Can Unity Bancorp, Inc. (UNTY)’s Tomorrow be Different? The Stock Just Broke Its High

July 13, 2018 - By Andrea Pope

Unity Bancorp, Inc. (NASDAQ:UNTY) Logo

Investors sentiment decreased to 0.72 in Q1 2018. Its down 2.78, from 3.5 in 2017Q4. It dropped, as 4 investors sold Unity Bancorp, Inc. shares while 14 reduced holdings. 3 funds opened positions while 10 raised stakes. 5.15 million shares or 50.09% less from 10.32 million shares in 2017Q4 were reported.
Geode Cap Mgmt Ltd Com has invested 0% in Unity Bancorp, Inc. (NASDAQ:UNTY). Bnp Paribas Arbitrage accumulated 1,642 shares or 0% of the stock. Bancshares Of America Corporation De stated it has 726 shares. Moreover, Morgan Stanley has 0% invested in Unity Bancorp, Inc. (NASDAQ:UNTY). Strs Ohio has invested 0% in Unity Bancorp, Inc. (NASDAQ:UNTY). Schwab Charles Mngmt Incorporated owns 13,800 shares. Meeder Asset Inc invested in 0% or 824 shares. Ativo Cap Management Limited Liability Corp has invested 0.34% of its portfolio in Unity Bancorp, Inc. (NASDAQ:UNTY). Endicott Mngmt invested 9.5% of its portfolio in Unity Bancorp, Inc. (NASDAQ:UNTY). Tower Research Cap Ltd Limited Liability Company (Trc) reported 0% of its portfolio in Unity Bancorp, Inc. (NASDAQ:UNTY). Kennedy Mngmt Inc has 0.06% invested in Unity Bancorp, Inc. (NASDAQ:UNTY) for 150,392 shares. The Manitoba – Canada-based Great West Life Assurance Co Can has invested 0% in Unity Bancorp, Inc. (NASDAQ:UNTY). Amer Intll stated it has 4,931 shares or 0% of all its holdings. State Common Retirement Fund owns 8,300 shares. 54,643 were accumulated by California Public Employees Retirement Systems.

Since March 9, 2018, it had 0 insider buys, and 3 insider sales for $202,984 activity. On Friday, March 9 the insider Courtright Wayne sold $87,809.

The stock of Unity Bancorp, Inc. (NASDAQ:UNTY) hit a new 52-week high and has $25.63 target or 7.00 % above today’s $23.95 share price. The 5 months bullish chart indicates low risk for the $256.48M company. The 1-year high was reported on Jul, 13 by Barchart.com. If the $25.63 price target is reached, the company will be worth $17.95M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.42% or $0.1 during the last trading session, reaching $23.95. About 1,683 shares traded. Unity Bancorp, Inc. (NASDAQ:UNTY) has risen 41.80% since July 13, 2017 and is uptrending. It has outperformed by 29.23% the S&P500.

Another recent and important Unity Bancorp, Inc. (NASDAQ:UNTY) news was published by Globenewswire.com which published an article titled: “Unity Bank Again Receives Prestigious 5-Star Rating from BauerFinancial” on June 27, 2018.

Unity Bancorp Inc. operates as a bank holding firm for Unity Bank that provides a range of business and consumer financial services to individuals, small and medium sized businesses, and professional communities. The company has market cap of $256.48 million. The firm offers personal and business checking accounts, time deposits, money market accounts, and regular savings accounts. It has a 17.34 P/E ratio. It also provides commercial, small business administration, consumer, mortgage, home equity, and personal loans.

Unity Bancorp, Inc. (NASDAQ:UNTY) Institutional Positions Chart

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