Endicott Management Co Lowers stake in Unity Bancorp (UNTY)

Unity Bancorp (UNTY) : Endicott Management Co reduced its stake in Unity Bancorp by 9.09% during the most recent quarter end. The investment management company now holds a total of 600,577 shares of Unity Bancorp which is valued at $7,807,501 after selling 60,058 shares in Unity Bancorp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Unity Bancorp makes up approximately 3.36% of Endicott Management Co’s portfolio.

Other Hedge Funds, Including , Manufacturers Life Insurance Company The added UNTY to its portfolio by purchasing 88 company shares during the most recent quarter which is valued at $1,144. Blackrock Institutional Trust Company N.a. added UNTY to its portfolio by purchasing 2,266 company shares during the most recent quarter which is valued at $28,098.Ifp Advisors Inc boosted its stake in UNTY in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 3 shares of Unity Bancorp which is valued at $36.Acadian Asset Management reduced its stake in UNTY by selling 1 shares or 0.12% in the most recent quarter. The Hedge Fund company now holds 844 shares of UNTY which is valued at $10,255.

Unity Bancorp closed down -0.145 points or -1.06% at $13.555 with 2,481 shares getting traded on Monday. Post opening the session at $13.4, the shares hit an intraday low of $13.4 and an intraday high of $13.85 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Investors should note that on Nov 18, 2016, Unity Bancorp announced a cash dividend of $0.0500. The company’s management has announced Dec 14, 2016 as the ex-dividend date and fixed the record date on Dec 16, 2016. The payable date has been fixed on Dec 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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