Unity Bancorp (UNTY, Financial) has broadened its reach by establishing a new branch located at 269 Main St in Madison, New Jersey. This latest opening boosts the bank's network to a total of 22 branches, enhancing its retail banking presence throughout New Jersey and Pennsylvania. The newly launched 2,000-square-foot branch offers convenient amenities including onsite parking, drive-up banking, and a full-service ATM to cater to customer needs efficiently.
The new branch location, which previously housed another bank, is undergoing updates to align with Unity Bank’s standards for a welcoming and customer-centric environment. The branch team will be led by Linda Kemper, Vice President/Area Manager, aiming to deliver an exceptional banking experience to the community.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Unity Bancorp Inc (UNTY, Financial) is $51.67 with a high estimate of $55.00 and a low estimate of $50.00. The average target implies an upside of 17.66% from the current price of $43.91. More detailed estimate data can be found on the Unity Bancorp Inc (UNTY) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Unity Bancorp Inc's (UNTY, Financial) average brokerage recommendation is currently 1.7, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Unity Bancorp Inc (UNTY, Financial) in one year is $37.89, suggesting a downside of 13.71% from the current price of $43.91. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Unity Bancorp Inc (UNTY) Summary page.
