Unity Bancorp Inc reports results for the quarter ended in March - Earnings Summary

Unity Bancorp

14/04/2022 12:14

* Unity Bancorp Inc  UNTY.OQ  reported quarterly adjusted
earnings
of 85 cents​​ per share for the quarter ended in March. The mean
expectation of three analysts for the quarter was for earnings
of 81 cents per share.
    * Revenue rose 1.8% to $22.14 million from a year ago; 
analysts
expected $22.40 million. 
    * Unity Bancorp Inc's reported EPS for the quarter was 85
cents​.
    * The mean earnings estimate of analysts had risen by
about 8.7%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Unity Bancorp Inc shares had risen by 0.1% this
quarter and
gained 6.7% so far this year.
    * The company reported quarterly net income of $9.11
million.
    * Wall Street's median 12-month price target for Unity
Bancorp Inc
is $33.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated April 14 at 11:14 a.m.  ​All
figures in US dollars unless otherwise stated