University Bancorp, Inc. (OTCMKTS:UNIB - Get Free Report)'s share price dropped 2.9% during trading on Friday . The company traded as low as $15.00 and last traded at $15.00. Approximately 500 shares traded 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 company has a 50-day moving average price of $15.38 and a two-hundred day moving average price of $16.25.
University Bancorp Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, April 11th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend was Friday, April 11th.
About University Bancorp
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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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