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

M&F Bancorp, Inc. (OTCMKTS:MFBP) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 300 shares, an increase of 200.0% from the February 28th total of 100 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 9,200 shares, the short-interest ratio is presently 0.0 days.

M&F Bancorp Price Performance

MFBP opened at $18.50 on Friday. M&F Bancorp has a fifty-two week low of $12.22 and a fifty-two week high of $24.31. The company’s 50 day moving average price is $19.04 and its two-hundred day moving average price is $18.86.

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

M&F Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, February 21st were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Friday, February 21st. This is a positive change from M&F Bancorp’s previous quarterly dividend of $0.05.

M&F Bancorp Company Profile

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.