Unity Bancorp price target raised to $65 from $64 at Piper Sandler

Piper Sandler analyst Justin Crowley raised the firm’s price target on Unity Bancorp (UNTY) to $65 from $64 and keeps an Overweight rating on the shares following quarterly results. The firm says Unity put up a solid quarter, with a penny net interest income beat and core ROA surpassing the 2.0% threshold. The company remains well-positioned for a “growthier environment,” with strong capital levels and good momentum on the loan growth side.