Unity Bancorp's Price Target Raised to $63 by Keefe Bruyette

Keefe Bruyette has raised its price target for Unity Bancorp (UNTY) from $55 to $63, maintaining an Outperform rating. The company's robust quarter, with a slight increase in net interest margin and strong loan growth, has prompted favorable analyst feedback. The average target price from 3 analysts is $60.33, indicating a 14.70% upside from the current price of $52.60.

Keefe Bruyette & Woods has raised its price target for Unity Bancorp (UNTY) 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. The positive performance has prompted favorable analyst feedback on the company's future prospects [1].

The average target price from 3 analysts is $60.33, indicating a 14.70% upside from the current price of $52.60. The consensus recommendation from 3 brokerage firms is currently 1.7, indicating an Outperform status [2].

Unity Bancorp reported strong Q2 2025 financial results with net income of $16.5 million, or $1.61 per diluted share, compared to $11.6 million in Q1 2025. The quarter's performance was boosted by one-time gains of $3.5 million from securities sales and a $2.0 million release for credit losses related to Patriot National Bancorp securities. Key metrics include a ROA of 2.51% and ROE of 21.15%. The bank's net interest margin expanded to 4.49%, with loan balances growing by $37.5 million (1.6%) quarter-over-quarter. Total deposits increased by $12.0 million (0.6%) from Q1 2025 [3].

Unity Bancorp's expansion continues with a new location announced in Morris County, NJ, furthering its strategic growth initiatives. Management's commentary suggests optimism about potential economic tailwinds from anticipated rate cuts, which could further strengthen Unity's performance through the remainder of 2025.

References:
[1] https://www.marketbeat.com/instant-alerts/unity-bancorp-nasdaqunty-price-target-raised-to-6300-2025-07-18/
[2] https://www.gurufocus.com/news/2986958/unity-bancorp-unty-price-target-raised-by-analyst-unty-stock-news
[3] https://www.stocktitan.net/news/UNTY/unity-bancorp-reports-quarterly-earnings-of-16-5-zjsc4efcb8ry.html