Ownership Don’t Lie: Unity Bancorp Inc (NASDAQ:UNTY) 2016 Q2 Sentiment Report

November 21, 2016 - By Hazel Jackson   ·   0 Comments

Ownership Don't Lie: Unity Bancorp Inc (NASDAQ:UNTY)  2016 Q2 Sentiment Report

Sentiment for Unity Bancorp Inc (NASDAQ:UNTY)

Unity Bancorp Inc (NASDAQ:UNTY) institutional sentiment decreased to 1.25 in Q2 2016. Its down -1.04, from 2.29 in 2016Q1. The ratio turned negative, as 16 investment professionals increased or opened new equity positions, while 7 sold and trimmed stakes in Unity Bancorp Inc. The investment professionals in our partner’s database now hold: 3.21 million shares, down from 6.67 million shares in 2016Q1. Also, the number of investment professionals holding Unity Bancorp Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 4 Increased: 7 New Position: 9.

Unity Bancorp, Inc. is a bank holding firm that serves as a holding firm for Unity Bank . The company has a market cap of $125.32 million. The Company’s primary business is ownership and supervision of the Bank. It has a 10.14 P/E ratio. 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.

The stock decreased 1.06% or $0.14 on November 18, hitting $13.56. Unity Bancorp, Inc. (NASDAQ:UNTY) has risen 26.41% since April 19, 2016 and is uptrending. It has outperformed by 22.55% the S&P500.

According to Zacks Investment Research, “Unity Bancorp, Inc. is a one-bank holding company incorporated to serve as a holding company for First Community 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 and time deposits, money market accounts and regular savings accounts.”

Endicott Management Co holds 2.78% of its portfolio in Unity Bancorp, Inc. for 600,577 shares. Banc Funds Co Llc owns 775,750 shares or 0.58% of their US portfolio. Moreover, Ativo Capital Management Llc has 0.22% invested in the company for 70,594 shares. The New York-based Mendon Capital Advisors Corp has invested 0.1% in the stock. Rmb Capital Management Llc, a Illinois-based fund reported 151,705 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 buy, and 1 sale for $20,258 net activity.

UNTY Company Profile

Unity Bancorp, Inc. is a bank holding firm that serves as a holding firm 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, including personal and business checking accounts, time deposits, money market accounts and regular savings accounts. The Firm engages in lending activities and offers commercial, small business administration (SBA), consumer, mortgage, home equity and personal loans.

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By Hazel Jackson

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