Unity Bancorp Stock Price on October 31, 2024
| UNTY Stock | USD 46.51 0.99 2.08% |
Below is the normalized historical share price chart for Unity Bancorp extending back to November 21, 1995. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Unity Bancorp stands at 46.51, as last reported on the 17th of December 2024, with the highest price reaching 46.51 and the lowest price hitting 46.51 during the day.
If you're considering investing in Unity Stock, it is important to understand the factors that can impact its price. Unity Bancorp appears to be very steady, given 3 months investment horizon. Unity Bancorp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the firm had a 0.21% return per unit of risk over the last 3 months. By inspecting Unity Bancorp's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please review Unity Bancorp's Coefficient Of Variation of 436.54, risk adjusted performance of 0.1726, and Semi Deviation of 0.992 to confirm if our risk estimates are consistent with your expectations.
At this time, Unity Bancorp's Total Stockholder Equity is fairly stable compared to the past year. Liabilities And Stockholders Equity is likely to rise to about 2.7 B in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 9.2 M in 2024. . At this time, Unity Bancorp's Price Earnings Ratio is fairly stable compared to the past year. Price Book Value Ratio is likely to rise to 1.40 in 2024, whereas Price To Sales Ratio is likely to drop 1.85 in 2024. Unity Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 20th of January 1997 | 200 Day MA 32.6477 | 50 Day MA 41.9746 | Beta 1.003 |
Unity |
Sharpe Ratio = 0.2141
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Estimated Market Risk
| 2.65 actual daily | 23 77% of assets are more volatile |
Expected Return
| 0.57 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Unity Bancorp is performing at about 16% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Unity Bancorp by adding it to a well-diversified portfolio.
Price Book 1.6444 | Price Sales 4.7051 | Shares Float 6.2 M | Dividend Share 0.51 | Wall Street Target Price 48 |
Related Headline
HMN Financial Headline on 9th of October 2024
Disposition of 109464 shares by Hmn Financial Inc Employee S... by businesswire.com
Filed transaction by HMN Financial Other: Esop Trustee. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)
Unity Bancorp Valuation on October 31, 2024
It is possible to determine the worth of Unity Bancorp on a given historical date. On October 31, 2024 Unity was worth 39.28 at the beginning of the trading date compared to the closed value of 38.57. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Unity Bancorp stock. Still, in general, we apply an absolute valuation method to find Unity Bancorp's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Unity Bancorp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Unity Bancorp's related companies.
| Open | High | Low | Close | Volume | |
| 39.89 | 40.30 | 39.40 | 39.40 | 21,394 | |
10/31/2024 | 39.28 | 39.31 | 38.57 | 38.57 | 14,901 |
| 38.67 | 38.69 | 38.12 | 38.47 | 23,669 |
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Unity Bancorp Trading Date Momentum on October 31, 2024
| On November 01 2024 Unity Bancorp was traded for 38.47 at the closing time. The top price for the day was 38.69 and the lowest listed price was 38.12 . The trading volume for the day was 23.7 K. The trading history from November 1, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 0.26% . The trading price change against the current closing price is 18.59% . |
Unity Bancorp Fundamentals Correlations and Trends
By evaluating Unity Bancorp's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Unity Bancorp's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Unity financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Unity Bancorp Stock history
Unity Bancorp investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Unity is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Unity Bancorp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Unity Bancorp stock prices may prove useful in developing a viable investing in Unity Bancorp
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 10.3 M | 9.2 M | |
| Net Income Applicable To Common Shares | 44.2 M | 46.4 M |
Unity Bancorp Stock Technical Analysis
Unity Bancorp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Unity Bancorp Period Price Range
Low | December 17, 2024
| High |
0.00 | 0.00 |
Unity Bancorp cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Unity Bancorp December 17, 2024 Market Strength
Market strength indicators help investors to evaluate how Unity Bancorp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Unity Bancorp shares will generate the highest return on investment. By undertsting and applying Unity Bancorp stock market strength indicators, traders can identify Unity Bancorp entry and exit signals to maximize returns
Unity Bancorp Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Unity Bancorp's price direction in advance. Along with the technical and fundamental analysis of Unity Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Unity to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1726 | |||
| Jensen Alpha | 0.4041 | |||
| Total Risk Alpha | 0.3139 | |||
| Sortino Ratio | 0.3527 | |||
| Treynor Ratio | 0.2438 |
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Additional Tools for Unity Stock Analysis
When running Unity Bancorp's price analysis, check to measure Unity Bancorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Unity Bancorp is operating at the current time. Most of Unity Bancorp's value examination focuses on studying past and present price action to predict the probability of Unity Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unity Bancorp's price. Additionally, you may evaluate how the addition of Unity Bancorp to your portfolios can decrease your overall portfolio volatility.