Unity Bancorp Inc /nj/ (UNTY) Files Form 4 Insider Selling : Donald E. Jr. Souders Sells 2,700 Shares

Unity Bancorp Inc /nj/ (UNTY): Donald E. Jr. Souders , director of Unity Bancorp Inc /nj/ sold 2,700 shares on Jun 8, 2016. The Insider selling transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were sold at $12.07 per share for a total value of $32,718.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 8, 2016, Alan J Bedner (CFO) purchased 1,950 shares at $10.35 per share price.On Feb 8, 2016, James A Hughes (CEO) purchased 1,900 shares at $10.50 per share price.Also, On Dec 10, 2015, Mary E. Gross (director) sold 2,600 shares at $11.02 per share price.

Unity Bancorp: On Tuesday, Jun 7, 2016 heightened volatility was witnessed in Unity Bancorp which led to swings in the share price. The shares opened for trading at $12.5 and hit $13.5 on the upside , eventually ending the session at $13.44, with a gain of 7.61% or 0.95 points. The heightened volatility saw the trading volume jump to 32,799 shares. The 52-week high of the share price is $13.6 and the company has a market cap of $114 M . The 52-week low of the share price is at $9.25.

Unity Bancorp Money Flow Index Chart

On May 26, 2016, Unity Bancorp announced a cash dividend of $0.0400. The company’s management has announced Jun 14, 2016 as the ex-dividend date and fixed the record date on Jun 16, 2016. The payable date has been fixed on Jun 30, 2016.

Unity Bancorp Inc. is a bank holding company. The Company operates through 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 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.

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