KBW Keeps Their Buy Rating on Unity Bancorp (UNTY)
KBW analyst David Konrad reiterated a Buy rating on Unity Bancorp yesterday and set a price target of $65.00. The company’s shares closed yesterday at $54.68.
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Konrad covers the Financial sector, focusing on stocks such as Bank of New York Mellon, Fulton Financial, and State Street. According to TipRanks, Konrad has an average return of 23.4% and an 82.04% success rate on recommended stocks.
Unity Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $63.00.
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 54 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, Mary Gross, a Director at UNTY sold 3,300.00 shares for a total of $179,850.00.
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