M&F Bancorp (OTCMKTS:MFBP) Issues Earnings Results

M&F Bancorp (OTCMKTS:MFBP) announced its earnings results on Friday. The financial services provider reported $0.06 earnings per share for the quarter, Zacks reports.

M&F Bancorp Trading Up 2.8%

Shares of MFBP traded up $0.55 during mid-day trading on Friday, hitting $20.00. The company’s stock had a trading volume of 550 shares, compared to its average volume of 367. M&F Bancorp has a 1-year low of $17.90 and a 1-year high of $20.00. The firm has a market capitalization of $38.66 million, a P/E ratio of 10.05 and a beta of -0.57. The firm has a 50-day simple moving average of $19.19 and a 200 day simple moving average of $19.08.

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.