University Bancorp (OTCMKTS:UNIB) Shares Down 1.2% – What’s Next?

University Bancorp, Inc. (OTCMKTS:UNIB)’s stock price was down 1.2% during mid-day trading on Friday . The stock traded as low as $17.00 and last traded at $17.00. Approximately 750 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 1,917 shares. The stock had previously closed at $17.20.

University Bancorp Price Performance

The firm’s 50-day moving average is $16.93 and its 200-day moving average is $16.17.

University Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date of this dividend was Thursday, January 2nd.

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.