp Reports 2.6% Increase in Net Income for Q3 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.81%
Tags
earnings
News
Unity Bank Opens Parsippany Area Branch Joined by Business & Community Leaders
Rhea-AI Summary
Unity Bank opens new branch in Morris County
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.55%
Tags
none
-
News
Unity Bancorp Declares Cash Dividend
Rhea-AI Summary
Unity Bancorp, Inc. (NASDAQ: UNTY) has declared a cash dividend of $0.12 per common share. The dividend will be payable on September 22, 2023, to shareholders of record as of September 8, 2023. Unity Bancorp has approximately $2.6 billion in assets and $1.8 billion in deposits. Unity Bank, its subsidiary, offers financial services to retail, corporate, and small business customers through its branch network in New Jersey and Pennsylvania.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.18%
Tags
dividends
-
News
Unity Bank Ranked 13th Nationally by Bank Director in U.S. Ranking of the Best Publicly Traded Banks
Rhea-AI Summary
Unity Bancorp, Inc. has been ranked 7th nationally among banks in the $1 billion to $5 billion asset category by Bank Director magazine. Unity's ranking has improved from the previous year, and the bank holds approximately $2.6 billion in assets and $1.8 billion in deposits. Unity also ranked 12th nationally for Return on Average Assets (ROAA).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.72%
Tags
none
News
Unity Bank Named Best Bank 2023 by Hunterdon Happening
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.49%
Tags
none
Stock UNTY logo
Unity Bancorp, Inc.

Nasdaq:UNTY

UNTY Rankings

#3492 Ranked by Market Cap
#3318 Ranked by Stock Gains
#1462 Ranked by Dividends

UNTY Stock Data

263.96M
6.22M
28.8%
48.97%
0.99%
Commercial Banking
Finance and Insurance
Link
US
Clinton

About UNTY

unity bank provides financial services to retail and business customers through our branches located in hunterdon, middlesex, somerset, union and warren counties in new jersey and northampton county in pennsylvania. unity bank is a community-oriented commercial bank offering a variety of accounts, as well as a complete suite of business products and on-line services.