Piper Sandler Reiterates Buy Rating on Unity Bancorp, Inc.
Piper Sandler maintains its buy rating on Unity Bancorp, Inc. with a $68 price target, a 16.12% upside from the current price.
Key Points
- Piper Sandler reiterated its buy rating on Unity Bancorp, Inc. (UNTY) with a $68 price target on June 26, 2026.
- Piper Sandler's $68 price target implies 16.12% upside from Unity Bancorp, Inc.'s ($UNTY) current $58.56 share price.
- Shares of NasdaqGM:UNTY traded near $59.24 on Friday, with a market cap of about $581.8 million.
- Insider activity includes sales by executives and a buy by Mark Brody in May 2026.
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Piper Sandler has reiterated its buy rating on Unity Bancorp, Inc. (UNTY) with a price target set at $68. This update, announced on June 26, 2026, by analyst Justin Crowley, continues to reflect the firm's positive outlook on the regional bank.
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Unity Bancorp, Inc. Stock Down 0.4%
Shares of Unity Bancorp, Inc. (NasdaqGM:UNTY) were trading around $59.24 on Friday. The company has a market capitalization of approximately $581.8 million. It maintains a P/E ratio of 9.75 and a forward P/E of 9.16, suggesting a relatively low valuation compared to its earnings. The stock's beta is 0.635, indicating lower volatility compared to the broader market. Over the past year, the stock has ranged from a low of $44.34 to a high of $58.40, with a 50-day moving average of $54.26 and a 200-day moving average of $52.14.
$UNTY price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Unity Bancorp reported revenues of about $132.4 million, reflecting a growth rate of 16.1%. The company's net margin stands at 45.8%, with a return on equity of 18.3%. Earnings per share (EPS) is reported at $5.94. The next earnings report is expected on April 14, 2026.
Insider Buying and Selling at Unity Bancorp, Inc.
Recent insider activity at Unity Bancorp includes several transactions. On June 12, 2026, Chief Retail Officer Daniel Sharabba sold 90 shares at an average price of $55.45. Earlier, on May 27, 2026, Mark Brody sold 1,600 shares at $55.24 but also bought 1,600 shares at $15.70. Additionally, Chief Lending Officer James Joseph Donovan sold 69 shares at $52.43 on May 18, 2026.
Analysts Set New Price Targets
On June 26, 2026, Piper Sandler maintained its buy rating for Unity Bancorp with a price target of $68. Previously, on May 15, 2026, DA Davidson initiated coverage with a buy rating and the same price target. The consensus among analysts is a strong buy, with a mean target price of $64.75 based on four analyst opinions.
About Unity Bancorp, Inc.
Unity Bancorp, Inc. serves as the holding company for Unity Bank, providing a range of financial services including commercial and retail banking. Headquartered in Clinton, New Jersey, the bank offers various deposit accounts, loans, and business services. Under the leadership of CEO James A. Hughes, the company employs 244 people and continues to expand its banking services in the regional market.
Bottom Line
Piper Sandler's reaffirmation of a buy rating and a $68 price target for Unity Bancorp, Inc. underscores confidence in the company's growth prospects. Investors and analysts closely watch these ratings as they provide insight into future performance. As with all 13F filings and analyst updates, it's important to remember that these reports reflect past activity and may not indicate current positions or future actions.
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