Unity Bancorp, Inc. (UNTY) to Issue $0.06 Quarterly Dividend

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.

COPYRIGHT VIOLATION WARNING: This report was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://sportsperspectives.com/2017/11/17/unity-bancorp-inc-unty-to-issue-0-06-quarterly-dividend.html.

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.

Dividend History for Unity Bancorp (NASDAQ:UNTY)

Receive News & Ratings for Unity Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unity Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply