Shares of University Bancorp, Inc. (OTCMKTS:UNIB - Get Free Report) were up 4.5% during mid-day trading on Tuesday . The stock traded as high as $15.99 and last traded at $15.99. Approximately 1,000 shares traded hands during trading, a decline of 32% from the average daily volume of 1,465 shares. The stock had previously closed at $15.30.
University Bancorp Price Performance
The business has a 50-day moving average price of $15.38 and a 200 day moving average price of $16.21.
University Bancorp Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, April 11th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Friday, April 11th.
University Bancorp Company Profile
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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.
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