M&F Bancorp (OTCMKTS:MFBP) Share Price Passes Below 200-Day Moving Average – Here’s Why

M&F Bancorp, Inc. (OTCMKTS:MFBP)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.92 and traded as low as $17.95. M&F Bancorp shares last traded at $17.95, with a volume of 6,312 shares.

M&F Bancorp Stock Performance

The business has a 50 day moving average of $19.43 and a 200 day moving average of $18.92.

M&F Bancorp (OTCMKTS:MFBP) last announced its quarterly earnings data on Friday, February 7th. The financial services provider reported $0.42 EPS for the quarter.

M&F Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Friday, February 21st will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.34%. This is a boost from M&F Bancorp’s previous quarterly dividend of $0.05. The ex-dividend date is Friday, February 21st.

M&F Bancorp Company Profile

M&F Bancorp, Inc operates as a bank holding company for the Mechanics and Farmers Bank that provides consumer and commercial banking products and services in North Carolina. It offers deposit products, including demand deposits; checking, savings, and money market accounts, as well as certificates of deposit.