Unity Bancorp Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 8.87
Dividend & Yield0.44$ (1.56%)
Beta 1.06
Market capitalization 296.53M
Operating cash flow 1.57M
ESG Scores unknown

Company description

Unity Bancorp, Inc. operates as the holding company for Unity Bank that provides commercial and retail banking products and services to individuals, small and medium sized businesses, and professional communities. The company offers personal and business checking accounts, time deposits, money market accounts, and regular savings accounts, as well as noninterest and interest-bearing demand deposits. It also provides small business administration loans; commercial loans; and residential mortgage and consumer loans, including residential real estate, home equity lines and loans, and residential construction lines, as well as personal loans. the company offered its services through the Internet and nineteen branch offices located in Bergen, Hunterdon, Middlesex, Somerset, Union, and Warren counties in New Jersey, as well as Northampton County, Pennsylvania. Unity Bancorp, Inc. was incorporated in 1991 and is based in Clinton, New Jersey.

Sector: Financial Services - Industry: Banks—Regional

Financial data

Diluted earning per share

Net income vs Operating income

Asset vs Liabilities

Similar Companies
no companies found

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities
Total Cashflows From Investing Activities -140.65M -133.12M -186.78M -31.44M
Net Borrowings -65M 73M -83M -160M
Total Cash From Financing Activities 97.32M 112.41M 214.33M 33.49M
Change To Operating Activities 1.06M 1.48M -3.73M 1.75M
Issuance Of Stock 576k 453k 451k 630k
Net Income 21.92M 23.65M 23.64M 36.12M
Change In Cash -4.74M 12.5M 61.3M 25.51M
Effect Of Exchange Rate
Total Cash From Operating Activities 38.59M 33.2M 33.74M 23.45M
Depreciation 1.94M 1.62M 1.91M 1.61M
Change To Account Receivables
Other Cashflows From Financing Activities 164.55M 42.43M 307.85M 200.92M
Change To Netincome 13.67M 6.45M 11.92M -16.03M
Capital Expenditures -1.51M -709k -559k -1.27M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 27.31M 30.32M 31.12M 48.13M
Net Income 21.92M 23.65M 23.64M 36.12M
Selling General Administrative 31.01M 32.23M 34.25M 36.56M
Gross Profit 60.44M 65.03M 70.38M 88.91M
Ebit
Operating Income 27.44M 30.66M 32.01M 49.11M
Interest Expense
Income Tax Expense 5.39M 6.66M 7.47M 12.01M
Total Revenue 60.44M 65.03M 70.38M 88.91M
Cost Of Revenue
Total Other Income ExpenseNet -130k -342k -889k -979k
Net Income From Continuing Ops 21.92M 23.65M 23.64M 36.12M
Net Income Applicable To Common Shares 21.92M 23.65M 23.64M 36.12M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 1.44B 1.56B 1.79B 1.83B
Total Stockholder Equity 138.49M 160.71M 173.91M 205.73M
Other Current Liabilities
Total Assets 1.58B 1.72B 1.96B 2.03B
Common Stock 88.48M 90.11M 91.87M 94M
Other Current Assets 40.83M 46.32M 13.57M 12.9M
Retained Earnings 50.16M 70.44M 90.67M 123.04M
Treasury Stock -157k 154k -8.63M -11.31M
Cash 122.26M 132.36M 217.16M 241.96M
Total Current Liabilities 1.42B 1.5B 1.73B 1.77B
Other Stockholder Equity -157k 154k -1.19M 322k
Property, Plant, and Equipment 23.37M 24.11M 22.59M 25.16M
Total Current Assets 167.54M 182.65M 233.45M 257.23M
Net Tangible Assets 136.97M 159.19M 172.4M 204.21M
Net Receivables 151k 281k 1.04M 265k
Accounts Payable 1.21B 1.25B 1.56B 1.76B


Insider Transactions

Here are the insider transactions of stock shares related to Unity Bancorp Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
HUGHES JAMES AConversion of Exercise of derivative security at price 7.25 per share.D2022-11-21Chief Executive Officer500
SOUDERS DONALD E JRSale at price 28.49 - 28.65 per share.D2022-11-15Director1.5k
SOUDERS DONALD E JRConversion of Exercise of derivative security at price 15.70 per share.D2022-11-15Director1.5k
KAUCHAK JOHN JSale at price 28.29 - 28.40 per share.D2022-11-07Chief Operating Officer12.66k
KAUCHAK JOHN JConversion of Exercise of derivative security at price 7.16 - 8.29 per share.D2022-11-07Chief Operating Officer12.66k
BOLOMEY JANICESale at price 28.04 per share.D2022-10-28Officer11k
BOLOMEY JANICEConversion of Exercise of derivative security at price 8.29 per share.D2022-10-28Officer11k
GROSS MARY EStock Gift at price 28.36 per share.D2022-06-09Director750
DONOVAN JAMES JOSEPHStock Award(Grant) at price 0.00 per share.D2022-05-18Officer1k
HUGHES JAMES AStock Award(Grant) at price 0.00 per share.D2022-03-16Chief Executive Officer18k
KAUCHAK JOHN JStock Award(Grant) at price 0.00 per share.D2022-03-16Chief Operating Officer8k
BOLOMEY JANICEStock Award(Grant) at price 0.00 per share.D2022-03-16Officer8k
BOYAN GEORGEStock Award(Grant) at price 0.00 per share.D2022-03-16Chief Financial Officer12k
KAUCHAK JOHN JSale at price 29.00 per share.D2022-02-23Chief Operating Officer64
KAUCHAK JOHN JConversion of Exercise of derivative security at price 7.16 per share.D2022-02-23Chief Operating Officer64
KAUCHAK JOHN JSale at price 29.00 per share.D2022-02-18Chief Operating Officer278
KAUCHAK JOHN JConversion of Exercise of derivative security at price 7.16 per share.D2022-02-18Chief Operating Officer278
KAUCHAK JOHN JSale at price 29.00 - 29.04 per share.D2022-02-17Chief Operating Officer4.39k
KAUCHAK JOHN JConversion of Exercise of derivative security at price 7.16 per share.D2022-02-17Chief Operating Officer4.39k
KAUCHAK JOHN JSale at price 29.00 - 29.01 per share.D2022-02-15Chief Operating Officer4.61k
KAUCHAK JOHN JConversion of Exercise of derivative security at price 7.16 per share.D2022-02-15Chief Operating Officer4.61k
GERACI VINCENTSale at price 29.00 - 29.24 per share.D2022-02-14Officer6.82k
GERACI VINCENTConversion of Exercise of derivative security at price 21.30 - 22.25 per share.D2022-02-14Officer6.82k
ROONEY STEPHEN FSale at price 29.14 per share.D2022-02-02Officer2.8k
ROONEY STEPHEN FConversion of Exercise of derivative security at price 9.63 per share.D2022-02-02Officer2.8k
SOUDERS DONALD E JRSale at price 29.35 per share.D2022-01-31Director4.4k
SOUDERS DONALD E JRConversion of Exercise of derivative security at price 10.97 per share.D2022-01-31Director4.4k
BOLOMEY JANICESale at price 29.34 - 29.56 per share.D2022-01-26Officer11k
BOLOMEY JANICEConversion of Exercise of derivative security at price 7.16 per share.D2022-01-26Officer11k
COURTRIGHT WAYNEStock Award(Grant) at price 0.00 per share.D2022-01-03Director2.5k
DALLAS DAVID DStock Award(Grant) at price 0.00 per share.D2022-01-03Chairman of the Board2.5k
DALLAS ROBERT H IIStock Award(Grant) at price 0.00 per share.D2022-01-03Director and Beneficial Owner of more than 10% of a Class of Security2k
TUCKER ALLENStock Award(Grant) at price 0.00 per share.D2022-01-03Director2k
MARICONDO PETER EStock Award(Grant) at price 0.00 per share.D2022-01-03Director2.5k
BRODY MARK SStock Award(Grant) at price 0.00 per share.D2022-01-03Director2k
PATEL RAJStock Award(Grant) at price 0.00 per share.D2022-01-03Director2k
GROSS MARY EStock Award(Grant) at price 0.00 per share.D2022-01-03Unknown2.5k
SOUDERS DONALD E JRStock Award(Grant) at price 0.00 per share.D2022-01-03Unknown2.5k
TUCKER AARONStock Award(Grant) at price 0.00 per share.D2022-01-03Director2k
KURAS ADAMStock Award(Grant) at price 0.00 per share.D2022-01-03Officer1.5k
COOK LAUREEN SStock Award(Grant) at price 26.08 per share.D2021-12-10Officer1.9k
GERACI VINCENTStock Award(Grant) at price 26.08 per share.D2021-12-10Officer3.25k
BRODY MARK SSale at price 26.04 per share.D2021-12-08Director2.19k
BRODY MARK SSale at price 25.63 per share.D2021-12-03Director802
BRODY MARK SSale at price 26.82 per share.D2021-11-23Director1.07k
BRODY MARK SSale at price 26.82 - 27.10 per share.D2021-11-22Director1.46k
COOK LAUREEN SSale at price 26.14 per share.D2021-10-22Officer5k
COOK LAUREEN SConversion of Exercise of derivative security at price 14.60 per share.D2021-10-22Officer5k
BRODY MARK SStock Gift at price 26.25 per share.D2021-10-21Director1.01k
PATEL RAJConversion of Exercise of derivative security at price 18.77 - 22.57 per share.D2021-10-21Unknown4.2k
GROSS MARY ESale at price 26.58 per share.D2021-10-19Unknown1.6k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Unity Bancorp Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Unity Bancorp Inc

Here is the result of two systematic investment strategies applied to Unity Bancorp Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Unity Bancorp Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Unity Bancorp Inc:

Unity Bancorp Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 20.7% on the backtest period.

Performance at glance

Performance

20.7 %

Latent gain

461.83 $

Invested capital

2231.51 $

Annualized return

5.0 %
Build your Trading System
Automated Trading using Prorealtime ebook

Momentum strategy results on Unity Bancorp Inc

This is the result of two momentum investment strategies applied to Unity Bancorp Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Unity Bancorp Inc

The following chart shows all the entries opened by the momentum investment system on Unity Bancorp Inc:

Unity Bancorp Inc momentum entries
  • The first momentum investment strategy would give 21.75% of return on Unity Bancorp Inc. That represents 1410.48$ of latent gain with 6485.38$ of employed capital.
  • The second momentum investment strategy would give 17.43% of return on Unity Bancorp Inc. That represents 741.6$ of latent gain with 4253.74$ of employed capital.
Performance at glance (1Q Momentum)

Performance

21.75 %

Latent gain

1410.48 $

Invested capital

6485.38 $

Annualized return

1.93 %
Performance at glance (2Q Momentum)

Performance

17.43 %

Latent gain

741.6 $

Invested capital

4253.74 $

Annualized return

4.76 %

Momentum equity curve on Unity Bancorp Inc

The following chart shows the equity curve of the two momentum strategies applied to Unity Bancorp Inc:

Unity Bancorp Inc momentum equity

Note: the dividends potentially given by Unity Bancorp Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Unity Bancorp Inc

The following chart shows the employed capital evolution of the two momentum strategies on Unity Bancorp Inc since the beginning:

Unity Bancorp Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Unity Bancorp Inc

Buy the dip entry openings on Unity Bancorp Inc

Unity Bancorp Inc

The performance achieved by the robo-advisor on Unity Bancorp Inc is 4.12%. That represents 10.01$ of latent gain with 243.21$ of employed capital. The following chart shows Unity Bancorp Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Unity Bancorp Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

4.12 %

Latent gain

10.01 $

Invested capital

243.21 $

Annualized return

1.93 %

Equity curve of the strategy applied to Unity Bancorp Inc

The following chart shows the result of the investment strategy applied to Unity Bancorp Inc:

Unity Bancorp Inc

Note: the dividends potentially given by Unity Bancorp Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Unity Bancorp Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Unity Bancorp Inc:

Unity Bancorp Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Unity Bancorp Inc

In this section, I will compare the three previous investment strategies applied to Unity Bancorp Inc.

Equity curve comparison on Unity Bancorp Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Unity Bancorp Inc investment strategy comparison

Employed capital comparison on Unity Bancorp Inc

Unity Bancorp Inc investment comparison

Performance comparison on Unity Bancorp Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 20.7% 461.83$ 2231.51$ 5.0%
Momentum 1 quarter 21.75% 1410.48$ 6485.38$ 5.58%
Momentum 2 quarters 17.43% 741.6$ 4253.74$ 4.76%
Non-directional 4.12% 10.01$ 243.21$ 1.93%
Annualized return comparison

Automatic investment

5.0 %

Momentum 1Q

4.76 %

Momentum 2Q

4.76 %

Non-directional

1.93 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Unity Bancorp Inc:

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months


Note: The algorithm computes the probability of correlation between Unity Bancorp Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of Unity Bancorp Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Unity Bancorp Inc
Country United States
City Clinton
Address 64 Old Highway 22
Phone 908 730 7630
Website www.unitybank.com
FullTime employees 222
Industry Banks—Regional
Sector Financial Services
Exchange XNAS
Ticker UNTY
Market www.nasdaq.com

Unity Bancorp Inc ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown