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

Unity Bancorp

13/10/2023 14:04

* Unity Bancorp Inc  UNTY.OQ  reported quarterly adjusted
earnings
of 97 cents​​ per share for the quarter ended in September. The
mean expectation of three analysts for the quarter was
for earnings of 89 cents per share.
    * Revenue rose 2.9% to $25.58 million from a year ago;
analysts
expected $25.32 million. 
    * Unity Bancorp Inc's reported EPS for the quarter was 97
cents​.
    * The mean earnings estimate of analysts had risen by
about 4.6%
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 0.5% this
quarter and
lost 13.8% so far this year.
    * The company reported quarterly net income of $9.9 million.
    * Wall Street's median 12-month price target for Unity
Bancorp Inc
is $28.00 
    * 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 from LSEG Refinitiv data
October 13 at 01:04 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.89           0.97           Beat
 Jun. 30 2023      0.91           0.95           Beat
 Mar. 31 2023      0.91           0.96           Beat
 Dec. 31 2022      0.98           0.93           Missed