Short Interest in M&F Bancorp Inc. (OTCMKTS:MFBP) Rises By 72.7%

M&F Bancorp Inc. (OTCMKTS:MFBP) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 133 shares, an increase of 72.7% from the July 30th total of 77 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 6,900 shares, the short-interest ratio is presently 0.0 days.

M&F Bancorp Price Performance

MFBP remained flat at $48.50 during midday trading on Monday. The company’s stock had a trading volume of 541 shares, compared to its average volume of 2,029. The business has a fifty day moving average price of $40.08 and a 200 day moving average price of $30.14. M&F Bancorp has a 52-week low of $18.40 and a 52-week high of $49.40. The firm has a market capitalization of $94.09 million, a price-to-earnings ratio of 45.76 and a beta of -0.59.

M&F Bancorp (OTCMKTS:MFBP) last issued 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 during the quarter.

M&F Bancorp Company Profile

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.