Unity Bancorp Inc (NASDAQ: UNTY) has reported E.P.S. of $0.97 for its fourth fiscal quarter (ending December 31) versus $0.94 for the same period a year ago — an increase of 3%. This performance was $0.11 better than the consensus estimate of $0.86. For the latest four quarters through December 31, E.P.S. were $3.89 compared to $3.66 a year ago — an increase of 6%.
Recent Price Action
Unity Bancorp Inc (NASDAQ: UNTY) stock closed at $27.92 on 1/12/24 after an increase of 1.1%. However, trading volume in this advance was unusually low at 65% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -1.2% during the last week.
Current PriceTarget Research Rating
UNTY is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Unity Bancorp has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Unity Bancorp has a good Appreciation Score of 80 and a good Power Rating of 81, producing the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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