14,800 Shares in Unity Bancorp, Inc. (NASDAQ:UNTY) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Unity Bancorp, Inc. worth approximately $602,000 during the first quarter, owning about 0.15% of the company's stock.
• Unity Bancorp reported a quarterly EPS of $1.20, surpassing analysts' estimates of $1.17, with a net margin of 28.72% and a return on equity of 15.66%.
• The company declared a quarterly dividend of $0.14 per share, representing an annualized yield of 1.2% and a payout ratio of 11.34%.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Unity Bancorp, Inc. (NASDAQ:UNTY - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 14,800 shares of the financial services provider's stock, valued at approximately $602,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.15% of Unity Bancorp at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of UNTY. CWM LLC lifted its position in Unity Bancorp by 122.5% in the 1st quarter. CWM LLC now owns 612 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 337 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Unity Bancorp in the 4th quarter valued at about $33,000. Whipplewood Advisors LLC lifted its position in shares of Unity Bancorp by 11,000.0% during the 1st quarter. Whipplewood Advisors LLC now owns 1,221 shares of the financial services provider's stock worth $50,000 after buying an additional 1,210 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Unity Bancorp by 11,262.5% during the 1st quarter. GAMMA Investing LLC now owns 2,727 shares of the financial services provider's stock worth $111,000 after buying an additional 2,703 shares in the last quarter. Finally, Virtus Investment Advisers Inc. bought a new position in shares of Unity Bancorp during the 4th quarter worth approximately $148,000. 42.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Unity Bancorp from $55.00 to $63.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Piper Sandler decreased their price target on shares of Unity Bancorp from $54.00 to $50.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, Wall Street Zen lowered shares of Unity Bancorp from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th.

Unity Bancorp Stock Performance

Unity Bancorp stock traded down $0.11 during mid-day trading on Wednesday, reaching $47.21. The company's stock had a trading volume of 39,076 shares, compared to its average volume of 50,699. Unity Bancorp, Inc. has a 12-month low of $30.27 and a 12-month high of $54.64. The company has a market capitalization of $473.47 million, a P/E ratio of 9.56 and a beta of 0.78. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.15 and a current ratio of 1.15. The firm's fifty day moving average price is $47.95 and its two-hundred day moving average price is $45.47.

Unity Bancorp (NASDAQ:UNTY - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.17 by $0.03. The firm had revenue of $34.37 million during the quarter, compared to analyst estimates of $30.30 million. Unity Bancorp had a net margin of 28.72% and a return on equity of 15.66%. Sell-side analysts predict that Unity Bancorp, Inc. will post 4.83 EPS for the current fiscal year.

Unity Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were given a $0.14 dividend. The ex-dividend date was Friday, June 6th. This represents a $0.56 annualized dividend and a yield of 1.2%. Unity Bancorp's payout ratio is 11.34%.

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.