UNTY
Unity Bancorp, Inc.Financial Services·Banks - Regional
$55.86
$561M market cap
Revenue
$97.8M
Free Cash Flow
$20.6M
Rev Growth
+0.0%
FCF Margin
21.0%
P/FCF
27.3x
EV/FCF
23.1x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Unity Bancorp, Inc. operates as the holding company for Unity Bank that provides commercial and retail banking products and services to individuals, small and medium sized businesses, and professional communities. The company offers personal and business checking accounts, time deposits, money market accounts, and regular savings accounts, as well as noninterest and interest-bearing demand deposits. It also provides small business administration loans; commercial loans; and residential mortgage
2-Year Price History
$54.58+100.5%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 48.1 | 19.2 | 19.2 | 14.3 | 14.9 | 14.5 | -0.4 | 344.4 | 258.6 | 10.2 | 15.8% | 1.3x | -- |
| Act | 2025-Q4 | 49.8 | 19.7 | 19.7 | 15.5 | 6.8 | 6.1 | -0.7 | 340.5 | 266.1 | 10.2 | 16.4% | 1.4x | -- |
Valuation & Metrics
Market Stats
Price$55.86
Market Cap$561M
Enterprise Value$475M
P/S Ratio5.7x
P/FCF27.3x
EV/FCF23.1x
FCF Margin (TTM)21.0%
FCF Yield3.7%
Dividend Yield (TTM)1.4%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$97.8M
Net Income$29.8M
Free Cash Flow$20.6M
Revenue Growth (YoY)+0.0%
EBITDA Margin39.8%
Net Margin30.4%
FCF Margin21.0%
CapEx % of Revenue1.2%
SBC % of Revenue1.1%
ROIC16.1%
WC Change % Rev-0.4%
Interest Coverage1.3x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.1M
Days to Cover1.7
Change (vs Prior)+8.5%
Need at least 2 settlement dates for chart
Employees
Headcount227
Revenue / Employee$430,930
Gross Profit / Employee$298,789
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
29.8%(+6.7% YoY)
118 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
16.7%(+3.6% YoY)
9 filers
Vanguard, iShares, SPDR
Market makers
0.2%(+0.1% YoY)
4 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| BlackRock, Inc.Passive | $26.3M | $34.92 | −$365K | −$3.8M | -0.2% | $5.69T |
| DIMENSIONAL FUND ADVISORS LPPassive | $23.2M | $25.45 | −$171K | −$1.3M | -0.4% | $480.92B |
| BANC FUNDS CO LLC | $19.5M | $24.58 | +$0 | −$11.9M | -1.4% | $537M |
| ALLIANCEBERNSTEIN L.P. | $18.8M | $31.71 | +$268K | +$1.4M | -0.3% | $307.70B |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $15.7M | $51.83 | +$15.7M | +$15.7M | — | $4.04T |
| AMERICAN CENTURY COMPANIES INC | $11.9M | $42.96 | +$1.3M | +$4.7M | +0.7% | $193.48B |
| WELLINGTON MANAGEMENT GROUP LLP | $10.1M | $42.94 | −$2.3M | −$2.9M | -0.3% | $533.98B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $8.7M | $28.45 | −$31K | +$585K | +2.3% | $1.61T |
| Pacific Ridge Capital Partners, LLC | $8.2M | $35.37 | +$476K | −$58K | -0.8% | $462M |
| STATE STREET CORPPassive | $7.7M | $34.38 | +$1.1M | +$2.1M | -0.2% | $2.89T |
| MALTESE CAPITAL MANAGEMENT LLC | $7.5M | $34.79 | −$734K | +$136K | -0.7% | $508M |
| MORGAN STANLEY | $7.4M | $40.38 | +$926K | +$4.6M | -0.3% | $1.65T |
| ROYCE & ASSOCIATES LP | $6.7M | $27.79 | −$49K | −$913K | -0.9% | $10.09B |
| JPMORGAN CHASE & CO | $4.5M | $37.28 | +$613K | +$217K | -0.2% | $1.47T |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $4.5M | $37.01 | +$223K | +$243K | -2.3% | $4.93B |
| VANGUARD PORTFOLIO MANAGEMENT LLCPassive | $4.4M | $51.83 | +$4.4M | +$4.4M | — | $1.91T |
| ACADIAN ASSET MANAGEMENT LLC | $4.2M | $29.82 | −$252K | −$903K | -0.5% | $70.48B |
| KENNEDY CAPITAL MANAGEMENT LLC | $4.1M | $40.28 | +$57K | +$1.3M | -1.5% | $4.72B |
| NORTHERN TRUST CORPPassive | $3.8M | $31.23 | +$66K | +$820K | -0.2% | $755.34B |
| Rosenthal {-} Henry Capital Advisors, Inc. | $2.7M | $22.62 | +$0 | +$0 | -2.4% | $102M |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-0.38%
avg per quarter
Holders (ex-self)
-0.40%
excl. this stock
Buyers (this Q)
-0.05%
70 buyers · $0.04B in
Sellers (this Q)
-0.08%
41 sellers · $0.01B out
alpha coverage: 91% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+15.1%
how holders react when this stock falls
On quiet Qs
-0.3%
−10% to +10% baseline
On rallies (+10%+)
-14.3%
how they react when this stock rises
Holders' portfolio flow this Q
+2.1%
inflows — adds are organic
Sellers' portfolio flow this Q
-1.5%
Sellers shed AUM broadly — partly forced.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-4.4%
Holder mid (any stock)
-3.8%
Holder rally (any stock)
-5.8%
Biggest decreases this quarter
Axecap Investments, LLCexited−$2.5MWELLINGTON MANAGEMENT GROUP LLP−$2.3Mα-0.3TUDOR INVESTMENT CORP ET ALexited−$952KPRINCIPAL FINANCIAL GROUP INCexited−$852KMALTESE CAPITAL MANAGEMENT LLC−$734Kα-0.7HRT FINANCIAL LPexited−$675KBlackRock, Inc.−$365Kα-0.2NewEdge Advisors, LLCexited−$256KFRANKLIN RESOURCES INCexited−$254KACADIAN ASSET MANAGEMENT LLC−$252Kα-0.5
New buyers this quarter
Top-5 holders · 40.0%
BlackRock, Inc.--
DIMENSIONAL FUND ADVISORS LP--
BANC FUNDS CO LLC--
ALLIANCEBERNSTEIN L.P.--
VANGUARD CAPITAL MANAGEMENT LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
BANC FUNDS CO LLC375KALLIANCEBERNSTEIN L.P.364KWELLINGTON MANAGEMENT GROUP LLP195KENDICOTT MANAGEMENT CO—Fourthstone LLC—AMERICAN CENTURY COMPANIES INC230KPacific Ridge Capital Partners, LLC159KMALTESE CAPITAL MANAGEMENT LLC145KROYCE & ASSOCIATES LP128KMORGAN STANLEY143K
Analyst Coverage
Analyst Coverage
Price Targets
Last Quarter (1 analysts)$68.002170.0%
Last Year (3 analysts)$64.671580.0%
Current Price$55.86
Analyst Ratings
5
Buy: 5Consensus: Buy
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Sells ($, 12mo)
$572K
8 txns · 5 insiders · 10,407 sh
Major holders (≥10% beneficial owners)
Buys ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Sells ($, 12mo)
$735K
2 txns · 1 insider · 14,813 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-04-17 | SELL | Gross Mary E. | director | 2,075 | $56.01 | $116K | $1.04M |
| 2026-03-13 | SELL | DALLAS ROBERT H II | director, 10 percent owner: | 7,725 | $49.60 | $383K | $1.59M |
| 2026-03-12 | SELL | DALLAS ROBERT H II | director, 10 percent owner: | 7,088 | $49.70 | $352K | $1.98M |
| 2026-02-18 | SELL | HUGHES JAMES A | director, officer: CEO | 1,500 | $54.50 | $82K | $9.43M |
| 2026-01-29 | SELL | Donovan James Joseph | officer: Chief Lending Officer/FSVP | 265 | $52.11 | $14K | $0 |
| 2026-01-15 | SELL | Donovan James Joseph | officer: Chief Lending Officer/FSVP | 777 | $56.07 | $44K | $0 |
| 2026-01-15 | SELL | Geraci Vincent | officer: Director Mortgage Lending/FSVP | 1,573 | $55.38 | $87K | $0 |
| 2026-01-15 | SELL | Kim Minsu | officer: Chief Credit Officer/SVP | 750 | $56.13 | $42K | $44K |
| 2025-12-11 | SELL | Gross Mary E. | director | 3,300 | $54.50 | $180K | $1.01M |
| 2025-10-22 | SELL | Donovan James Joseph | officer: Chief Lending Officer/FSVP | 167 | $48.30 | $8K | $0 |
Order Flow (FINRA, ~3w lag)
10.8%retail-2.3pp
15.7%dark-0.1pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Unity Bancorp: Routine Metadata Filing Devoid of Forensic Red Flags
Overall Risk
2/10
Fraud
1/10
Dilution
1/10
Insolvency
2/10
Earnings Overstated
1/10
Hidden Liabilities
1/10
Legal
1/10
Audit Warnings
1/10
Hidden Upside
1/10
Contextually Acceptable
10/10