News headlines about Unity Bancorp (NASDAQ:UNTY) have trended somewhat positive recently, AlphaOne Sentiment Analysis reports. The research firm, a unit of Accern, identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Unity Bancorp earned a media sentiment score of 0.12 on AlphaOne’s scale. AlphaOne also assigned news coverage about the financial services provider an impact score of 50 out of 100, indicating that recent media coverage is somewhat likely to have an effect on the stock’s share price in the next several days.
Unity Bancorp (NASDAQ:UNTY) traded down 0.61% on Friday, reaching $16.35. 8,916 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $16.26 and a 200-day moving average of $16.34. Unity Bancorp has a 12 month low of $11.09 and a 12 month high of $18.00. The firm has a market capitalization of $172.23 million, a price-to-earnings ratio of 13.20 and a beta of 0.39.
Unity Bancorp (NASDAQ:UNTY) last announced its earnings results on Monday, April 24th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $12.59 million during the quarter. Unity Bancorp had a net margin of 21.24% and a return on equity of 12.55%.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Thursday, June 15th will be given a dividend of $0.06 per share. The ex-dividend date is Tuesday, June 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.47%. This is a boost from Unity Bancorp’s previous quarterly dividend of $0.05. Unity Bancorp’s dividend payout ratio (DPR) is 19.35%.
Separately, ValuEngine raised shares of Unity Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
About Unity Bancorp
Unity Bancorp, Inc is a bank holding company that serves as a holding company for Unity Bank (the Bank). The Company’s primary business is ownership and supervision of the Bank. The Company, through the Bank, conducts a traditional and community-oriented commercial banking business and offers services, such as personal and business checking accounts, time deposits, money market accounts and regular savings accounts.
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