Unity Bancorp Chairman Purchases $1,370,795 in Stock (UNTY)
Unity Bancorp (NASDAQ:UNTY) Chairman David D. Dallas acquired 165,156 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, with a total value of $1,370,794.80. Following the purchase, the chairman now directly owns 12,191 shares of the company’s stock, valued at approximately $101,185. The transaction 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% on Tuesday, hitting $8.99. 909 shares of the company’s stock traded hands. Unity Bancorp has a 52 week low of $6.74 and a 52 week high of $9.81. The stock’s 50-day moving average is $8.97 and its 200-day moving average is $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. Stockholders 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 boost from Unity Bancorp’s previous quarterly dividend of $0.02.
Unity Bancorp, Inc is a bank holding company of Unity Bank (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 Analyst Ratings Network's FREE daily email newsletter.