M&F Bancorp (OTCMKTS:MFBP) Shares Cross Above 50 Day Moving Average – What’s Next?

M&F Bancorp Inc. (OTCMKTS:MFBP)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $18.92 and traded as high as $19.20. M&F Bancorp shares last traded at $19.20, with a volume of 100 shares changing hands.

M&F Bancorp Price Performance

The firm has a market capitalization of $37.06 million, a price-to-earnings ratio of 9.65 and a beta of -0.63. The business’s 50-day moving average price is $18.92 and its 200 day moving average price is $19.05.

M&F Bancorp (OTCMKTS:MFBP) last released its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.58 earnings per share for the quarter. The firm had revenue of $6.16 million for 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.