M&F Bancorp (OTCMKTS:MFBP) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

M&F Bancorp Inc. (OTCMKTS:MFBP)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $25.88 and traded as high as $47.80. M&F Bancorp shares last traded at $47.80, with a volume of 1,924 shares changing hands.

M&F Bancorp Stock Down 0.5%

The company has a market cap of $92.25 million, a P/E ratio of 36.58 and a beta of -0.54. The company has a 50 day moving average price of $31.64 and a 200-day moving average price of $26.03.

M&F Bancorp (OTCMKTS:MFBP) last issued its quarterly earnings data 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.