Unity Bancorp, Inc. (NASDAQ:UNTY) announced its earnings results on Wednesday. The financial services provider reported $0.31 earnings per share for the quarter, MarketBeat reports.

In other news, Director Mary E. Gross sold 2,600 shares of Unity Bancorp stock in a transaction that occurred on Wednesday, December 9th. The shares were sold at an average price of $11.02, for a total transaction of $28,652.00. Following the completion of the transaction, the director now directly owns 9,288 shares of the company’s stock, valued at approximately $102,353.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Unity Bancorp (NASDAQ:UNTY) opened at 11.41 on Thursday. The stock has a 50 day moving average of $11.74 and a 200 day moving average of $10.43. Unity Bancorp has a 52 week low of $8.89 and a 52 week high of $13.60. The stock has a market cap of $96.16 million and a P/E ratio of 11.30.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 30th. Stockholders of record on Tuesday, December 15th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Friday, December 11th.

Unity Bancorp, Inc. is a bank holding company. The Company operates through Unity Bank (NASDAQ:UNTY). 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, including personal and business checking accounts, money market accounts and regular savings accounts. The Company engages in lending activities and offers commercial, Small Business Administration (SBA), consumer, mortgage, home equity and personal loans. The Bank is a full-service commercial bank, providing business and consumer financial services. These services include the acceptance of demand, savings and time deposits, and the extension of consumer, real estate and other commercial credits.

12 Month Chart for NASDAQ:UNTY

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