Unity Bancorp (UNTY) has disclosed a new risk, in the Debt & Financing category.
Unity Bancorp faces heightened lending risks due to the rapid expansion of its loan portfolio. With around 58.7% of its loans being unseasoned, as they were originated within the past three years, the ability to forecast their future performance is challenging. This recent surge in newer loans could lead to higher than anticipated delinquency or charge-off rates, potentially undermining Unity Bancorp’s financial stability and performance metrics.
Overall, Wall Street has a Moderate Buy consensus rating on UNTY stock based on 2 Buys.
To learn more about Unity Bancorp’s risk factors, click here.
