Unity Bancorp Inc (NASDAQ: UNTY) has reported earnings for its first fiscal quarter (ending March 31) of $0.95 versus $0.98 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $3.86 compared to $3.76 a year ago.
Recent Price Action
On 4/12/24, Unity Bancorp Inc (NASDAQ: UNTY) stock increased 1.1%, closing at $26.28. Moreover, trading volume in this advance was unusually high at 195% of normal. Relative to the market the stock has been strong over the last nine months but has declined -2.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, UNTY is expected to continue to be a Value Builder.
Unity Bancorp has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Unity Bancorp has a good Power Rating of 80 and a very high Appreciation Score of 86, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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