A Director at Unity Bancorp is Exercising Options

By Carrie Williams

Today, a Director at Unity Bancorp, David Dallas, exercised options of Unity Bancorp for $40.56K.

In addition to David Dallas, 3 other UNTY executives reported Buy trades in the last month.

Based on Unity Bancorp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $16.2 million and quarterly net profit of $3.76 million. In comparison, last year the company earned revenue of $14.65 million and had a net profit of $3.16 million. The company has a one-year high of $20.95 and a one-year low of $15.35. UNTY’s market cap is $210.1M and the company has a P/E ratio of 15.39.

In the last 30 days, insiders have sold $50.83K worth of UNTY shares and purchased $141.5K worth of UNTY shares. The insider sentiment on Unity Bancorp has been positive according to 28 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Unity Bancorp, Inc. operates as a bank holding company which conducts a traditional and community-oriented commercial banking business and financial services to retail, corporate, and small business customers. It accepts personal and business checking accounts, time deposits, money market accounts, and regular savings accounts, as well as demand and savings deposits. Its loan portfolio comprises commercial, small business administration, consumer, mortgage, home equity, and personal loans. The company was founded in 1994 and is headquartered in Clinton, NJ.