University Bancorp Inc. (OTCMKTS:UNIB – Get Free Report) rose 0.5% during mid-day trading on Friday. The company traded as high as $21.35 and last traded at $21.35. Approximately 300 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 3,244 shares. The stock had previously closed at $21.24.
University Bancorp Trading Up 0.5%
The firm’s fifty day moving average is $21.68 and its 200 day moving average is $22.05.
University Bancorp Company Profile
University Bancorp, Inc is a bank holding company headquartered in Ann Arbor, Michigan. Its principal banking subsidiary, University Bank, provides community banking services to individuals, families, and businesses, primarily in southeastern Michigan.
University Bank offers deposit accounts, residential and commercial real estate lending, business loans, consumer loans, and other traditional banking products. Through affiliated businesses, the company also participates in mortgage banking, residential loan origination, loan servicing, title services, and other financial activities.
The company has historically emphasized community banking and specialized mortgage finance, including Sharia-compliant housing finance through affiliated operations.
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