On Tuesday, Unity Bancorp got an upgrade for its IBD SmartSelect Composite Rating from 90 to 96.
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The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The market's biggest winners often have a 95 or higher rating in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
Unity Bancorp is currently extended beyond a proper buy zone after clearing the 34.71 entry in a cup with handle. Note that it is a thinly traded stock, with average daily dollar volume under $8 million.
The stock sports a 94 EPS Rating, which means its recent quarterly and annual earnings growth tops 94% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q1, the company reported 22% earnings-per-share growth. That means it's now delivered four straight quarters of rising EPS growth. Sales growth rose 15%, up from 7% in the prior quarter. That marks one quarter of increasing revenue increases.
Unity Bancorp earns the No. 3 rank among its peers in the Banks-Northeast industry group. Northeast Bank is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
