Unity Bancorp (UNTY) Stock Forecast, Price Target & Predictions
UNTY Stock Forecast
Unity Bancorp stock forecast is as follows: an average price target of $44.00 (represents a 0.18% upside from UNTY’s last price of $43.92) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.
UNTY Price Target
The average price target for Unity Bancorp (UNTY) is $44.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $44.00 to $44.00. This represents a potential 0.18% upside from UNTY's last price of $43.92.
UNTY Analyst Ratings
According to 2 Wall Street analysts, Unity Bancorp's rating consensus is 'Buy'. The analyst rating breakdown for UNTY stock is 0 'Strong Buy' (0.00%), 2 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Unity Bancorp Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 14, 2024 | Justin Crowley | Piper Sandler | $44.00 | $35.13 | 25.25% | 0.18% |
| Dec 15, 2022 | Janney Montgomery | $32.00 | $26.82 | 19.31% | -27.14% |
The latest Unity Bancorp stock forecast, released on Oct 14, 2024 by Justin Crowley from Piper Sandler, set a price target of $44.00, which represents a 25.25% increase from the stock price at the time of the forecast ($35.13), and a 0.18% increase from UNTY last price ($43.92).
Unity Bancorp Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 1 |
| Avg Price Target | - | $44.00 | $44.00 |
| Last Closing Price | $43.92 | $43.92 | $43.92 |
| Upside/Downside | -100.00% | 0.18% | 0.18% |
In the current month, the average price target of Unity Bancorp stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Unity Bancorp's last price of $43.92. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 14, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Dec 15, 2022 | Janney Montgomery | Buy | Initialise |
Unity Bancorp's last stock rating was published by Piper Sandler on Oct 14, 2024. The company gave UNTY a "Overweight" rating, the same as its previous rate.
Unity Bancorp Financial Forecast
Unity Bancorp Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $40.33M | $25.36M | $25.51M | $25.15M | $26.51M | $24.69M | $24.48M | $58.00K | $23.20M | $21.80M | $20.84M | $21.48M | $20.82M | $18.79M | $17.68M | $17.51M | $16.29M | $17.07M |
| Avg Forecast | $34.18M | $33.48M | $32.42M | $31.48M | $31.11M | $30.31M | $29.27M | $28.30M | $27.97M | $26.09M | $25.94M | $25.63M | $24.98M | $25.32M | $24.77M | $25.55M | $26.47M | $25.14M | $23.51M | $22.40M | $22.45M | $22.41M | $21.65M | $21.70M | $19.75M | $19.03M | $17.32M | $17.23M | $16.95M | $16.85M |
| High Forecast | $34.45M | $33.75M | $32.67M | $31.73M | $31.36M | $30.55M | $29.50M | $28.53M | $28.19M | $26.30M | $26.14M | $25.83M | $25.08M | $25.52M | $24.97M | $25.75M | $26.68M | $25.63M | $23.96M | $22.83M | $22.88M | $22.85M | $22.07M | $22.12M | $20.13M | $19.40M | $17.66M | $17.57M | $17.28M | $17.18M |
| Low Forecast | $33.91M | $33.21M | $32.15M | $31.23M | $30.86M | $30.06M | $29.03M | $28.06M | $27.75M | $25.88M | $25.73M | $25.42M | $24.88M | $25.12M | $24.57M | $25.34M | $26.25M | $24.66M | $23.06M | $21.96M | $22.02M | $21.98M | $21.23M | $21.28M | $19.37M | $18.67M | $16.99M | $16.90M | $16.62M | $16.52M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 5 | 4 | 5 | 4 | 4 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.61% | 1.00% | 1.03% | 0.98% | 1.00% | 0.98% | 1.04% | 0.00% | 1.03% | 0.97% | 0.96% | 0.99% | 1.05% | 0.99% | 1.02% | 1.02% | 0.96% | 1.01% |
Unity Bancorp's average Quarter revenue forecast for Mar 24 based on 1 analysts is $25.63M, with a low forecast of $25.42M, and a high forecast of $25.83M. UNTY's average Quarter revenue forecast represents a -36.45% decrease compared to the company's last Quarter revenue of $40.33M (Dec 23).
Unity Bancorp EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 5 | 4 | 5 | 4 | 4 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $13.05M | $24.98M | $23.23M | $19.91M | $16.45M | $14.89M | $13.57M | $14.55M | $14.74M | $13.23M | $14.47M | $13.43M | $11.57M | $10.89M | $11.62M | $12.96M | $12.63M |
| Avg Forecast | $13.97M | $13.68M | $13.24M | $12.86M | $12.71M | $12.38M | $11.96M | $11.56M | $11.43M | $10.66M | $10.60M | $15.62M | $10.21M | $10.35M | $10.12M | $14.20M | $11.97M | $10.89M | $10.18M | $12.91M | $9.72M | $9.71M | $9.38M | $13.71M | $8.56M | $8.24M | $7.50M | $11.86M | $7.34M | $7.30M |
| High Forecast | $14.08M | $13.79M | $13.35M | $12.97M | $12.81M | $12.48M | $12.05M | $11.66M | $11.52M | $10.75M | $10.68M | $18.75M | $10.25M | $10.43M | $10.20M | $17.05M | $14.37M | $11.10M | $10.38M | $15.50M | $9.91M | $9.90M | $9.56M | $16.45M | $8.72M | $8.40M | $7.65M | $14.23M | $7.48M | $7.44M |
| Low Forecast | $13.85M | $13.57M | $13.14M | $12.76M | $12.61M | $12.28M | $11.86M | $11.46M | $11.34M | $10.57M | $10.51M | $12.50M | $10.17M | $10.26M | $10.04M | $11.36M | $9.58M | $10.68M | $9.99M | $10.33M | $9.54M | $9.52M | $9.20M | $10.97M | $8.39M | $8.09M | $7.36M | $9.49M | $7.20M | $7.16M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.26% | 2.47% | 1.64% | 1.66% | 1.51% | 1.46% | 1.05% | 1.50% | 1.52% | 1.41% | 1.06% | 1.57% | 1.40% | 1.45% | 0.98% | 1.77% | 1.73% |
2 analysts predict UNTY's average Quarter EBITDA for Dec 23 to be $10.21M, with a high of $10.25M and a low of $10.17M. This is -21.76% lower than Unity Bancorp's previous annual EBITDA (Sep 23) of $13.05M.
Unity Bancorp Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 5 | 4 | 5 | 4 | 4 | 3 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $9.77M | $9.95M | $9.70M | $10.29M | $9.96M | $9.94M | $9.45M | $9.11M | $9.74M | $9.46M | $8.42M | $8.50M | $7.34M | $5.76M | $5.17M | $5.37M | $6.12M | $5.96M |
| Avg Forecast | $14.04M | $13.63M | $12.99M | $12.38M | $12.38M | $11.87M | $11.26M | $10.79M | $10.76M | $9.61M | $9.34M | $10.48M | $8.76M | $9.07M | $8.86M | $9.52M | $6.55M | $9.59M | $8.73M | $8.66M | $8.68M | $9.03M | $7.97M | $8.05M | $6.09M | $4.67M | $3.65M | $5.48M | $5.43M | $5.33M |
| High Forecast | $14.18M | $13.77M | $13.12M | $12.51M | $12.51M | $12.00M | $11.38M | $11.10M | $10.86M | $9.61M | $9.43M | $12.57M | $8.86M | $9.16M | $8.95M | $11.43M | $7.86M | $9.83M | $8.95M | $10.39M | $8.90M | $9.26M | $8.17M | $9.66M | $6.24M | $4.79M | $3.75M | $6.57M | $5.57M | $5.46M |
| Low Forecast | $13.89M | $13.49M | $12.85M | $12.25M | $12.25M | $11.75M | $11.15M | $10.49M | $10.56M | $9.61M | $9.24M | $8.38M | $8.66M | $8.97M | $8.77M | $7.62M | $5.24M | $9.35M | $8.51M | $6.93M | $8.46M | $8.81M | $7.77M | $6.44M | $5.94M | $4.55M | $3.56M | $4.38M | $5.29M | $5.19M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.12% | 1.10% | 1.09% | 1.08% | 1.52% | 1.04% | 1.08% | 1.05% | 1.12% | 1.05% | 1.06% | 1.06% | 1.21% | 1.23% | 1.42% | 0.98% | 1.13% | 1.12% |
Unity Bancorp's average Quarter net income forecast for Mar 24 is $10.48M, with a range of $8.38M to $12.57M. UNTY's average Quarter net income forecast represents a 7.23% increase compared to the company's last Quarter net income of $9.77M (Dec 23).
Unity Bancorp SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 5 | 4 | 5 | 4 | 4 | 3 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $8.45M | $8.53M | $7.92M | $7.99M | $7.96M | $8.33M | $7.99M | $8.12M | $7.12M | $7.92M | $7.56M | $8.94M | $7.06M | $6.87M | $6.72M | $7.88M | $6.61M |
| Avg Forecast | $11.21M | $10.98M | $10.63M | $10.32M | $10.20M | $9.94M | $9.60M | $9.28M | $9.17M | $8.56M | $8.51M | $9.19M | $8.19M | $8.30M | $8.12M | $8.35M | $7.97M | $8.23M | $7.69M | $7.59M | $7.35M | $7.34M | $7.09M | $7.16M | $6.47M | $6.23M | $5.67M | $6.86M | $5.55M | $5.52M |
| High Forecast | $11.30M | $11.07M | $10.71M | $10.41M | $10.28M | $10.02M | $9.68M | $9.36M | $9.24M | $8.62M | $8.57M | $11.02M | $8.23M | $8.37M | $8.19M | $10.02M | $9.56M | $8.39M | $7.84M | $9.11M | $7.49M | $7.48M | $7.22M | $8.59M | $6.59M | $6.35M | $5.78M | $8.23M | $5.65M | $5.62M |
| Low Forecast | $11.12M | $10.89M | $10.54M | $10.24M | $10.12M | $9.86M | $9.52M | $9.20M | $9.10M | $8.49M | $8.44M | $7.35M | $8.16M | $8.24M | $8.06M | $6.68M | $6.37M | $8.07M | $7.55M | $6.07M | $7.21M | $7.19M | $6.95M | $5.73M | $6.34M | $6.11M | $5.56M | $5.49M | $5.44M | $5.41M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 1.05% | 0.95% | 1.00% | 0.97% | 1.08% | 1.05% | 1.11% | 0.97% | 1.12% | 1.06% | 1.38% | 1.13% | 1.21% | 0.98% | 1.42% | 1.20% |
Unity Bancorp's average Quarter SG&A projection for Dec 23 is $8.19M, based on 2 Wall Street analysts, with a range of $8.16M to $8.23M. The forecast indicates a -3.06% fall compared to UNTY last annual SG&A of $8.45M (Sep 23).
Unity Bancorp EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 5 | 4 | 5 | 4 | 4 | 3 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.96 | $0.98 | $0.96 | $0.98 | $0.94 | $0.94 | $0.90 | $0.87 | $0.94 | $0.91 | $0.81 | $0.81 | $0.70 | $0.54 | $0.48 | $0.49 | $0.56 | $0.55 |
| Avg Forecast | $1.38 | $1.34 | $1.28 | $1.22 | $1.22 | $1.17 | $1.11 | $1.06 | $1.06 | $0.95 | $0.92 | $0.90 | $0.86 | $0.89 | $0.87 | $0.91 | $1.01 | $0.94 | $0.86 | $0.81 | $0.85 | $0.89 | $0.79 | $0.73 | $0.60 | $0.46 | $0.36 | $0.48 | $0.54 | $0.53 |
| High Forecast | $1.40 | $1.36 | $1.29 | $1.23 | $1.23 | $1.18 | $1.12 | $1.09 | $1.07 | $0.95 | $0.93 | $0.91 | $0.87 | $0.90 | $0.88 | $0.92 | $1.02 | $0.97 | $0.88 | $0.83 | $0.88 | $0.91 | $0.80 | $0.75 | $0.62 | $0.47 | $0.37 | $0.49 | $0.55 | $0.54 |
| Low Forecast | $1.37 | $1.33 | $1.27 | $1.21 | $1.21 | $1.16 | $1.10 | $1.03 | $1.04 | $0.95 | $0.91 | $0.89 | $0.85 | $0.88 | $0.86 | $0.90 | $1.00 | $0.92 | $0.84 | $0.79 | $0.83 | $0.87 | $0.77 | $0.71 | $0.58 | $0.45 | $0.35 | $0.46 | $0.52 | $0.51 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.11% | 1.10% | 1.10% | 1.08% | 0.93% | 0.99% | 1.05% | 1.07% | 1.10% | 1.02% | 1.03% | 1.10% | 1.17% | 1.17% | 1.33% | 1.03% | 1.05% | 1.05% |
According to 1 Wall Street analysts, Unity Bancorp's projected average Quarter EPS for Mar 24 is $0.90, with a low estimate of $0.89 and a high estimate of $0.91. This represents a -6.25% decrease compared to UNTY previous annual EPS of $0.96 (Dec 23).