M&F Bancorp (OTCMKTS:MFBP) Stock Crosses Above Fifty Day Moving Average – What’s Next?

M&F Bancorp Inc. (OTCMKTS:MFBP) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $18.91 and traded as high as $18.99. M&F Bancorp shares last traded at $18.99, with a volume of 758 shares changing hands.

M&F Bancorp Price Performance

The stock has a 50 day simple moving average of $18.92 and a 200 day simple moving average of $18.99. The company has a market cap of $36.65 million, a price-to-earnings ratio of 9.54 and a beta of -0.63.

M&F Bancorp (OTCMKTS:MFBP) last posted its earnings results on Tuesday, November 4th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter. The company had revenue of $6.16 million during the quarter.

About M&F Bancorp

M&F Bancorp, Inc is the bank holding company for M&F Bank, a community bank headquartered in Martinsville, Virginia. Through its subsidiary, the company offers a comprehensive suite of commercial and retail banking products and services designed to meet the needs of individuals, small- and medium-sized businesses, and municipal entities. Core offerings include checking and savings accounts, money market and time deposit products, consumer and mortgage loans, and commercial lending solutions.

Operating primarily in southwestern Virginia and northern North Carolina, M&F Bank maintains a network of full-service branches complemented by digital banking channels.