Unity Bancorp (UNTY) is an Incredible Growth Stock: 3 Reasons Why

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying stocks that can fulfill this potential is challenging [1] Group 1: Company Overview - Unity Bancorp (UNTY) is highlighted as a recommended growth stock with a favorable Growth Score and a top Zacks Rank [2] - The stock is expected to outperform the market based on its growth features, particularly with a Growth Score of A or B and a Zacks Rank of 1 (Strong Buy) or 2 (Buy) [3] Group 2: Earnings Growth - Unity Bancorp has a historical EPS growth rate of 15.8%, with projected EPS growth of 18.8% this year, surpassing the industry average of 12.8% [5] Group 3: Cash Flow Growth - The year-over-year cash flow growth for Unity Bancorp is 1.5%, significantly better than the industry average of -14.9% [6] - The company's annualized cash flow growth rate over the past 3-5 years is 11.7%, compared to the industry average of 6.6% [7] Group 4: Earnings Estimate Revisions - The current-year earnings estimates for Unity Bancorp have increased by 6.5% over the past month, indicating a positive trend in earnings estimate revisions [9] - This upward revision trend correlates strongly with near-term stock price movements, suggesting potential for price appreciation [8] Group 5: Conclusion - Unity Bancorp has achieved a Zacks Rank of 1 and a Growth Score of B, indicating it is a solid choice for growth investors and a potential outperformer [11]