How to Buy Unity Bancorp Stock
Unity Bancorp Inc
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.
Unity Bancorp stock last closed at $23.72, up 0.47% from the previous day, and has decreased 5.38% in one year. It has overperformed other stocks in the Banks - Regional industry by 0.07 percentage points. Unity Bancorp stock is currently +18.54% from its 52-week low of $20.01, and -20.62% from its 52-week high of $29.88.
There are currently 10.14M shares of UNTY outstanding. The market value of UNTY is $240.41M. In the past 24 hours, 9318 UNTY shares were traded.
How to Buy Unity Bancorp Stock
Wondering how to invest in Unity Bancorp stock? Here's how.
- Choose where to buy Unity Bancorp stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you choose where to buy Unity Bancorp stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Choose your method of payment and add your information.
- Research Unity Bancorp stock: The Unity Bancorp ticker symbol is UNTY. Is Unity Bancorp stock a good investment? Should you buy shares of UNTY? How do UNTY's underlying business fundamentals look? Do top analysts think Unity Bancorp is a good buy? Why has UNTY's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if UNTY is a good stock to buy).
- Place your UNTY buy order: Decide if you will purchase UNTY shares at the current market price or use a limit order to purchase UNTY shares at a given price.
- Get notifications regarding your investment in UNTY: Create a watchlist to important updates regarding your investment in Unity Bancorp shares.
Step 1: Choose where to buy Unity Bancorp stock
You need an online brokerage account to access the NASDAQ market and buy UNTY shares.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the right brokerage, it's time to fill out some personal info so you can buy UNTY stock today.
How to Open a New Account on eToro
- Click here to get started.
- Enter your personal data to start your new trading account.
- Send your application by hitting the "Create Account" button.
Step 3: Deposit funds into your investment account
Now that you've opened your account on one of the most highly reviewed stock apps, your next step is to transfer the money for your investment:
Watch the walkthrough below if you need help transferring funds into your investment account.
Step 4: Research Unity Bancorp stock
Once you have selected the best place to buy Unity Bancorp stock, it's crucial to evaluate their stock prior to buying, so you truly wrap your head around the risk as well as the upside.
Unity Bancorp shares quick numbers
Fundamentals of UNTY
WallStreetZen was created to help everyday investors do more accurate fundamental analysis quickly.
You can see all of the due diligence checks on UNTY's stock page.
What is the fair value of UNTY stock?
Investors use many financial metrics, analyses, models, and charts to gauge UNTY's fair value.
Using relative valuations metrics:
- UNTY may be undervalued based on its P/E ratio of 6.21x, relative to Banks - Regional industry P/E ratio of -0.49x
- UNTY could be overvalued based on its P/B ratio of 0.98x, relative to Banks - Regional industry P/B ratio of 0.87x
- UNTY could be undervalued based on its PEG ratio of 0.44x
You can access additional valuation research on UNTY's stock here.
UNTY Financial Health
Positive Financial Indicators:
- UNTY earnings of $53.80M is not enough to cover its interest payments.
- Total UNTY debt is lower than 5 years ago, relative to shareholder equity.
Negative Financial Indicators:
- UNTY's operating cash flow of $39.50M allows it to safely service it's debt of $433.31M.
- UNTY profit margin has gone down from 41.1% to 40.5% in the past year.
- UNTY has a relatively high debt to equity ratio of 9.46.
Do Wall Street analysts think it's a good time to buy UNTY stock
Out of 1 sell side analysts who give forecasts on UNTY, the consensus analyst rating on Unity Bancorp is a Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest UNTY Analyst Upgrades/Downgrades
Christopher O'Connell, a bottom 26% analyst from Keefe, Bruyette & Woods maintains UNTY with a buy rating and lowers their UNTY price target from $34.00 to $31.50, on Apr 6, 2023.
You can dive deeper into what analysts are forecasting on the Unity Bancorp stock forecast page.
Metrics for Advanced UNTY Traders
UNTY Revenue
Last year, UNTY earnings were $39.89M. In the last five year, UNTY's earnings have increased by 19.31% per year. This was slower than the Banks - Regional industry average of 22.05%.
Last year, UNTY revenue was $98.43M. In the past 5 year, UNTY's revenue has grown by 11.58% per year. This was faster than the Banks - Regional industry average of 6.1%.
You can research UNTY's earnings and revenue performance here.
What are UNTY insiders up to?
Over the past 12 months, executives and large shareholders at UNTY have bought more shares than they have sold.
Raj Patel, Director of UNTY, was the latest UNTY insider to buy. They bought $23,550.00 worth of UNTY stock on Sep 14, 2023.
Research more about who owns UNTY shares here.
Can I get consistent income from UNTY stock?
Unity Bancorp pays a dividend of 1.98%, compared to the Banks - Regional industry's average dividend yield of 4.21%. If you owned $1,000 of UNTY stock, you would have been paid $19.81 in the past year.
Unity Bancorp dividend payments have consistently grown over the past decade and have remained stable.
Dig into more info about Unity Bancorp dividend yield and history here.
UNTY Social Trading Data
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your UNTY buy order
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly fine. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at an exact price, place a limit order.
Press the Open button and eToro will execute the order.
If you want more info about investing in stocks on eToro, click the helpful video below:
Step 6: Get notifications regarding your investment in UNTY
Now that you own some UNTY stock, you'll want to keep up with your new investment.
Make a watchlist to track the latest developments regarding your UNTY stock.
UNTY Feed
How to Buy Stock in Unity Bancorp
To reiterate, here are the 6 steps to buy Unity Bancorp stock:
- Choose where to buy Unity Bancorp stock
- Sign up for your brokerage account
- Deposit funds into your investment account
- Research Unity Bancorp stock
- Place your UNTY buy order
- Get notifications regarding your investment in UNTY
If you need a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get the latest news on your new investment in Unity Bancorp, create a watchlist today.
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