M&F Bancorp (OTCMKTS:MFBP) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Shares of M&F Bancorp Inc. (OTCMKTS:MFBP) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $27.02 and traded as high as $48.1460. M&F Bancorp shares last traded at $48.00, with a volume of 1,302 shares.

M&F Bancorp Trading Up 1.0%

The stock has a 50-day simple moving average of $33.69 and a 200-day simple moving average of $27.02. The company has a market capitalization of $92.98 million, a price-to-earnings ratio of 45.28 and a beta of -0.59.

M&F Bancorp (OTCMKTS:MFBP) last released its quarterly earnings results on Friday, July 31st. The financial services provider reported $0.18 earnings per share for the quarter. The company had revenue of $5.77 million for the quarter.

About M&F Bancorp

M&F Bancorp, Inc is the bank holding company for M&F Bank, a community bank headquartered in Martinsville, Virginia. Through its subsidiary, the company offers a comprehensive suite of commercial and retail banking products and services designed to meet the needs of individuals, small- and medium-sized businesses, and municipal entities. Core offerings include checking and savings accounts, money market and time deposit products, consumer and mortgage loans, and commercial lending solutions.

Operating primarily in southwestern Virginia and northern North Carolina, M&F Bank maintains a network of full-service branches complemented by digital banking channels.