M&F Bancorp, Inc. (OTCMKTS:MFBP) Short Interest Up 200.0% in March

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

M&F Bancorp Stock Performance

Shares of OTCMKTS:MFBP opened at $18.50 on Friday. The firm has a 50 day moving average of $19.04 and a 200-day moving average of $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 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 declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, February 21st were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.24 dividend on an annualized basis and a dividend 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.