Very Favorable Press Coverage Very Unlikely to Impact Unity Bancorp (NASDAQ:UNTY) Stock Price
News stories about Unity Bancorp (NASDAQ:UNTY) have trended very positive on Tuesday, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Unity Bancorp earned a coverage optimism score of 0.53 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 16 out of 100, indicating that recent press coverage is very unlikely to have an impact on the stock’s share price in the near term.
Unity Bancorp (NASDAQ UNTY) traded up 0.84% during trading on Tuesday, hitting $18.10. The stock had a trading volume of 3,176 shares. The stock has a 50 day moving average of $17.66 and a 200 day moving average of $16.86. Unity Bancorp has a one year low of $11.15 and a one year high of $18.90. The firm has a market capitalization of $191.26 million, a P/E ratio of 14.37 and a beta of 0.42.
Unity Bancorp (NASDAQ:UNTY) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $0.32 EPS for the quarter. Unity Bancorp had a return on equity of 12.66% and a net margin of 21.65%. The company had revenue of $13.17 million for the quarter.
Separately, ValuEngine upgraded Unity Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
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Unity Bancorp Company Profile
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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