Unity Bancorp's 15min chart sees Bollinger Bands expand downward, bearish marubozu.

Unity Bancorp's 15-minute chart has recently exhibited characteristics of a bearish trend, as evidenced by the expansion of Bollinger Bands downward and the presence of a Bearish Marubozu candle at 07/15/2025 14:30. This suggests that sellers are currently driving the market trend, and bearish momentum is likely to persist in the near term.

Unity Bancorp (NASDAQ: UNTY), a financial services organization headquartered in Clinton, New Jersey, reported its second-quarter (Q2) earnings on July 15, 2025, with the company's stock experiencing a bearish trend in the 15-minute chart, as evidenced by the expansion of Bollinger Bands downward and the presence of a Bearish Marubozu candle at 07/15/2025 14:30 [2].

Despite the market trend, Unity Bancorp delivered strong financial results. The company's GAAP earnings per share (EPS) of $1.61 exceeded expectations by $0.43, while non-GAAP EPS of $1.20 surpassed estimates by $0.02. Revenue for the quarter totaled $34.37 million, representing a 35.0% year-over-year (Y/Y) increase and beating estimates by $4.07 million [1].

The quarter's net income of $16.5 million, or $1.61 per diluted share, marked a significant increase compared to the previous quarter's net income of $11.6 million, or $1.13 per diluted share. For the six months ended June 30, 2025, Unity Bancorp reported net income of $28.1 million, or $2.74 per diluted share, compared to $19.0 million, or $1.86 per diluted share, for the same period last year [2].

The company's President and CEO, James A. Hughes, attributed the strong performance to one-time realized gains and provision release related to the sale of securities and release for credit losses on securities of Patriot National Bancorp, Inc. Excluding these one-time events, Unity Bancorp's non-GAAP net income was $12.2 million, or $1.20 per diluted share [2].

The company's loan balances grew by $37.5 million in the second quarter, representing a 1.6% increase from March 31, 2025 and a 5.4% increase from year-end. Total deposits also grew by $12.0 million, or 0.6% from March 31, 2025, and 4.1% since year-end [2].

Unity Bancorp remains optimistic about its future, citing strong loan demand due to robust economic growth in its footprint. The company expects additional rate cuts this year, which may lead to even stronger economic growth in the remainder of the year [2].

Despite the bearish market trend, Unity Bancorp's strong earnings and growth prospects suggest that the company may be undervalued. Investors should closely monitor the company's future earnings releases and market trends to make informed investment decisions.

References:
[1] https://seekingalpha.com/news/4467354-unity-bancorp-gaap-eps-of-1_61-beats-by-0_43-revenue-of-34_37m-beats-by-4_07m
[2] https://www.globenewswire.com/news-release/2025/07/15/3115413/34252/en/Unity-Bancorp-Reports-Quarterly-Earnings-of-16-5-Million.html