Unity Bancorp, Inc. (NASDAQ:UNTY) announced a quarterly dividend on Friday, August 25th, Wall Street Journal reports. Stockholders of record on Friday, September 15th will be given a dividend of 0.06 per share by the financial services provider on Friday, September 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, September 14th.
Unity Bancorp (NASDAQ:UNTY) traded down 2.49% during mid-day trading on Wednesday, hitting $17.65. 1,897 shares of the stock were exchanged. The stock has a market cap of $186.49 million, a price-to-earnings ratio of 14.01 and a beta of 0.44. The company has a 50 day moving average price of $17.66 and a 200 day moving average price of $16.98. Unity Bancorp has a 52 week low of $11.85 and a 52 week high of $18.90.
Unity Bancorp (NASDAQ:UNTY) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter. Unity Bancorp had a return on equity of 12.32% and a net margin of 21.65%. The firm had revenue of $13.17 million during the quarter.
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Separately, ValuEngine raised Unity Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
An institutional investor recently bought a new position in Unity Bancorp stock. California State Teachers Retirement System acquired a new stake in Unity Bancorp, Inc. (NASDAQ:UNTY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,700 shares of the financial services provider’s stock, valued at approximately $236,000. California State Teachers Retirement System owned 0.13% of Unity Bancorp at the end of the most recent quarter. Institutional investors and hedge funds own 47.37% of the company’s stock.
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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