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

M&F Bancorp Inc. (OTCMKTS:MFBP) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 586 shares, a growth of 81.4% from the September 15th total of 323 shares. Based on an average trading volume of 535 shares, the short-interest ratio is presently 1.1 days. Approximately 0.0% of the shares of the stock are short sold.

M&F Bancorp Price Performance

Shares of OTCMKTS:MFBP opened at $49.00 on Thursday. The business’s fifty day moving average price is $48.59 and its two-hundred day moving average price is $36.12. M&F Bancorp has a fifty-two week low of $18.40 and a fifty-two week high of $49.50. The stock has a market capitalization of $95.06 million, a price-to-earnings ratio of 46.09 and a beta of -0.62.

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

About M&F Bancorp

M&F Bancorp, Inc is a bank holding company for Mechanics and Farmers Bank (M&F Bank), a community bank headquartered in Durham, North Carolina. M&F Bank provides banking services to individuals, families, businesses and nonprofit organizations, including deposit accounts, consumer and commercial lending, mortgage services, online and mobile banking, and treasury-management services.

Founded in 1907, M&F Bank is one of the oldest African American-owned banks in the United States.