3 Reasons Growth Investors Will Love Unity Bancorp (UNTY)

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying strong candidates can be challenging due to inherent risks and volatility [1] Group 1: Company Overview - Unity Bancorp (UNTY) is currently highlighted as a recommended growth stock based on the Zacks Growth Style Score, which evaluates a company's growth potential beyond traditional metrics [2] - The stock has a favorable Growth Score and a top Zacks Rank, indicating strong investment potential [2] Group 2: Earnings Growth - Unity Bancorp has a historical EPS growth rate of 16.6%, with projected EPS growth of 13.3% for the current year, surpassing the industry average of 11.8% [5] Group 3: Cash Flow Growth - The year-over-year cash flow growth for Unity Bancorp stands at 1.5%, significantly better than the industry average of -14.8% [6] - The company's annualized cash flow growth rate over the past 3-5 years is 11.7%, compared to the industry average of 6.9% [7] Group 4: Earnings Estimate Revisions - There have been upward revisions in current-year earnings estimates for Unity Bancorp, with the Zacks Consensus Estimate increasing by 1.5% over the past month [9] - The positive trend in earnings estimate revisions supports the stock's potential for near-term price movements [8] Group 5: Investment Conclusion - Unity Bancorp has achieved a Zacks Rank of 2 and a Growth Score of B, indicating it is a solid choice for growth investors and a potential outperformer [11]