Unity Bancorp, Inc. (NASDAQ:UNTY – Get Rating) CFO George Boyan acquired 500 shares of the company’s stock in a transaction dated Thursday, January 19th. The stock was purchased at an average cost of $26.00 per share, for a total transaction of $13,000.00. Following the purchase, the chief financial officer now directly owns 3,031 shares in the company, valued at approximately $78,806. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Unity Bancorp Stock Performance
Shares of NASDAQ UNTY opened at $26.25 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $276.81 million, a price-to-earnings ratio of 7.31 and a beta of 1.02. The stock’s fifty day simple moving average is $27.39 and its 200 day simple moving average is $27.39. Unity Bancorp, Inc. has a 52-week low of $24.80 and a 52-week high of $30.50.
Unity Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 16th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, December 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.68%. Unity Bancorp’s dividend payout ratio is 12.26%.
Institutional Inflows and Outflows
Analyst Ratings Changes
UNTY has been the topic of a number of recent research reports. StockNews.com cut Unity Bancorp from a “buy” rating to a “hold” rating in a report on Friday, January 6th. Janney Montgomery Scott initiated coverage on Unity Bancorp in a report on Thursday, December 15th. They issued a “buy” rating and a $32.00 target price on the stock.
Unity Bancorp Company Profile
Unity Bancorp, Inc is a bank holding company, which engages in the ownership and supervision of Unity Bank. The firm accepts personal and business checking accounts, time deposits, money market accounts, regular savings accounts, and demand and savings deposits. Its loan portfolio comprises credit cards, mortgage, home equity, and personal loans.
- Get a free copy of the StockNews.com research report on Unity Bancorp (UNTY)
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