Unity Bancorp price target raised to $29 from $28 at Keefe Bruyette

Keefe Bruyette analyst Christopher O’Connell raised the firm’s price target on Unity Bancorp to $29 from $28 and keeps an Outperform rating on the shares post the Q3 report. The firm expects a “higher trough” for margin compression than previously, and says Unity’s loan back book repricing should result in solid expansion in the second half of 2024.