M&F Bancorp Inc. (OTCMKTS:MFBP) Sees Significant Growth in Short Interest

M&F Bancorp Inc. (OTCMKTS:MFBP) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 323 shares, an increase of 976.7% from the August 31st total of 30 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 2,712 shares, the days-to-cover ratio is presently 0.1 days.

M&F Bancorp Stock Performance

Shares of OTCMKTS MFBP remained flat at $49.25 on Thursday. 6 shares of the company’s stock were exchanged, compared to its average volume of 919. The company has a 50 day moving average of $47.16 and a 200 day moving average of $33.62. M&F Bancorp has a fifty-two week low of $18.40 and a fifty-two week high of $49.40. The stock has a market cap of $95.55 million, a P/E ratio of 46.46 and a beta of -0.58.

M&F Bancorp (OTCMKTS:MFBP) last issued its quarterly earnings results on Friday, July 31st. The financial services provider reported $0.18 EPS for the quarter. The company had revenue of $5.77 million during the quarter.

M&F Bancorp Company Profile

M&F Bancorp, Inc is a bank holding company for Mechanics and Farmers Bank, commonly known as M&F Bank. The company provides banking and financial services to individuals, businesses, and community organizations through its banking operations.

M&F Bank offers products and services that generally include consumer and business deposit accounts, commercial and personal lending, mortgage lending, online and mobile banking, and other treasury and financial management services. Its activities are focused primarily on serving customers in North Carolina.

Founded in 1907, Mechanics and Farmers Bank has a long history of supporting underserved communities and is recognized as one of the nation’s historically Black-owned banks.