M&F Bancorp (OTCMKTS:MFBP) Shares Pass Below 200-Day Moving Average – Time to Sell?

Shares of M&F Bancorp, Inc. (OTCMKTS:MFBP) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $18.84 and traded as low as $17.90. M&F Bancorp shares last traded at $17.95, with a volume of 12,944 shares changing hands.

M&F Bancorp Stock Performance

The firm’s 50 day simple moving average is $18.58 and its 200-day simple moving average is $18.83.

M&F Bancorp (OTCMKTS:MFBP) last announced its quarterly 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 announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, February 21st were issued a dividend of $0.06 per share. This is an increase from M&F Bancorp’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, February 21st.

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.