Unity Bancorp Inc : Banc Funds Co Llc Opened Position

February 14, 2018 - By Dolores Ford

 Unity Bancorp Inc : Banc Funds Co Llc Opened Position

Investors sentiment increased to 2.38 in 2017 Q3. Its up 0.30, from 2.08 in 2017Q2. It is positive, as 1 investors sold Unity Bancorp Inc. shares while 7 reduced holdings. 5 funds opened positions while 14 raised stakes. 5.01 million shares or 0.28% more from 5.00 million shares in 2017Q2 were reported.

Ameritas Investment Prtnrs holds 0% of its portfolio in Unity Bancorp Inc. (NASDAQ:UNTY) for 677 shares. Wells Fargo & Mn reported 0% in Unity Bancorp Inc. (NASDAQ:UNTY). Schwab Charles Investment Management reported 13,800 shares stake. Deutsche National Bank Ag invested 0% of its portfolio in Unity Bancorp Inc. (NASDAQ:UNTY). Tower Research Cap Lc (Trc) owns 0% invested in Unity Bancorp Inc. (NASDAQ:UNTY) for 1,050 shares. Moreover, Endicott Management Comm has 7.72% invested in Unity Bancorp Inc. (NASDAQ:UNTY). Lsv Asset Mngmt invested 0% in Unity Bancorp Inc. (NASDAQ:UNTY). Legal General Gru Public Ltd Co invested 0% in Unity Bancorp Inc. (NASDAQ:UNTY). California Employees Retirement System has invested 0% in Unity Bancorp Inc. (NASDAQ:UNTY). The Massachusetts-based Geode Capital Mngmt Ltd Limited Liability Company has invested 0% in Unity Bancorp Inc. (NASDAQ:UNTY). California State Teachers Retirement, a California-based fund reported 13,000 shares. Alliancebernstein Lp holds 0% in Unity Bancorp Inc. (NASDAQ:UNTY) or 164,479 shares. Bridgeway Management holds 52,650 shares or 0.01% of its portfolio. Bnp Paribas Arbitrage owns 753 shares or 0% of their US portfolio. Banc Funds Limited Com invested 0.87% in Unity Bancorp Inc. (NASDAQ:UNTY).

Since December 13, 2017, it had 0 insider buys, and 1 sale for $101,675 activity.

The New Banc Funds Co Llc Holding in Unity Bancorp Inc

Banc Funds Co Llc reported SC 13G/A form with the SEC for Unity Bancorp Inc . Access it here: 000114036118007102. As reported by Banc Funds Co Llc, the filler owns 4.2% or 448,959 shares of the Finance–company.

Unity Bancorp Inc stake is new for [reportingPerson]. Date of activity: December31,2017. This shows Banc Funds Co Llc’s positive view for Unity Bancorp Inc . For a hedge fund managing $1.41 billion in assets and having 9+ experts this is interesting position.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Banc Funds Co Llc’s portfolio is in the sector.

Unity Bancorp Inc Institutional Sentiment

Filings show 14 investors own Unity Bancorp Inc . The ownership in Q3 2015 is low, at Infinity of the outstanding shares. This is increased by 126321. 1953352 were owned by these investors. 1 funds opened new Unity Bancorp Inc stakes, 5 increased positions. There were 4 that closed positions and 2 reduced them.

Bridgeway Capital Management Inc is an investor bullish on Unity Bancorp Inc , owning 15000 shares as of Q3 2015 for less than 0.01% of its portfolio. Wellington Management Group Llp owns 529218 shares or less than 0.01% of its portfolio. IL Banc Funds Co Llc have 0.38% of its portfolio for 635725 shares. Further, Basswood Capital Management Llc reported stake worth 0.01% of its portfolio. The NY Endicott Management Company owns 284837 shares. Unity Bancorp Inc is 1.03% of its portfolio.

Business 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. It engages in lending activities and offers commercial, small business administration, consumer, mortgage, home equity and personal loans. The Bank is a full-service commercial bank, that provides business and consumer financial services through its office in Clinton, New Jersey and over 14 New Jersey branches located in Clinton, Edison, Flemington, Highland Park, Linden, Middlesex, North Plainfield, Phillipsburg, Scotch Plains, Somerset, South Plainfield, Union, Washington and Whitehouse. The Bank has over one Pennsylvania branch located in Forks Township.

SEC Form 13G.

The stock decreased 2.71% or $0.55 during the last trading session, reaching $19.75. About 6,370 shares traded. Unity Bancorp Inc. (NASDAQ:UNTY) has risen 54.08% since February 14, 2017 and is uptrending. It has outperformed by 37.38% the S&P500.

Unity Bancorp Inc. operates as a bank holding firm for Unity Bank that provides a range of business and consumer financial services to individuals, small and medium sized businesses, and professional communities. The company has market cap of $209.65 million. The firm offers personal and business checking accounts, time deposits, money market accounts, and regular savings accounts. It has a 16.46 P/E ratio. It also provides commercial, small business administration, consumer, mortgage, home equity, and personal loans.

More notable recent Unity Bancorp Inc. (NASDAQ:UNTY) news were published by: Nasdaq.com which released: “Unity Bancorp, Inc. (UNTY) Ex-Dividend Date Scheduled for September 14, 2017” on September 13, 2017, also Streetinsider.com with their article: “Form 4 UNITY BANCORP INC /NJ/ For: Jan 25 Filed by: Maricondo Peter E” published on January 29, 2018, Nasdaq.com published: “Unity Bancorp, Inc. (UNTY) Ex-Dividend Date Scheduled for March 15, 2017” on March 14, 2017. More interesting news about Unity Bancorp Inc. (NASDAQ:UNTY) were released by: Globenewswire.com and their article: “Unity Bancorp Announces Completion of $15.0 Million Common Stock Offering” published on December 08, 2016 as well as Globenewswire.com‘s news article titled: “Unity Bank Ranked 27th Nationally on American Banker magazine’s Top 200 List …” with publication date: June 01, 2017.

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