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

M&F Bancorp, Inc. (OTCMKTS:MFBP) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 300 shares, a growth of 200.0% from the February 28th total of 100 shares. Based on an average trading volume of 9,200 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

M&F Bancorp Trading Up 1.9 %

OTCMKTS:MFBP traded up $0.34 during trading hours on Thursday, reaching $18.45. 618 shares of the company’s stock were exchanged, compared to its average volume of 3,118. The business’s 50-day simple moving average is $19.15 and its two-hundred day simple moving average is $18.86. M&F Bancorp has a 12 month low of $12.22 and a 12 month high of $24.31.

M&F Bancorp (OTCMKTS:MFBP) last released 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, February 21st were issued a dividend of $0.06 per share. The ex-dividend date was Friday, February 21st. This represents a $0.24 dividend on an annualized basis and a yield of 1.30%. This is a boost from M&F Bancorp’s previous quarterly dividend of $0.05.

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.