Unity Bancorp, Inc. (NASDAQ:UNTY) declared a quarterly dividend on Friday, November 17th, Wall Street Journal reports. Stockholders of record on Friday, December 15th will be given a dividend of 0.06 per share by the financial services provider on Friday, December 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Thursday, December 14th.
Shares of Unity Bancorp (NASDAQ:UNTY) traded up $0.35 during trading on Friday, reaching $20.00. 32,200 shares of the company’s stock traded hands, compared to its average volume of 17,099. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.40. Unity Bancorp has a one year low of $13.25 and a one year high of $20.40. The company has a market cap of $212.61, a PE ratio of 15.23 and a beta of 0.44.
Unity Bancorp (NASDAQ:UNTY) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter. Unity Bancorp had a net margin of 22.16% and a return on equity of 12.21%. The company had revenue of $13.83 million for the quarter.
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An institutional investor recently bought a new position in Unity Bancorp stock. State Street Corp bought a new position in shares of Unity Bancorp, Inc. (NASDAQ:UNTY) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 70,390 shares of the financial services provider’s stock, valued at approximately $1,211,000. State Street Corp owned approximately 0.67% of Unity Bancorp at the end of the most recent reporting period. 47.30% of the stock is currently owned by institutional investors.
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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