M&F Bancorp (OTCMKTS:MFBP) Stock Crosses Below 200-Day Moving Average – Here’s Why

M&F Bancorp, Inc. (OTCMKTS:MFBP) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.92 and traded as low as $17.95. M&F Bancorp shares last traded at $17.95, with a volume of 6,312 shares.

M&F Bancorp Trading Down 0.3 %

The business’s fifty day moving average price is $19.43 and its 200 day moving average price is $18.92.

M&F Bancorp (OTCMKTS:MFBP) last released its earnings results on Friday, February 7th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter.

M&F Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, February 21st will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.34%. This is an increase from M&F Bancorp’s previous quarterly dividend of $0.05. The ex-dividend date is Friday, February 21st.

About M&F Bancorp

M&F Bancorp, Inc operates as a bank holding company for the Mechanics and Farmers Bank that provides consumer and commercial banking products and services in North Carolina. It offers deposit products, including demand deposits; checking, savings, and money market accounts, as well as certificates of deposit.