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Wellington Management Reduces Unity Bancorp Stake as Dividend Announced

Unity Bancorp logoUnity Bancorp
Sig1.15Sen+0.65Env0.00Soc0.00Gov0.00

Wellington Management Group trimmed its Unity Bancorp holding, selling 65,359 shares and leaving it with 130,043 shares, while CWM LLC bought additional shares to hold 857 shares valued at $44,000. Analysts reiterated buy calls and raised price targets, and Unity Bancorp disclosed a quarterly dividend to be paid Sept. 17, up from $0.16 previously.

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