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In a remarkable display of market confidence, Unity Bancorp (NASDAQ:UNTY)’s stock has surged to an all-time high, reaching a price level of $49.13. With a market capitalization of $493 million and analyst price targets reaching up to $55, InvestingPro analysis suggests the stock is currently trading above its Fair Value. This milestone underscores the company’s significant growth trajectory over the past year, which has seen its stock value skyrocket by 64.89%. Trading at a P/E ratio of 12.14 and maintaining 12 consecutive years of dividend payments, Unity Bancorp continues to outperform expectations and deliver substantial returns. The all-time high represents not just a peak in the stock’s 52-week performance but also sets a new benchmark for the company’s financial strength and market potential. InvestingPro subscribers have access to 10 additional key insights about Unity Bancorp’s performance and valuation metrics.
In other recent news, Unity Bancorp has been the focus of analysts from Piper Sandler and Keefe, Bruyette & Woods (KBW) due to its strong Q4 performance. The company reported Q4 earnings per share (EPS) of $1.13, surpassing both Piper Sandler’s estimate of $1.09 and the consensus of $1.06. This led Piper Sandler to raise its price target for Unity Bancorp shares to $54, upholding an Overweight rating.
Unity Bancorp also reported a net interest margin (NIM) expansion of 21 basis points, reaching 4.37%, contributing to a $0.04 net interest income (NII) beat. The company also experienced approximately 2% loan growth on a linked-quarter basis.
Subsequently, KBW analysts increased their pre-provision net revenue (PPNR) estimates for Unity Bancorp by 6% for 2025 and 3% for 2026, while slightly lowering their EPS projections. KBW also raised its price target from $51.00 to $55.00, reiterating an Outperform rating. Notably, Unity Bancorp is projected to maintain strong profitability, with a return on assets (ROA) between 1.8% and 1.9% and a return on tangible common equity (ROTCE) around 16%.
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