Unity Bancorp (UNTY) Getting Somewhat Positive News Coverage, Accern Reports
News headlines about Unity Bancorp (NASDAQ:UNTY) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Unity Bancorp earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 47.3200864500614 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Separately, ValuEngine lowered shares of Unity Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
Shares of Unity Bancorp (NASDAQ:UNTY) remained flat at $$20.35 during trading hours on Monday. The stock had a trading volume of 18,800 shares, compared to its average volume of 7,764. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.40. The stock has a market cap of $216.01, a P/E ratio of 16.96 and a beta of 0.51. Unity Bancorp has a twelve month low of $15.35 and a twelve month high of $20.95.
In other news, CEO James A. Hughes sold 5,000 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $20.34, for a total value of $101,700.00. Following the sale, the chief executive officer now directly owns 102,855 shares of the company’s stock, valued at $2,092,070.70. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 29.63% of the company’s stock.
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About Unity Bancorp
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.
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