Short Interest in M&F Bancorp, Inc. (OTCMKTS:MFBP) Grows By 200.0%

M&F Bancorp, Inc. (OTCMKTS:MFBP) was the target of a significant 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. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 9,200 shares, the short-interest ratio is currently 0.0 days.

M&F Bancorp Price Performance

OTCMKTS MFBP traded up $0.34 on Thursday, hitting $18.45. 618 shares of the company were exchanged, compared to its average volume of 3,118. The company’s 50 day moving average price is $19.15 and its 200-day moving average price is $18.86. M&F Bancorp has a twelve month low of $12.22 and a twelve month high of $24.31.

M&F Bancorp (OTCMKTS:MFBP) last issued 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, February 21st were paid a dividend of $0.06 per share. The ex-dividend date was Friday, February 21st. This represents a $0.24 dividend on an annualized basis and a yield of 1.30%. This is an increase 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.