M&F Bancorp (OTCMKTS:MFBP) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

M&F Bancorp, Inc. (OTCMKTS:MFBP)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $19.00 and traded as low as $18.00. M&F Bancorp shares last traded at $18.00, with a volume of 1,407 shares traded.

M&F Bancorp Stock Down 1.4 %

The business has a fifty day moving average price of $19.66 and a 200 day moving average price of $18.99.

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

M&F Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders 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 dividend yield of 1.33%. This is an increase from M&F Bancorp’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend 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.