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Analysts Offer Insights on Financial Companies: Unity Bancorp (UNTY) and Globe Life (GL)

Tipranks - Tipranks - Thu May 28, 9:32AM CDT

There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Unity Bancorp (UNTY) and Globe Life (GL) with bullish sentiments.

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Unity Bancorp (UNTY)

In a report released today, Jake Civiello from D.A. Davidson maintained a Buy rating on Unity Bancorp. The company’s shares closed last Wednesday at $56.06.

According to TipRanks.com, Civiello is a 4-star analyst with an average return of 10.0% and a 69.1% success rate. Civiello covers the Financial sector, focusing on stocks such as Burke & Herbert Bank & Company, Orrstown Financial Services, and Eagle Financial Services. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Unity Bancorp with a $63.00 average price target, implying a 12.6% upside from current levels. In a report issued on May 22, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $63.00 price target.

See today’s best-performing stocks on TipRanks >>

Globe Life (GL)

In a report released today, Randy Binner from Texas Capital Securities maintained a Buy rating on Globe Life, with a price target of $170.00. The company’s shares closed last Wednesday at $155.55.

Binner has an average return of 13.8% when recommending Globe Life. ;'>

According to TipRanks.com, Binner is ranked #449 out of 12270 analysts.

Currently, the analyst consensus on Globe Life is a Moderate Buy with an average price target of $174.80, which is an 11.8% upside from current levels. In a report released yesterday, Piper Sandler also maintained a Buy rating on the stock with a $175.00 price target.

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