On November 7, 2024, Vincent Geraci, Director of Mortgage Lending and Senior Vice President at Unity Bancorp Inc (UNTY, Financial), sold 1,043 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 8,250 shares of Unity Bancorp Inc.
Unity Bancorp Inc operates as a bank holding company, which through its subsidiary, Unity Bank, provides a range of banking services to individuals and businesses. It offers services including deposit accounts, loans, and other financial services.
Over the past year, the insider has sold a total of 6,143 shares and has not purchased any shares. This recent sale is part of a broader trend observed at Unity Bancorp Inc, where there have been 10 insider sells and no insider buys over the past year.
Shares of Unity Bancorp Inc were trading at $44.98 on the day of the sale. The company has a market cap of $450.598 million. The price-earnings ratio of the stock is 11.61, which is above the industry median of 10.69.
The stock is currently considered Significantly Overvalued with a price-to-GF Value ratio of 1.47, based on a GF Value of $30.58. The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of the company’s future performance or stock valuation adjustments. It is essential to consider broader market trends and additional financial metrics before making investment decisions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
