Composite Rating For Unity Bancorp Jumps To 97

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


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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