University Bancorp (OTCMKTS:UNIB) Shares Down 2.9% - Time to Sell?

University Bancorp, Inc. (OTCMKTS:UNIB - Get Free Report)'s share price dropped 2.9% on Friday . The company traded as low as $15.00 and last traded at $15.00. Approximately 500 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 830 shares. The stock had previously closed at $15.46.

University Bancorp Stock Performance

The stock has a fifty day moving average of $15.35 and a two-hundred day moving average of $16.25.

University Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders 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 dividend yield of 2.67%. The ex-dividend date of this dividend was Friday, April 11th.

University Bancorp Company Profile

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.