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Unity Bancorp (NASDAQ:UNTY) CEO James A. Hughes acquired 5,000 shares of the company’s stock on the open market in a transaction dated Tuesday, September 2nd. The stock was purchased at an average price of $8.30 per share, for a total transaction of $41,500.00. Following the completion of the transaction, the chief executive officer now directly owns 55,889 shares of the company’s stock, valued at approximately $463,879. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Unity Bancorp (NASDAQ:UNTY) traded down 1.45% on Tuesday, hitting $8.84. 8,218 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 $8.96 and a 200-day moving average of $8.56. The company has a market cap of $67.2 million and a P/E ratio of 12.98.

The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Investors 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 an increase 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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