01:13 PM EDT, 08/01/2024 (MT Newswires) -- Unity Bancorp ( UNTY ) said Thursday that its board has approved a buyback program to repurchase up to 500,000 shares, or about 5% of its outstanding stock.

Repurchases will be made from time to time in the open market, or in privately negotiated transactions, the firm said.

Unity Bancorp ( UNTY ) shares were about 1.7% lower in recent trading.

Price: 34.03, Change: -0.59, Percent Change: -1.70