M&F Bancorp (OTCMKTS:MFBP) Shares Pass Above 50-Day Moving Average – What’s Next?

M&F Bancorp Inc. (OTCMKTS:MFBP)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $26.31 and traded as high as $31.93. M&F Bancorp shares last traded at $30.25, with a volume of 1,521 shares changing hands.

M&F Bancorp Stock Up 1.1%

The company has a market capitalization of $56.90 million, a PE ratio of 22.56 and a beta of -0.53. The firm’s 50 day simple moving average is $26.42 and its 200 day simple moving average is $23.03.

M&F Bancorp (OTCMKTS:MFBP) last released its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.24 EPS for the quarter. The firm had revenue of $5.74 million for 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.