Media stories about Unity Bancorp (NASDAQ:UNTY) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Unity Bancorp earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 43.2557987342065 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Separately, ValuEngine lowered shares of Unity Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
Unity Bancorp (UNTY) traded up $0.80 during trading on Friday, hitting $20.65. 1,335 shares of the stock were exchanged, compared to its average volume of 10,436. Unity Bancorp has a fifty-two week low of $15.35 and a fifty-two week high of $20.95. The stock has a market capitalization of $218.97, a price-to-earnings ratio of 16.01 and a beta of 0.45. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.13 and a quick ratio of 1.13.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, December 14th. Unity Bancorp’s payout ratio is 18.60%.
In other news, CEO James A. Hughes sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $20.34, for a total transaction of $101,700.00. Following the completion of the sale, the chief executive officer now owns 102,855 shares of the company’s stock, valued at $2,092,070.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 29.63% of the stock is owned by corporate insiders.
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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.
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