Insider Selling: Kim D. Saunders Sells 2,259 Shares of M&F Bancorp Stock (MFBP)
M&F Bancorp (NASDAQ:MFBP) CEO Kim D. Saunders sold 2,259 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $5.17, for a total value of $11,679.03. Following the transaction, the chief executive officer now directly owns 227 shares of the company’s stock, valued at approximately $1,174. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of M&F Bancorp (NASDAQ:MFBP) remained flat at $5.10 during trading on Wednesday. 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 $4.56. The company has a market cap of $10.4 million and a P/E 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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