Unity Bancorp Reports Quarterly Earnings of 10.9 Million
UNTY Stock | USD 46.51 0.99 2.08% |
Slightly above 67% of Unity Bancorp's investor base is looking to short. The analysis of overall sentiment of trading Unity Bancorp stock suggests that many investors are alarmed at this time. Unity Bancorp's investing sentiment can be driven by a variety of factors including economic data, Unity Bancorp's earnings reports, geopolitical events, and overall market trends.
Unity |
CLINTON, N.J., Oct. 11, 2024 -- Unity Bancorp, Inc. , parent company of Unity Bank, reported net income of 10.9 million, or 1.07 per diluted share, for the quarter ended September 30, 2024, compared to net income of 9.5 million, or 0.93 per diluted share for the quarter ended June 30, 2024. This represents a 15.3 percent increase in net income and a 15.1 percent increase in net income per diluted share. For the nine months ended September 30, 2024, Unity Bancorp reported net
Read at finance.yahoo.com
Unity Bancorp Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Unity Bancorp can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Unity Bancorp Fundamental Analysis
We analyze Unity Bancorp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Unity Bancorp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Unity Bancorp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Short Ratio
Short Ratio Comparative Analysis
Unity Bancorp is currently under evaluation in short ratio category among its peers. Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Unity Bancorp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Unity Bancorp stock to make a market-neutral strategy. Peer analysis of Unity Bancorp could also be used in its relative valuation, which is a method of valuing Unity Bancorp by comparing valuation metrics with similar companies.
Peers
Unity Bancorp Related Equities
HFBL | Home Federal | 4.70 | ||||
MBCN | Middlefield Banc | 0.29 | ||||
PBHC | Pathfinder Bancorp | 0.11 | ||||
AFBI | Affinity Bancshares | 0.09 | ||||
OBT | Orange County | 0.05 | ||||
TCBS | Texas Community | 0.07 | ||||
PMHG | Prime Meridian | 0.37 | ||||
CHMG | Chemung Financial | 0.63 | ||||
WMPN | William Penn | 1.08 | ||||
FRBA | First Bank | 1.09 | ||||
PBFS | Pioneer Bancorp | 1.18 | ||||
MRBK | Meridian Bank | 1.69 | ||||
CWBC | Community West | 2.20 | ||||
STEL | Stellar Bancorp, | 2.84 |
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.