M&F Bancorp (OTCMKTS:MFBP) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

M&F Bancorp Inc. (OTCMKTS:MFBP) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $27.38 and traded as high as $30.5026. M&F Bancorp shares last traded at $30.5026, with a volume of 100 shares traded.

M&F Bancorp Stock Up 1.7%

The stock’s 50-day simple moving average is $27.38 and its 200 day simple moving average is $23.82. The firm has a market cap of $59.18 million, a P/E ratio of 23.46 and a beta of -0.54.

M&F Bancorp (OTCMKTS:MFBP) last announced its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.24 EPS for the quarter. The company had revenue of $5.74 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.