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M&F Bancorp (NASDAQ:MFBP) CEO Kim D. Saunders sold 2,259 shares of the stock on the open market in a transaction dated Friday, August 22nd. The shares were sold at an average price of $5.17, for a total transaction 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 Securities & Exchange Commission, which is available at this link.

Shares of M&F Bancorp (NASDAQ:MFBP) remained flat at $5.10 during trading on Tuesday. M&F Bancorp has a 52 week low of $2.40 and a 52 week high of $5.36. The stock has a 50-day moving average of $5.07 and a 200-day moving average of $4.5. The company has a market cap of $10.4 million and a price-to-earnings ratio of 11.46.

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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