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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).

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