Banking

Composite Rating For Unity Bancorp Jumps To 97

The IBD SmartSelect Composite Rating for Unity Bancorp (UNTY) rose from 94 to 97 Monday.




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The revised score means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.

Unity Bancorp is now out of buy range after breaking out from a 20.86 entry in a consolidation. Note that it is a very thinly traded stock, with average daily dollar volume under $1 million.


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The stock sports a 94 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 94% of all stocks.

Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.

In Q1, the company posted 63% earnings growth. That marks three straight reports with rising EPS performance. Revenue growth came in at 10%, down from 13% in the prior quarter.

Unity Bancorp earns the No. 10 rank among its peers in the Banks-Northeast industry group. Capital Bancorp (CBNK), Customers Bancorp (CUBI) and V Bancorp (HVBC) are among the top 5 highly-rated stocks within the group.

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