Unity Bancorp (UNTY)

Unity Bancorp, Inc. the parent company of Unity Bank, its primary and wholly owned subsidiary, is a financial services organization headquartered in Clinton, New Jersey. Unity Bank provides financial services to businesses and consumers at 19 branches throughout New Jersey and the Lehigh Valley, Pennsylvania. Unity Bank provides community-oriented commercial banking services, including deposit accounts, loans, online and mobile services.

Company profile

Ticker

UNTY

Exchange

NASDAQ

Website

www.unitybank.com

CEO

James Hughes

Incorporated

New Jersey

Location

New Jersey

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

Bank Of New York Mellon • State Street • Citizens Financial • Northern Trust • M & T Bank • Fifth Third Bancorp • Associated Banc-Corp. • First Citizens Bancshares, Inc • SVB Financial • Commerce Bancshares ...

Former names

UNITY BANCORP INC /DE/

SEC CIK

0000920427

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

IRS number

223282551

UNTY stock data

1M 1Y 5Y

News

From Benzinga Pro

Unity Bancorp (UNTY) Misses Q2 Earnings Estimates

14 Jul 22

Unity Bancorp (NASDAQ: UNTY) came out with quarterly earnings of $0.88 per share, missing the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.80 per share a year ago. These figures are adjusted for non-recurring items.

Recap: Unity Bancorp Q2 Earnings

14 Jul 22

Unity Bancorp (NASDAQ:UNTY) reported its Q2 earnings results on Thursday, July 14, 2022 at 06:00 AM. Here's what investors need to know about the announcement.

Unity Bancorp Q2 EPS $0.88 Up From $0.80 YoY

14 Jul 22

Unity Bancorp (NASDAQ:UNTY) reported quarterly earnings of $0.88 per share. This is a 10 percent increase over earnings of $0.80 per share from the same period last year.

Press releases

From Benzinga Pro

Unity Bank Selected as a Top 25 Bank by Bank Director in National Ranking of the Best Publicly Traded Banks

5 Aug 22

CLINTON, N.J., Aug. 05, 2022 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ:UNTY), parent company of Unity Bank, has been selected for the first time for the national Top 25 Banks ranking published by Bank Director

Unity Bancorp Reports Quarterly Earnings of $9.5 Million

14 Jul 22

CLINTON, N.J., July 14, 2022 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ:UNTY), parent company of Unity Bank, reported net income of $9.5 million, or $0.88 per diluted share, for the quarter ended June 30, 2022, a

Unity Bank Added to Membership of US Small-Cap Russell 2000 Index

12 Jul 22

CLINTON, N.J., July 12, 2022 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ:UNTY), parent company of Unity Bank, was added as a member of the U.S. small-cap Russell 2000® Index, widely regarded as a bellwether of

Calendar

10 Aug 22

18 Aug 22

31 Dec 22

Financial summary

Financial statements Chart UNTY financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	109.04M	109.04M	109.04M	109.04M	109.04M	109.04M
Cash burn (monthly)	26.23M	9.4M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	43.23M	15.49M	n/a	n/a	n/a	n/a
Cash remaining	65.82M	93.55M	n/a	n/a	n/a	n/a
Runway (months of cash)	2.5	10.0	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

UNTY insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
15 Aug 22	James R Davies	Restricted Stock	Grant	Acquire A	No	No	0	1,000	0	1,000
22 Jul 22	Rooney Stephen	Restricted Stock	Sale back to company	Dispose D	No	No	0	2,500	0	0
22 Jul 22	Rooney Stephen	Restricted Stock	Sale back to company	Dispose D	No	No	0	312	0	2,500
22 Jul 22	Rooney Stephen	Stock Options Common Stock	Sale back to company	Dispose D	No	No	18.64	2,666	49.69K	22,168
22 Jul 22	Rooney Stephen	Stock Option Common Stock	Sale back to company	Dispose D	No	No	22.25	1,666	37.07K	24,834
9 Jun 22	Mary E. Gross	Common Stock	Gift	Dispose G	No	No	28.36	750	21.27K	14,601
18 May 22	James Joseph Donovan	Restricted Stock	Grant	Acquire A	No	No	0	1,000	0	1,000

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q2 2022

UNTY institutional ownership history Ownership history

61.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	68	56	+21.4%
Opened positions	23	12	+91.7%
Closed positions	11	3	+266.7%
Increased positions	21	21	–
Reduced positions	17	15	+13.3%

13F shares	Current	Prev Q	Change
Total value	212.47M	167.6M	+26.8%
Total shares	6.42M	6.15M	+4.5%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Banc Funds	894.34K	$23.68M	+13.0%
WELLINGTON TRUST Co N A	642.96K	$16.88M	0.0%
Wellington Management	575.51K	$15.24M	-2.7%
Wellington Trust Company, National Association Multiple Common Trust Funds Trust, Micro Cap Equity Portfolio	556.98K	$12.34M	0.0%
Fourthstone	440.12K	$11.65M	-8.6%
Dimensional Fund Advisors	389.1K	$10.3M	+4.2%
BLK Blackrock	350.12K	$9.27M	+1198.9%
Vanguard	343.14K	$9.09M	+6.4%
Alliancebernstein	283.16K	$7.5M	+11.0%
Pacific Ridge Capital Partners	234.21K	$6.2M	-8.8%

Largest transactions	Shares	Bought/sold	Change
Endicott Management	0	-562.55K	EXIT
BLK Blackrock	350.12K	+323.16K	+1198.9%
Banc Funds	894.34K	+102.97K	+13.0%
RMB Capital Management	68.63K	+68.63K	NEW
Acadian Asset Management	124.98K	+60.18K	+92.9%
IVZ Invesco	54.32K	+54.32K	NEW
Geode Capital Management	113.37K	+53.74K	+90.1%
STT State Street	70.13K	+48.41K	+222.9%
FMR	182.09K	+45.95K	+33.8%
NTRS Northern Trust	60.7K	+45.76K	+306.3%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: bankng, bearing, cease, depository, guarantor, indired, language, mark, properly, regulation, rendering, sequential, sizable, sizeable, slowdown, stop, strategic, unclear, worth

Removed: absolutely, acceptable, adapted, administered, advertising, Amending, apply, attributed, basically, beneficial, BOLI, calculating, calendar, captive, check, checked, clarifying, closure, communicated, compliance, computation, consistent, consolidate, continuance, continuing, conversion, convertible, declared, delinquent, demonstrate, depth, deserving, desirable, deteriorating, disaster, discontinue, disrupted, educate, effort, element, emergency, Emerging, employer, ensure, envisioned, epidemic, exact, exhibit, experiencing, explain, extremely, faced, faith, feel, flexibility, Force, franchise, Furniture, generation, global, goodwill, gradual, guide, health, important, improved, initial, injection, Interagency, interchange, internally, intraperiod, jeopardy, localized, marginally, merger, negative, negatively, network, offer, originally, partial, participated, people, perfecting, poor, prioritize, proactive, proactively, programmatic, proposed, prospect, protect, prudently, rebound, remain, Removing, reopening, resulted, round, safer, safety, salvage, section, separate, shuttered, Simplifying, software, step, strict, supply, supporting, Task, travel, treated, turnaround, unable, uncollectible, unemployment, viewed, waive, warrant, warranted, weaken, worked, World, writing

From filing 10-Q 2022 Q2

Financial reports

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