Insider Selling: Kim D. Saunders Unloads 2,259 Shares of M&F Bancorp Stock (MFBP)
M&F Bancorp (NASDAQ:MFBP) CEO Kim D. Saunders unloaded 2,259 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $5.17, for a total value of $11,679.03. Following the sale, the chief executive officer now directly owns 227 shares of the company’s stock, valued at approximately $1,174. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
M&F Bancorp (NASDAQ:MFBP) traded up 2.41% on Monday, hitting $5.10. 4,703 shares of the company’s stock traded hands. M&F Bancorp has a one year low of $2.40 and a one year high of $5.36. The stock’s 50-day moving average is $5.07 and its 200-day moving average is $4.5. The company has a market cap of $10.4 million and a P/E ratio of 11.19.
M&F Bancorp, Inc is a bank holding company. The Company serves as the holding company for its wholly owned subsidiary, Mechanics and Farmers Bank (NASDAQ:MFBP).
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