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

M&F Bancorp Inc. (OTCMKTS:MFBP) passed 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 Stock Up 1.0%

The company has a market cap of $92.98 million, a PE ratio of 45.28 and a beta of -0.59. The business’s 50 day moving average price is $33.69 and its 200-day moving average price is $27.02.

M&F Bancorp (OTCMKTS:MFBP) last announced its earnings results on Friday, July 31st. The financial services provider reported $0.18 earnings per share for the quarter. The firm 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.