M&F Bancorp, Inc. (OTCMKTS:MFBP) Short Interest Update

M&F Bancorp, Inc. (OTCMKTS:MFBP) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 100 shares, a drop of 50.0% from the January 15th total of 200 shares. Based on an average trading volume of 7,200 shares, the short-interest ratio is currently 0.0 days.

M&F Bancorp Stock Up 1.7 %

Shares of MFBP stock traded up $0.30 during trading hours on Thursday, reaching $18.45. The stock had a trading volume of 900 shares, compared to its average volume of 2,904. The firm has a 50-day simple moving average of $19.81 and a 200-day simple moving average of $18.94. M&F Bancorp has a twelve month low of $11.35 and a twelve month high of $24.31.

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

M&F Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, February 21st will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.24 annualized dividend and a yield of 1.30%. This is a boost from M&F Bancorp’s previous quarterly dividend of $0.05.

About M&F Bancorp

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.