Unity Bancorp (NASDAQ:UNTY) Releases Earnings Results, Misses Expectations By $0.02 EPS

Posted by Geri Gentry on Jul 16th, 2026

Unity Bancorp (NASDAQ:UNTY – Get Free Report) posted its quarterly earnings data on Tuesday. The financial services provider reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.02), Zacks reports. The firm had revenue of $34.40 million during the quarter, compared to the consensus estimate of $34.62 million. Unity Bancorp had a return on equity of 16.40% and a net margin of 30.26%.

Unity Bancorp Stock Up 1.9%

Shares of Unity Bancorp stock opened at $56.62 on Thursday. The stock’s fifty day moving average is $55.53 and its 200-day moving average is $53.87. The firm has a market capitalization of $568.46 million, a PE ratio of 9.85 and a beta of 0.62. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.72. Unity Bancorp has a 12-month low of $44.34 and a 12-month high of $60.86.

Unity Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.1%. Unity Bancorp’s payout ratio is 10.77%.

More Unity Bancorp News

Here are the key news stories impacting Unity Bancorp this week:

Positive Sentiment: DA Davidson reaffirmed its buy rating on Unity Bancorp and lifted its price target to $68, implying meaningful upside from current levels. Benzinga report
Neutral Sentiment: Unity Bancorp reported Q2 net income of $14.5 million, or $1.42 per share, slightly higher than the prior quarter and reflecting solid profitability, a 2.01% return on average assets, and a 15.86% return on average equity. GlobeNewswire release
Neutral Sentiment: The quarter was not a clean beat: EPS came in below consensus and revenue of $34.4 million also missed estimates, which may limit enthusiasm despite the year-over-year improvement. Zacks article
Neutral Sentiment: Commentary around strong loan and deposit growth, healthy capital and liquidity, and a solid loan pipeline suggests the bank’s underlying fundamentals remain stable, though macro uncertainty and elevated rates remain a risk. Quiver Quant article

Insiders Place Their Bets

In related news, Director Mark S. Brody sold 1,600 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $55.23, for a total value of $88,368.00. Following the completion of the transaction, the director owned 113,854 shares in the company, valued at $6,288,156.42. This trade represents a 1.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mary E. Gross sold 2,075 shares of Unity Bancorp stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $56.01, for a total value of $116,220.75. Following the completion of the transaction, the director directly owned 18,479 shares in the company, valued at $1,035,008.79. This represents a 10.10% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 28.87% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in UNTY. Russell Investments Group Ltd. lifted its position in shares of Unity Bancorp by 159.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 987 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 606 shares in the last quarter. Strs Ohio purchased a new position in Unity Bancorp during the 1st quarter worth approximately $49,000. BNP Paribas Financial Markets grew its position in Unity Bancorp by 14.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,883 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 372 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Unity Bancorp during the 2nd quarter valued at $141,000. Finally, Virtus Advisers LLC acquired a new stake in Unity Bancorp during the 3rd quarter valued at $173,000. 42.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Piper Sandler raised their target price on Unity Bancorp from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, June 26th. Freedom Capital upgraded shares of Unity Bancorp to a “hold” rating in a research report on Friday, July 3rd. DA Davidson reissued a “buy” rating and issued a $68.00 price target on shares of Unity Bancorp in a report on Wednesday. Weiss Ratings upgraded shares of Unity Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 4th. Finally, Brean Capital assumed coverage on shares of Unity Bancorp in a research report on Wednesday, April 22nd. They set a “buy” rating and a $61.00 price objective for the company. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.50.

View Our Latest Analysis on UNTY

Unity Bancorp Company Profile

(Get Free Report)

Unity Bancorp, Inc is a bank holding company headquartered in Morrisville, Pennsylvania, trading on the NASDAQ under the ticker UNTY. Through its primary subsidiary, Unity Bank, the company delivers a comprehensive suite of commercial and retail banking services to individuals, businesses and municipal clients in its regional markets.

Founded in 1906, Unity Bank maintains a network of conveniently located branches across Bucks County and adjacent areas of southeastern Pennsylvania. The company’s deposit portfolio includes checking and savings accounts, money market accounts and certificates of deposit, while its loan offerings encompass commercial real estate, construction and land development, agricultural and consumer lending solutions.

Beyond traditional deposit and lending activities, Unity Bancorp provides cash management and merchant services, as well as internet and mobile banking platforms designed to streamline day-to-day financial operations.