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Posted by
Two Blokes Apr 19 -
Filed in
Stock
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22 views
Unity Bancorp, a small New Jersey-based bank with a market cap of $401.7 million, shows consistent growth and high asset quality, making it a compelling buy. Despite higher price-to-book ratios, Unity Bancorp's low price-to-earnings multiple and strong return on assets (1.68%) and equity (14.99%) justify its valuation. The bank's deposits grew impressively from $1.79 billion to $2.10 billion from 2022 to 2024, with minimal reliance on brokered deposits.
