AlexLMX
Unity Bancorp, Inc.'s (NASDAQ:UNTY) stock price has had an amazing run over the last year, rising by over 90%. As a result of the price rally, the stock’s P/E valuation multiple has climbed, but it’s still not that high when compared
Unity Bancorp: Earnings Likely To Continue To Grow, But Stock Appears Almost Fairly Valued
Summary
- Loan growth will likely slow down because of tariffs, but it will remain positive. Therefore, it will continue to support the bottom line.
- The deposit costs will continue to decline because of anticipated Fed funds rate cuts.
- I’m expecting earnings to grow by 12% this year to $4.54.
- Due to a 7.8% price downside and a small dividend yield of 1.1%, I’m adopting a hold rating on UNTY.
Around 10 years of experience covering Banks and Macroeconomics. Passionate about discovering lucrative investments and generating alpha.
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