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Unity Bancorp initiated with a Buy at DA Davidson

DA Davidson initiated coverage of Unity Bancorp (UNTY) with a Buy rating and $68 price target Unity Bancorp has built a strong organic growth engine characterized by above-peer net interest margins, efficient operations, and solid capital generation, with stable credit trends and expectations for healthy loan and deposit growth in 2026 driven by its relationship-focused middle-market lending strategy, the analyst tells investors in a research note.

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