The New Wellington Trust Company, National Association Multiple Common Trust Funds Trust, Micro Cap Equity Portfolio Holding in Unity Bancorp, Inc. (NASDAQ:UNTY)
Wellington Trust Company, National Association Multiple Common Trust Funds Trust, Micro Cap Equity Portfolio filed with the SEC SC 13G form for Unity Bancorp Inc . The form can be accessed here: 000084608715000038. As reported in Wellington Trust Company, National Association Multiple Common Trust Funds Trust, Micro Cap Equity Portfolio’s form, the filler as of late owns 5.24% or 441,704 shares of the Finance-company.
Unity Bancorp, Inc. (NASDAQ:UNTY) stake is a new one for the and it was filed because of activity on December 01, 2015. We feel this shows Wellington Trust Company, National Association Multiple Common Trust Funds Trust, Micro Cap Equity Portfolio’s positive view for the stock.
Unity Bancorp Inc Institutional Sentiment
Latest Security and Exchange filings show 14 investors own Unity Bancorp Inc . The institutional ownership in Q3 2015 is low, at 23.17% of the outstanding shares. This is decreased by 126321 the total institutional shares. 1953352 were the shares owned by these institutional investors. In total 1 funds opened new Unity Bancorp Inc stakes, 5 increased stakes. There were 4 that closed positions and 2 reduced them.
Bridgeway Capital Management Inc is an institutional investor bullish on Unity Bancorp Inc , owning 15000 shares as of Q3 2015 for less than 0.01% of its portfolio. Wellington Management Group Llp owns 529218 shares or less than 0.01% of its portfolio. IL Banc Funds Co Llc have 0.38% of their stock portfolio for 635725 shares. Further, Basswood Capital Management Llc reported stake worth 0.01% of its US stock portfolio. The NY Endicott Management Company owns 284837 shares. Unity Bancorp Inc is 1.03% of the manager’s US portfolio.
Business Profile
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.
SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.
The institutional sentiment decreased to 1 in 2015 Q3. Its down 0.60, from 1.6 in 2015Q2. The ratio dived, as 4 funds sold all Unity Bancorp, Inc. shares owned while 2 reduced positions. 1 funds bought stakes while 5 increased positions. They now own 1.95 million shares or 6.07% less from 2.08 million shares in 2015Q2.
Endicott Management Co holds 1.03% of its portfolio in Unity Bancorp, Inc. for 284,837 shares. Banc Funds Co Llc owns 635,725 shares or 0.38% of their US portfolio. Moreover, Basswood Capital Management L.L.C. has 0.01% invested in the company for 27,370 shares. The New York-based Alliancebernstein L.P. has invested 0% in the stock. Bank Of America Corp De, a North Carolina-based fund reported 371 shares.
Since April 30, 2015, the stock had 0 insider buys, and 1 insider sale for $29,250 net activity. Bedner Alan J sold 3,000 shares worth $29,250. Hughes James A bought 2,150 shares worth $20,017.
About 19,677 shares traded hands. Unity Bancorp, Inc. (NASDAQ:UNTY) has risen 20.33% since May 8, 2015 and is uptrending. It has outperformed by 23.34% the S&P500.
More news for Unity Bancorp, Inc. (NASDAQ:UNTY) were recently published by: Streetinsider.com, which released: “Form 8-K UNITY BANCORP INC /NJ/ For: May 21” on May 21, 2015. Nasdaq.com‘s article titled: “Unity Bancorp Declares Cash Dividend” and published on November 19, 2015 is yet another important article.
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.” Get a free copy of the Zacks research report on Unity Bancorp, Inc. (UNTY).
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