M&F Bancorp (OTCMKTS:MFBP) Stock Price Passes Below 200-Day Moving Average – What’s Next?

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 $18.98 and traded as low as $18.70. M&F Bancorp shares last traded at $18.70, with a volume of 1,820 shares trading hands.

M&F Bancorp Stock Up 0.5 %

The company has a 50 day moving average price of $19.60 and a 200 day moving average price of $18.98.

M&F Bancorp (OTCMKTS:MFBP) last posted its 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 announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Friday, February 21st will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Friday, February 21st. 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.