Unity Bancorp (NASDAQ:UNTY) opened at $20.40 on Tuesday. The firm has a market capitalization of $217.38, a PE ratio of 15.81 and a beta of 0.46. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.40. Unity Bancorp has a one year low of $15.35 and a one year high of $20.95.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a $0.06 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.18%. Unity Bancorp’s dividend payout ratio is currently 18.60%.
In other Unity Bancorp news, CEO James A. Hughes sold 5,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $20.34, for a total value of $101,700.00. Following the transaction, the chief executive officer now directly owns 102,855 shares in the company, valued at approximately $2,092,070.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 29.63% of the stock is owned by corporate insiders.
A hedge fund recently bought a new stake in Unity Bancorp stock. California State Teachers Retirement System acquired a new stake in shares of Unity Bancorp, Inc. (NASDAQ:UNTY) during the 2nd quarter, according to its most recent filing with the SEC. 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 about 0.13% of Unity Bancorp at the end of the most recent quarter. Institutional investors and hedge funds own 47.31% of the company’s stock.
About Unity Bancorp
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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