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M&F Bancorp (NASDAQ:MFBP) CEO Kim D. Saunders sold 2,259 shares of the company’s stock on the open market in a transaction dated Friday, August 22nd. The stock was sold at an average price of $5.17, for a total value of $11,679.03. Following the completion of the transaction, 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 SEC, which is available at this link.

Shares of M&F Bancorp (NASDAQ:MFBP) traded up 2.41% during mid-day trading on Monday, hitting $5.10. 4,703 shares of the company’s stock traded hands. M&F Bancorp has a 1-year low of $2.40 and a 1-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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