Unity Bancorp director Peter Maricondo sells $26,435 in stock

Peter E. Maricondo, a director at Unity Bancorp Inc. (NASDAQ:UNTY), sold 470 shares of common stock on October 20, 2026, for a total value of $26,435. The shares were sold at prices ranging from $56.17 to $56.28 per share.

The sale followed Mr. Maricondo’s exercise of stock options on the same day, through which he acquired 1,600 shares of common stock at an exercise price of $15.70 per share, totaling $25,120. The stock currently trades at $58.11, up from the transaction price, with analysts setting price targets between $67 and $72, suggesting potential upside of 21%. Unity Bancorp trades at a P/E ratio of 9.64 and has raised its dividend for 13 consecutive years, according to InvestingPro, which tracks 8+ additional key metrics and tips for UNTY investors.

Following these transactions, Mr. Maricondo directly holds 49,943 shares of Unity Bancorp common stock. This total includes 43,814 shares held in a Shareworks account, 2,129 shares in a brokerage account, and 4,000 restricted shares held at Computershare with upcoming vesting dates. Additionally, Mr. Maricondo holds 16,800 stock options, all of which are currently exercisable.

In other recent news, Unity Bancorp reported its third-quarter earnings per share, which aligned closely with DA Davidson’s estimates. The company demonstrated notable growth trends in its balance sheet during this period, despite some unusual loan-related expenses and an increase in director fees. Additionally, Unity Bancorp announced the acquisition of $27.6 million in transferable federal energy investment tax credits for $25.1 million. This transaction is expected to yield a one-time benefit of $2.5 million in the third quarter of 2026. DA Davidson has reiterated a Buy rating on Unity Bancorp, maintaining a price target of $68. The analyst firm highlighted the company’s impressive balance sheet growth as a key factor in their rating. These developments reflect Unity Bancorp’s strategic financial maneuvers and continued positive outlook from analysts.