Unity Bancorp, Inc. (NASDAQ:UNTY) Director Peter E. Maricondo Acquires 1,000 Shares
Unity Bancorp, Inc. (NASDAQ:UNTY) Director Peter E. Maricondo bought 1,000 shares of Unity Bancorp stock in a transaction dated Tuesday, August 8th. The stock was purchased at an average price of $18.10 per share, with a total value of $18,100.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
Unity Bancorp, Inc. (NASDAQ:UNTY) traded down 4.51% during mid-day trading on Thursday, hitting $16.95. 7,487 shares of the stock traded hands. Unity Bancorp, Inc. has a 1-year low of $11.18 and a 1-year high of $18.90. The firm has a market cap of $179.11 million, a price-to-earnings ratio of 13.45 and a beta of 0.42. The stock has a 50-day moving average of $17.78 and a 200 day moving average of $16.91.
Unity Bancorp (NASDAQ:UNTY) last released its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.32 EPS for the quarter. The business had revenue of $13.17 million during the quarter. Unity Bancorp had a net margin of 21.65% and a return on equity of 12.66%.
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Separately, ValuEngine upgraded shares of Unity Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.
A number of large investors have recently bought and sold shares of UNTY. Kennedy Capital Management Inc. increased its stake in Unity Bancorp by 2.2% in the second quarter. Kennedy Capital Management Inc. now owns 153,509 shares of the financial services provider’s stock valued at $2,640,000 after buying an additional 3,251 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Unity Bancorp during the second quarter valued at $501,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in Unity Bancorp during the second quarter valued at $238,000. 42.88% of the stock is owned by institutional investors and hedge funds.
Unity Bancorp Company Profile
Unity Bancorp, Inc is a bank holding company that serves as a holding company for Unity Bank (the Bank). The Company’s primary business is ownership and supervision of the Bank. The Company, through the Bank, conducts a traditional and community-oriented commercial banking business and offers services, such as personal and business checking accounts, time deposits, money market accounts and regular savings accounts.
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