Piper Sandler Keeps Their Buy Rating on Unity Bancorp (UNTY)
In a report released today, Justin Crowley from Piper Sandler maintained a Buy rating on Unity Bancorp, with a price target of $61.00.
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Crowley covers the Financial sector, focusing on stocks such as Eagle Bancorp, Capitol Federal Financial, and Shore Bancshares. According to TipRanks, Crowley has an average return of 15.2% and a 79.59% success rate on recommended stocks.
Unity Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $60.50.
Based on Unity Bancorp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $63.05 million and a net profit of $14.4 million. In comparison, last year the company earned a revenue of $42.13 million and had a net profit of $10.91 million
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UNTY in relation to earlier this year. Last month, James Joseph Donovan, the Chief Lending Officer of UNTY sold 167.00 shares for a total of $8,064.43.
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