M&F Bancorp (OTCMKTS:MFBP) Share Price Passes Below 200 Day Moving Average – Here’s Why

M&F Bancorp, Inc. (OTCMKTS:MFBP)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.80 and traded as low as $18.10. M&F Bancorp shares last traded at $18.10, with a volume of 100 shares changing hands.

M&F Bancorp Trading Up 0.6 %

The stock’s 50-day simple moving average is $18.19 and its two-hundred day simple moving average is $18.80.

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

M&F Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, February 21st were paid a $0.06 dividend. This is an increase from M&F Bancorp’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, February 21st. This represents a $0.24 annualized dividend and a dividend yield of 1.33%.

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.