Unity Bancorp buys tax credits as DA Davidson rates Unity Bancorp stock Buy
Unity Bancorp (UNTY) recently purchased $27.6 million in transferable federal investment tax credits, expecting a $2.5 million increase in net income for the third quarter of 2026. This transaction follows a strong second quarter where net income rose to $14.5 million. DA Davidson has reaffirmed a Buy rating on Unity Bancorp stock, which is currently trading 12.56 percent below its 52-week high.
A 20th-anniversary car show will support groups helping families facing homelessness
Unity Bank is hosting its 20th Anniversary Charity Car Show on October 4, 2026, to benefit Family Promise of Warren County and Family Promise of Hunterdon County, organizations dedicated to assisting families experiencing or at risk of homelessness. The event will take place at the bank's corporate headquarters in Clinton, New Jersey, featuring classic cars, music, food vendors, and family activities. All proceeds from vehicle registrations will go to the charities, continuing a two-decade tradition of community support.
Unity Bank Celebrates 20th Anniversary Charity Car Show Benefiting Family Promise
Unity Bank is hosting its 20th Anniversary Charity Car Show on October 4, 2026, at its Clinton, N.J., headquarters to benefit Family Promise of Warren County and Family Promise of Hunterdon County. The event, which aims to support families experiencing or at risk of homelessness, will feature classic cars, music, food, and family activities. Admission is free for spectators, and car owners can register their vehicles online or on the day of the event for $20.
Unity Bancorp announces CEO retirement and leadership transition
Unity Bancorp announced that its long-serving CEO, James A. Hughes, will retire on March 31, 2027, after 26 years, and will be succeeded by current President George Boyan. This transition is part of a planned succession to maintain the bank's community-focused model and support continued growth. Hughes' retirement benefit was also amended, resulting in a one-time pre-tax expense for the company.
Unity Bancorp (NASDAQ:UNTY) Share Price Breaks Below Two Hundred Day Moving Average - Here's Why
Unity Bancorp (NASDAQ: UNTY) shares recently fell below their 200-day moving average, trading as low as $53.76, despite analysts maintaining a "Buy" rating and a consensus price target of $65.50. The company slightly missed earnings and revenue estimates but increased its quarterly dividend to $0.17 per share. Insider selling and institutional investments have also been noted.
Unity Bancorp Appoints Boyan as CEO
Unity Bancorp has announced the appointment of Boyan as its new Chief Executive Officer. This leadership change is a significant development for the company. The article details this key appointment.
Unity Bancorp, Inc. and Unity Bank Announce Retirement of CEO James A. Hughes and Planned Leadership Succession
Unity Bancorp, Inc. and Unity Bank announced that CEO James A. Hughes will retire on March 31, 2027, after over 26 years of service, but will remain on the Boards of Directors. George Boyan, current President, has been unanimously selected as his successor, effective April 1, 2027, following a multi-year succession plan. Hughes' tenure saw significant growth, increased shareholder value, and expansion for Unity Bank, which now has 22 branches across New Jersey and Pennsylvania.
Unity Bancorp Will Provide Early Look At Q3 Earnings Season (NASDAQ:UNTY)
Unity Bancorp (UNTY) is set to report its Q3 2026 earnings, being one of the first financial companies to do so. The bank has shown strong loan growth and profitability with a P/E of 9.87, and its Q2 2026 net interest margin rose to 4.56%. Despite a nonaccrual commercial real estate loan impacting asset quality, the author reaffirms a Buy rating due to high efficiency, reasonable valuation, and resilience.
Unity Bancorp stock faces CEO succession after 26 years
Unity Bancorp (ISIN US9132901029) shares closed at USD 57.06 on September 23, 2026, marking a 1.35% decrease, following the announcement of CEO James A. Hughes's retirement effective March 31, 2027, after 26 years of leadership. Current president George Boyan is slated to take over. The bank also reported Q2 EPS of USD 1.42 and revenue of USD 33.75 million, both falling short of consensus estimates.
Unity Bancorp CEO James Hughes to retire after 26 years By Investing.com
Unity Bancorp, Inc. announced that CEO James A. Hughes will retire on March 31, 2027, after 26 years with the company. He will remain on the boards of Unity Bancorp and Unity Bank. President George Boyan has been named his successor, effective April 1, 2027, following a multi-year succession planning process.
Unity Bancorp CEO James Hughes to retire; successor named
James A. Hughes, CEO of Unity Bancorp (UNTY), is set to retire on March 31, 2027, after more than 26 years with the company. George Boyan, the current president, will succeed him as CEO on April 1, 2027. During Hughes' tenure, Unity Bancorp's total assets grew significantly from approximately $356 million to $3.2 billion.
Assets grew from about $356 million to $3.2 billion under Unity Bank's retiring CEO.
Unity Bancorp (UNTY) has announced that CEO James A. Hughes will retire on March 31, 2027, after more than 26 years of service, with current president George Boyan set to succeed him. Under Hughes' leadership, Unity Bank's assets grew significantly from $356 million to $3.2 billion, market capitalization increased from $7.4 million to over $575 million, and the bank expanded to 22 branches. Hughes will remain on both the company and bank boards, ensuring continuity and leveraging his extensive experience.
Unity Bancorp, Inc. and Unity Bank Announce Retirement of CEO James A. Hughes and Planned Leadership Succession
Unity Bancorp, Inc. and Unity Bank announced that CEO James A. Hughes will retire on March 31, 2027, after 26 years of service. Current President George Boyan has been unanimously selected by the Boards to succeed Hughes as CEO, effective April 1, 2027. Hughes will remain on both the Unity Bancorp, Inc. and Unity Bank Boards of Directors, and the transition is the result of a deliberate, multi-year succession plan designed to ensure continued growth and uphold the company's relationship-based banking model.
Unity Bancorp CEO James Hughes to retire after 26 years By Investing.com
Unity Bancorp, Inc. announced that CEO James A. Hughes will retire on March 31, 2027, after 26 years with the company, but will remain on the boards of Unity Bancorp and Unity Bank. George Boyan, the current President, has been named his successor, effective April 1, 2027. Under Hughes' leadership, Unity Bancorp significantly grew its assets from $356 million to $3.2 billion and expanded to 22 branch locations.
Unity Bancorp CEO James Hughes to retire after 26 years
Unity Bancorp, Inc. (NASDAQ:UNTY) has announced that CEO James A. Hughes will retire on March 31, 2027, after 26 years with the company. George Boyan, the current President, will succeed him as CEO, effective April 1, 2027. During Hughes's tenure, Unity Bancorp significantly expanded, growing assets from $356 million to $3.2 billion and increasing market capitalization from $7.4 million to over $575 million.
Unity Bancorp stock holds near its yearly range
Unity Bancorp stock closed on September 21, 2026, within its 52-week trading range, providing investors with a clear reference point. The article emphasizes assessing the stock based on its primary-market quote and the latest periodized bank figures, rather than comparing it to unrelated companies like Unity Software. Key market figures like closing price, volume, and market capitalization frame the stock's valuation within its historical performance.
Unity Bancorp, Inc.(NasdaqGM: UNTY) added to S&P Regional Banks Select Industry Index
Unity Bancorp, Inc. (NasdaqGM: UNTY) has been added to the S&P Regional Banks Select Industry Index. The article also provides recent news regarding the company, including a quarterly dividend increase to $0.17 per share and details about its company profile and financial data. Analyst consensus currently rates UNTY as a "BUY" with an average target price of $68.55.
Unity Bancorp, Inc. (NASDAQ:UNTY) Receives Average Recommendation of "Buy" from Brokerages
Unity Bancorp, Inc. (NASDAQ:UNTY) has received an average "Buy" rating from six brokerages, with an average 12-month price target of $65.50. Despite slightly missing recent quarterly EPS and revenue estimates, analysts maintain positive outlooks, and the company recently increased its quarterly dividend to $0.17 per share. Shares opened at $59.25, near their 52-week high, following several analyst upgrades and reiterations of "Buy" ratings.
Unity Bancorp Boosts Earnings with Federal Tax Credits
Unity Bancorp (UNTY) recently purchased $27.6 million in transferable federal investment tax credits for $25.1 million. This strategic move is expected to result in a $2.5 million increase in net income for the quarter ending September 30, 2026, by reducing income tax expense. The company views this investment as a way to prudently enhance shareholder value, with contractual protections in place to mitigate potential recapture risks.
UNITY Bancorp - Purchases $27.60 Mln Federal
This article reports that UNITY Bancorp has purchased $27.60 million worth of federal assets. The brief nature of the information suggests a straightforward financial transaction has occurred.
UNITY Bancorp Inc (NASDAQ: UNTY) Acquires $25.1M Tax Credits, Anticipates $2.5M Net Income Boost
UNITY Bancorp Inc. (NASDAQ: UNTY) has acquired $25.1 million in tax credits at a purchase price of approximately $0.91 per dollar. This strategic move is expected to result in a one-time reduction in income-tax expenses and boost the company's net income by about $2.5 million for the quarter ending September 30, 2026. The credits will primarily be utilized through a federal tax carry-back claim, with recapture protections remaining in place.
DA Davidson Reaffirms Buy Rating for Unity Bancorp (NASDAQ:UNTY)
DA Davidson has reaffirmed its "Buy" rating for Unity Bancorp (NASDAQ:UNTY) and maintained a $68 price target, suggesting a potential 13.25% upside. Despite slightly missing quarterly earnings and revenue estimates, analyst sentiment remains positive with an overall "Buy" consensus rating. The stock saw a 1.6% increase to $60.05 following the report.
DA Davidson reiterates Buy on Unity Bancorp stock on tax credit gain
DA Davidson has reiterated a Buy rating and a $68.00 price target for Unity Bancorp (NASDAQ: UNTY) after the company announced the purchase of $27.6 million in transferable federal energy investment tax credits for $25.1 million. This transaction is expected to result in a one-time benefit of $2.5 million, or approximately $0.29 per share, in the third quarter of 2026. The firm anticipates Unity Bancorp will continue to pursue similar energy tax credits in the future, despite the one-time nature of this particular gain.
Unity Bancorp Acquires $27.6M in Transferable Federal Tax Credits, Anticipates $2.5M Q3 Income Boost
Unity Bancorp, Inc. has acquired approximately $27.6 million in transferable federal investment tax credits for $25.1 million. This acquisition is expected to result in a one-time net income increase of about $2.5 million for the quarter ending September 30, 2026. The company plans to utilize these credits through a carry-back claim and has secured protections against the five-year recapture period.
Unity Bancorp, Inc. $UNTY Holdings Trimmed by Wellington Management Group LLP
Wellington Management Group LLP reduced its stake in Unity Bancorp (NASDAQ:UNTY) by 33.4% in Q2, selling 65,359 shares and retaining 130,043 shares valued at approximately $7.6 million. Despite this, institutional investors collectively own 42.31% of the company, and analysts maintain a "Buy" rating with an average price target of $65.50. Unity Bancorp recently increased its quarterly dividend from $0.16 to $0.17 per share, although its latest quarterly earnings of $1.42 per share slightly missed the consensus estimate of $1.44.
Bank of New York Mellon Corp Acquires New Position in Unity Bancorp, Inc. $UNTY
Bank of New York Mellon Corp has initiated a new position in Unity Bancorp, Inc. by purchasing 33,660 shares valued at approximately $1.98 million, representing 0.34% of the company. Institutional investors now own 42.31% of Unity Bancorp, which recently increased its quarterly dividend to $0.17 per share. Despite slightly missing recent earnings expectations, analysts maintain a "Buy" rating with an average price target of $65.50.
UNITY BANCORP INC (NASDAQ: UNTY) President Boyan George Sells 7,349 Shares at Up to $59.16
UNITY BANCORP INC's President, Boyan George, sold a total of 7,349 shares in two transactions on September 2 and September 3, 2026, at prices between $59.11 and $59.16 per share. Following these sales, George's ownership in the company stands at 25,015 shares. The transactions were recorded with transaction code 'S'.
Empowered Funds LLC Buys Shares of 25,848 Unity Bancorp, Inc. $UNTY
Empowered Funds LLC recently acquired 25,848 shares of Unity Bancorp, Inc. (NASDAQ:UNTY) valued at approximately $1.52 million, increasing institutional ownership to 42.31%. Analysts maintain a positive outlook for Unity Bancorp with a consensus "Buy" rating and an average price target of $65.50. The company also raised its quarterly dividend to $0.17 per share, despite slightly missing recent earnings and revenue estimates.
Precision Trading with Unity Bancorp Inc. (UNTY) Risk Zones
This article analyzes Unity Bancorp Inc. (UNTY), highlighting divergent sentiment across trading horizons and an oscillating mid-channel pattern. It presents three AI-generated trading strategies with specific entry, target, and stop-loss zones for different risk profiles, emphasizing risk-reward setups for potential gains.
550,326 Shares in Unity Bancorp, Inc. $UNTY Purchased by BlackRock Inc.
BlackRock Inc. recently acquired 550,326 shares of Unity Bancorp, Inc. (NASDAQ:UNTY) in the second quarter, representing a 5.48% stake valued at approximately $32.3 million. Despite missing quarterly earnings and revenue expectations slightly, Unity Bancorp increased its quarterly dividend, and analysts maintain a "Buy" consensus with an average price target of $65.50. Institutional investors collectively own 42.31% of the company's stock.
Shareholder plans $385K Unity Bancorp (UNTY) stock sale
A shareholder of Unity Bancorp (UNTY), George Boyan, has filed a Rule 144 notice indicating a proposed sale of 6,504 shares of common stock through Morgan Stanley Smith Barney LLC on NASDAQ, with an aggregate market value of $384,791.60. The shares were acquired between January and April 2025 via dividend reinvestment and restricted stock awards. The filing also noted a previous sale of 845 shares for $49,944.94 in the past three months.
ICPC: Adeyemi Created More Fake Agencies, Opened Bank Accounts for Them
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has revealed that Adeniyi Adeyemi, already accused of falsely presenting himself as the Director-General of the illegal Presidential Foreign Intervention Promotion Council (PFIPC), created even more fictitious government agencies. He used forged legislative documents to open bank accounts for these new fake entities, including the FCT Investment Promotion Agency and the Foreign Investment Promotion Agency and Public-Private Partnership. This discovery follows President Bola Tinubu's directive for a probe into PFIPC, with Adeyemi now facing prosecution for forgery, impersonation, and other related offenses.
Connor Clark & Lunn Investment Management Ltd. Makes New Investment in Unity Bancorp, Inc. $UNTY
Connor Clark & Lunn Investment Management Ltd. has acquired a new stake in Unity Bancorp, Inc. (NASDAQ:UNTY), purchasing 41,061 shares valued at approximately $2.41 million. This investment represents a 0.41% ownership in the company, with institutional investors now collectively holding 42.31% of the stock. Analysts maintain a "Buy" rating for Unity Bancorp with an average price target of $65.50, and the company recently increased its quarterly dividend to $0.17 per share.
Unity Bancorp, Inc. (NASDAQ:UNTY) Receives Consensus Rating of "Buy" from Analysts
Unity Bancorp, Inc. (NASDAQ:UNTY) has received a consensus "Buy" rating from analysts, with an average 12-month price target of $65.50. Institutional ownership has increased, now accounting for 42.31% of the company, while insiders hold 28.87%. The company recently raised its quarterly dividend to $0.17 per share, though its latest quarterly earnings slightly missed estimates.
Unity Bancorp Ups Quarterly Dividend 6% to $0.17 per Share, Payable Sept. 17 to Shareholders of Record Sept. 3
Unity Bancorp has increased its quarterly dividend by 6% to $0.17 per share. This dividend is payable on September 17, 2026, to shareholders of record as of September 3, 2026. The announcement was made on August 20, 2026.
Unity Bancorp Announces 6% Increase in Third Quarter Dividend
Unity Bancorp, Inc. has announced a 6% increase in its third-quarter cash dividend, raising it to $0.17 per common share. This decision, approved by the Board of Directors, reflects the company's strong financial performance and commitment to shareholder value. The dividend is payable on September 17, 2026, to shareholders of record as of September 3, 2026.
Unity Bancorp sets a 17-cent cash payment for shareholders on Sept. 17
Unity Bancorp (NASDAQ: UNTY) announced a 6% increase in its quarterly cash dividend to $0.17 per common share, payable on September 17, 2026, to shareholders of record as of September 3, 2026. This decision reflects the company's strong financial performance, disciplined balance sheet management, and commitment to delivering shareholder value. Unity Bancorp currently manages approximately $3.2 billion in assets and $2.5 billion in deposits.
Unity Bancorp (NASDAQ: UNTY) CFO now owns 6,079 shares after tax withholding
Unity Bancorp's CFO, James R. Davies, now beneficially owns 6,079 shares after 91 restricted shares were withheld for tax liability on August 16, 2026, at $61.82 per share. This withholding was due to the vesting of 250 restricted shares. His holdings include 3,963 restricted shares and 2,116 common shares.
Unity Bancorp (NASDAQ:UNTY) Sets New 52-Week High - Time to Buy?
Unity Bancorp (NASDAQ:UNTY) recently reached a new 52-week high of $61.30, with analysts maintaining a "Buy" consensus and an average target price of $65.50. Despite slightly missing Q2 earnings expectations with $1.42 EPS versus $1.44 expected, the company demonstrated strong financial health with a 30.26% net margin and 16.40% return on equity. Institutional investors hold 42.31% of the company, and insiders own 28.87%, indicating significant ownership stakes.
Unity Bancorp, Inc. Joins NJEDA Premier Lender Program to Expand Small Business Financing
Unity Bancorp, Inc. has joined the New Jersey Economic Development Authority's (NJEDA) Premier Lender Program. This partnership aims to increase access to financing for small and mid-sized businesses across New Jersey. The program allows Unity Bank to offer more flexible terms and reduce risk for eligible businesses, fostering economic growth and job creation within the state.
Unity Bancorp board member Robert Dallas passes away By Investing.com
Unity Bancorp, Inc. announced the passing of Robert H. Dallas II, a founding member and board member who served the company for over three decades. Dallas played a crucial role in guiding Unity Bank from its inception to becoming a prominent New Jersey independent banking franchise. The company plans to honor his memory by continuing to uphold the values he championed.
Unity Bank Named New Jersey Economic Development Authority Premier Lender
Unity Bank has been approved as a participant in the New Jersey Economic Development Authority (NJEDA) Premier Lender Program, which aims to support small businesses. This partnership will allow Unity Bank to provide greater access to capital and flexible financing solutions for businesses across New Jersey, fostering economic development and job creation. The program helps overcome financial barriers by allowing NJEDA to guarantee or participate in commercial loans and lines of credit.
Unity Bancorp, Inc. Announces the Demise of Robert H. Dallas II, Member of the Board of Directors
Unity Bancorp, Inc. announced the passing of Robert H. Dallas II, a founding member of Unity Bank's Board of Directors. Mr. Dallas served on the Board since the bank's inception and was instrumental in its growth from a community bank startup to a strong independent banking franchise in New Jersey. His leadership, wisdom, and commitment significantly impacted the organization for over three decades.
Unity Bancorp mourns the passing of founding director Robert H. Dallas II, a key leader for over 30 years.
Unity Bancorp, Inc. announced the passing of Robert H. Dallas II, a founding member and long-serving director who was instrumental in the bank's growth into a leading independent franchise in New Jersey. Dallas II's leadership and dedication for over three decades significantly shaped the company's culture and success. Unity Bancorp, which serves retail and business customers in New Jersey and Pennsylvania with $3.2 billion in assets, expressed its condolences and commitment to honoring his legacy.
Unity Bancorp Mourns Passing of Founding Director Robert “Bobby” H. Dallas II
Unity Bancorp, Inc. (NASDAQ: UNTY) announced the passing of Robert “Bobby” H. Dallas II, a founding member and long-time Board Director. Dallas played a crucial role in the bank's growth from a startup to an independent banking franchise with approximately $3.2 billion in assets. CEO James A. Hughes praised Dallas's integrity, humility, and commitment, stating his contributions will be remembered for generations.
Unity Bancorp board member Robert Dallas passes away
Robert H. Dallas II, a founding member and long-serving board member of Unity Bancorp, Inc., has passed away. Dallas played a crucial role in guiding Unity Bank from its inception into a significant New Jersey independent banking franchise. The company and its Board of Directors plan to honor his legacy by upholding the values he championed.
Unity Bancorp, Inc. Mourns the Passing of Director Robert ('Bobby') H. Dallas II
Unity Bancorp, Inc. announced the passing of Robert ("Bobby") H. Dallas II, a founding member and long-serving director of the company. Mr. Dallas was instrumental in guiding Unity Bank's growth and success over more than three decades, shaping its culture and values. The company's CEO, James A. Hughes, expressed deep sadness and gratitude for his contributions, emphasizing his lasting impact on Unity and the communities it serves.
Robert Dallas II, Unity Bank founding member, passes
Unity Bancorp (NASDAQ: UNTY) announced the passing of Robert "Bobby" H. Dallas II, a founding member of Unity Bank and a director since its inception. Mr. Dallas was credited with guiding the bank's growth over three decades into a leading independent banking franchise in New Jersey. The company, with approximately $3.2 billion in assets and $2.5 billion in deposits, expressed deep sadness and committed to upholding the values he championed.
Unity Bancorp director Robert H. Dallas II reported deceased
Unity Bancorp (UNTY) has announced the passing of its director, Robert H. Dallas II, who served on the company's board. His death was effective August 3, 2026, and his leadership and guidance during his tenure were noted. The information is based on an SEC filing from August 7, 2026.
Form 8K Unity Bancorp Inc For: 7 August By Investing.com
This article from Investing.com reports on Unity Bancorp Inc.'s Form 8K filing for August 7th. The brief piece indicates that the financial markets worldwide are open, and directs users to view comments and related financial data for UNTY. It is a concise news item primarily serving as an announcement of the filing.
