M&F Bancorp, Inc. (OTCMKTS:MFBP) Sees Significant Growth in Short Interest

M&F Bancorp, Inc. (OTCMKTS:MFBP) saw 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. Currently, 0.0% of the company’s stock 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 Trading Up 0.3 %

Shares of OTCMKTS:MFBP traded up $0.05 on Friday, reaching $18.50. The company had a trading volume of 200 shares, compared to its average volume of 3,004. M&F Bancorp has a 52-week low of $12.22 and a 52-week high of $24.31. The firm’s 50 day simple moving average is $19.12 and its 200-day simple moving average is $18.86.

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

M&F Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Friday, February 21st were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Friday, February 21st. This is a positive change from M&F Bancorp’s previous quarterly dividend of $0.05.

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.