Keefe Bruyette has increased its price target for Unity Bancorp (UNTY, Financial) from $55 to $63, maintaining an Outperform rating on the stock. The decision follows a robust quarter for Unity, characterized by a slight increase in net interest margin and sustained strong loan growth. This positive performance has prompted favorable analyst feedback on the company's future prospects.
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 $60.33 with a high estimate of $63.00 and a low estimate of $58.00. The average target implies an upside of 14.70% from the current price of $52.60. 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 $38.20, suggesting a downside of 27.38% from the current price of $52.6. 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.
