Unity Bancorp Inc (NASDAQ:UNTY) dividends of $0.07 are projected for the near future; this is why.

June 13, 2018 - By Kenneth Lin

Unity Bancorp, Inc. (NASDAQ:UNTY) LogoInvestors sentiment decreased to 0.72 in 2018 Q1. Its down 2.78, from 3.5 in 2017Q4. It is negative, as 4 investors sold Unity Bancorp, Inc. shares while 14 reduced holdings. 3 funds opened positions while 10 raised stakes. 5.15 million shares or 50.09% less from 10.32 million shares in 2017Q4 were reported.
Geode Management Lc stated it has 0% of its portfolio in Unity Bancorp, Inc. (NASDAQ:UNTY). Alliancebernstein Limited Partnership invested in 163,750 shares. New York-based Bankshares Of Mellon has invested 0% in Unity Bancorp, Inc. (NASDAQ:UNTY). 1,609 were accumulated by Barclays Pcl. 13,800 were reported by Schwab Charles Invest. Morgan Stanley reported 16,637 shares. Lsv Asset Management owns 0% invested in Unity Bancorp, Inc. (NASDAQ:UNTY) for 23,470 shares. 34,716 were reported by Wells Fargo Mn. Comml Bank Of America De has invested 0% in Unity Bancorp, Inc. (NASDAQ:UNTY). Jpmorgan Chase has 1,554 shares for 0% of their portfolio. Moreover, Renaissance Tech Ltd Liability Corporation has 0% invested in Unity Bancorp, Inc. (NASDAQ:UNTY). Strs Ohio stated it has 0% of its portfolio in Unity Bancorp, Inc. (NASDAQ:UNTY). International Group holds 0% of its portfolio in Unity Bancorp, Inc. (NASDAQ:UNTY) for 4,931 shares. Ameritas Inv Partners owns 677 shares or 0% of their US portfolio. 12,200 are owned by California State Teachers Retirement.

Since December 13, 2017, it had 0 insider buys, and 3 selling transactions for $202,984 activity. Courtright Wayne sold $87,809 worth of Unity Bancorp, Inc. (NASDAQ:UNTY) on Friday, March 9.

Unity Bancorp Inc (NASDAQ:UNTY) is expected to pay $0.07 on Jun 29, 2018. Shareholders owning the stock before Jun 14, 2018 will be eligible to receive the payout. Based on Unity Bancorp Inc’s current price of $22.95, the dividend is 0.31 %. This dividend’s record date is Jun 15, 2018 and the announcement date is Apr 26, 2018. The stock increased 0.44% or $0.1 during the last trading session, reaching $22.95. About 4,798 shares traded. Unity Bancorp, Inc. (NASDAQ:UNTY) has risen 41.80% since June 13, 2017 and is uptrending. It has outperformed by 29.23% 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 $245.77 million. The firm offers personal and business checking accounts, time deposits, money market accounts, and regular savings accounts. It has a 16.62 P/E ratio. It also provides commercial, small business administration, consumer, mortgage, home equity, and personal loans.

Unity Bancorp, Inc. (NASDAQ:UNTY) Institutional Positions Chart

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