Piper Sandler has revised its price target for Unity Bancorp (UNTY, Financial), lowering it from $54 to $50, while maintaining an Overweight rating. This adjustment comes in the wake of Unity's recent quarterly performance, which showcased notable financial strength.
Unity Bancorp began 2025 on a positive note, surpassing revenue expectations by 6 cents per share. This was largely due to impressive margin expansion. Additionally, the bank recorded its most significant quarterly loan growth in over two years, indicating a robust upward trend.
Throughout 2024, Unity Bancorp's core profitability continued to rise, a pattern that extended into the first quarter of 2025 with a core return on assets (ROA) reaching 1.86%. This highlights the bank's ability to maintain a leading position among peers with its solid return profile.
Unity's financial stability is further underscored by its strong capital and liquidity foundation, alongside maintained credit quality. These factors collectively position Unity Bancorp well for continued growth and stability, according to Piper Sandler's analysis.
