SG Americas Securities LLC Invests $117,000 in Unity Bancorp, Inc. (NASDAQ:UNTY)

SG Americas Securities LLC acquired a new stake in Unity Bancorp, Inc. (NASDAQ:UNTY) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,966 shares of the financial services provider’s stock, valued at approximately $117,000.

A number of other large investors have also added to or reduced their stakes in UNTY. Fourthstone LLC raised its holdings in Unity Bancorp by 45.0% in the 1st quarter. Fourthstone LLC now owns 481,355 shares of the financial services provider’s stock valued at $13,468,000 after buying an additional 149,358 shares during the last quarter. BlackRock Inc. raised its holdings in Unity Bancorp by 15.1% in the 2nd quarter. BlackRock Inc. now owns 442,999 shares of the financial services provider’s stock valued at $10,450,000 after buying an additional 58,249 shares during the last quarter. State Street Corp raised its holdings in Unity Bancorp by 222.9% in the 2nd quarter. State Street Corp now owns 70,133 shares of the financial services provider’s stock valued at $1,857,000 after buying an additional 48,412 shares during the last quarter. FMR LLC raised its holdings in Unity Bancorp by 33.8% in the 2nd quarter. FMR LLC now owns 182,092 shares of the financial services provider’s stock valued at $4,821,000 after buying an additional 45,952 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Unity Bancorp by 306.3% in the 2nd quarter. Northern Trust Corp now owns 60,697 shares of the financial services provider’s stock valued at $1,607,000 after buying an additional 45,757 shares during the last quarter. Institutional investors own 42.31% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Unity Bancorp from a “buy” rating to a “hold” rating in a report on Friday, February 2nd.

Insiders Place Their Bets

In other Unity Bancorp news, CEO James A. Hughes sold 1,156 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $27.28, for a total transaction of $31,535.68. Following the completion of the transaction, the chief executive officer now owns 137,735 shares in the company, valued at approximately $3,757,410.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Vincent Geraci sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $30.13, for a total transaction of $75,325.00. Following the completion of the sale, the director now owns 3,643 shares of the company’s stock, valued at approximately $109,763.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO James A. Hughes sold 1,156 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $27.28, for a total transaction of $31,535.68. Following the sale, the chief executive officer now directly owns 137,735 shares of the company’s stock, valued at approximately $3,757,410.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,334 shares of company stock worth $157,046. 28.88% of the stock is currently owned by insiders.

Unity Bancorp Stock Up 0.4 %

Unity Bancorp stock opened at $26.40 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.21 and a current ratio of 1.21. Unity Bancorp, Inc. has a 52-week low of $20.01 and a 52-week high of $30.70. The firm has a 50 day moving average price of $27.22 and a two-hundred day moving average price of $26.83. The firm has a market cap of $267.65 million, a price-to-earnings ratio of 6.93 and a beta of 1.07.

Unity Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.13 per share. This is a positive change from Unity Bancorp’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, March 14th. This represents a $0.52 annualized dividend and a yield of 1.97%. Unity Bancorp’s dividend payout ratio (DPR) is presently 13.65%.

Unity Bancorp Profile

Unity Bancorp, Inc operates as a bank holding company for Unity Bank that provides range of commercial and retail banking services to individuals, small and medium sized businesses, and professional communities. It offers personal and business checking accounts, time deposits, money market accounts, savings accounts, and retirement accounts, as well as noninterest and interest-bearing demand deposits.