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home / news releases / UNTY - Unity Bancorp: A Local New Jersey Bank Trading At Just 9 Times Earnings

UNTY - Unity Bancorp: A Local New Jersey Bank Trading At Just 9 Times Earnings

Unity Bancorp Inc.
  • Unity Bancorp is active in New Jersey where it operates just a handful of branches.
  • The bank's net income in 2021 was exceptionally high, thanks to the lack of loan loss provisions.
  • UNTY retains the majority of its earnings on its balance sheet, which allows it to expand its loan book.
  • The stock is trading at about 1.4 times its book value, but due to the low payout ratio, the book value increases fast.

For further details see:

Unity Bancorp: A Local New Jersey Bank Trading At Just 9 Times Earnings
Stock Information
Company Name: Unity Bancorp Inc.
Stock Symbol: UNTY
Market: NASDAQ
Website: unitybank.com
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