University Bancorp (OTCMKTS:UNIB) Stock Price Down 2.9% – What’s Next?

University Bancorp, Inc. (OTCMKTS:UNIB) traded down 2.9% on Friday . The stock traded as low as $15.00 and last traded at $15.00. 500 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 830 shares. The stock had previously closed at $15.46.

University Bancorp Price Performance

The stock has a 50-day moving average price of $15.45 and a two-hundred day moving average price of $16.25.

University Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, April 11th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.67%. The ex-dividend date was Friday, April 11th.

About University Bancorp

University Bancorp, Inc operates as the bank holding company for University Bank that provides various personal, business, and community banking services in the United States. It offers checking, NOW, savings, money market, time deposit, and certificates of deposit accounts. The company's consumer loans include home equity, short term, automobile, personal, and recreational vehicle loans, as well as home equity lines of credits; SBA, commercial real estate, equipment, home improvement, and other instalment loans; and non-profit loans, as well as working capital lines of credit.