Dimensional Fund Advisors LP Has $14.16 Million Stock Holdings in Unity Bancorp, Inc. (NASDAQ:UNTY)

Dimensional Fund Advisors LP increased its stake in shares of Unity Bancorp, Inc. (NASDAQ:UNTY) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 478,877 shares of the financial services provider’s stock after buying an additional 5,449 shares during the period. Dimensional Fund Advisors LP owned 4.77% of Unity Bancorp worth $14,159,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Inspire Investing LLC acquired a new position in shares of Unity Bancorp during the first quarter worth approximately $884,000. O Shaughnessy Asset Management LLC raised its position in Unity Bancorp by 75.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 16,552 shares of the financial services provider’s stock worth $457,000 after purchasing an additional 7,104 shares during the last quarter. Ritholtz Wealth Management acquired a new position in Unity Bancorp during the 2nd quarter worth $202,000. GSA Capital Partners LLP lifted its holdings in Unity Bancorp by 47.4% during the 1st quarter. GSA Capital Partners LLP now owns 16,649 shares of the financial services provider’s stock worth $460,000 after buying an additional 5,352 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Unity Bancorp by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 414,036 shares of the financial services provider’s stock valued at $11,427,000 after buying an additional 3,170 shares during the last quarter. Institutional investors own 42.31% of the company’s stock.

Unity Bancorp Price Performance

UNTY opened at $32.83 on Friday. The company has a fifty day moving average price of $32.97 and a two-hundred day moving average price of $29.73. The firm has a market capitalization of $327.64 million, a PE ratio of 8.66 and a beta of 1.01. Unity Bancorp, Inc. has a 52 week low of $22.50 and a 52 week high of $35.66. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.15 and a current ratio of 1.15.

Unity Bancorp (NASDAQ:UNTY) last posted its quarterly earnings results on Friday, July 12th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.01). The company had revenue of $25.46 million during the quarter, compared to the consensus estimate of $25.81 million. Unity Bancorp had a return on equity of 14.71% and a net margin of 24.37%. As a group, analysts anticipate that Unity Bancorp, Inc. will post 3.8 earnings per share for the current year.

Unity Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were paid a $0.13 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.58%. Unity Bancorp’s dividend payout ratio (DPR) is presently 13.72%.

Insider Activity at Unity Bancorp

In related news, SVP James Joseph Donovan sold 750 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $34.97, for a total transaction of $26,227.50. Following the completion of the transaction, the senior vice president now owns 166 shares in the company, valued at approximately $5,805.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP James Joseph Donovan sold 750 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $34.97, for a total transaction of $26,227.50. Following the sale, the senior vice president now owns 166 shares of the company’s stock, valued at approximately $5,805.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Minsu Kim sold 2,264 shares of Unity Bancorp stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $34.90, for a total value of $79,013.60. Following the transaction, the senior vice president now owns 3,975 shares in the company, valued at approximately $138,727.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,046 shares of company stock worth $106,265 in the last ninety days. Company insiders own 28.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. StockNews.com lowered Unity Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, September 7th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $39.00 target price (up from $35.00) on shares of Unity Bancorp in a research report on Monday, July 15th.

Unity Bancorp Company 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.