Insider Buying: Unity Bancorp Director Buys 14,600 Shares of Stock (UNTY)
Unity Bancorp (NASDAQ:UNTY) Director Aaron Tucker bought 14,600 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was purchased at an average cost of $8.30 per share, for a total transaction of $121,180.00. Following the acquisition, the director now directly owns 25,000 shares in the company, valued at approximately $207,500. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Unity Bancorp (NASDAQ:UNTY) traded up 0.22% during mid-day trading on Tuesday, hitting $8.99. 909 shares of the company’s stock traded hands. Unity Bancorp has a 1-year low of $6.74 and a 1-year high of $9.81. The stock has a 50-day moving average of $8.97 and a 200-day moving average of $8.54. The company has a market cap of $68.4 million and a price-to-earnings ratio of 12.98.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Wednesday, September 10th. This is a positive change from Unity Bancorp’s previous quarterly dividend of $0.02.
Unity Bancorp, Inc is a bank holding company of Unity Bank (NASDAQ:UNTY).
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