M&F Bancorp (OTCMKTS:MFBP) Releases Earnings Results

M&F Bancorp (OTCMKTS:MFBP) issued its earnings results on Tuesday. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, Zacks reports.

M&F Bancorp Price Performance

Shares of MFBP traded down $1.89 during mid-day trading on Tuesday, reaching $25.10. The company had a trading volume of 100 shares, compared to its average volume of 1,173. The company’s 50-day moving average is $24.10 and its 200-day moving average is $20.99. M&F Bancorp has a twelve month low of $17.95 and a twelve month high of $26.99. The company has a market capitalization of $48.62 million, a P/E ratio of 16.51 and a beta of -0.55.

About M&F Bancorp

M&F Bancorp, Inc is the bank holding company for M&F Bank, a community bank headquartered in Martinsville, Virginia. Through its subsidiary, the company offers a comprehensive suite of commercial and retail banking products and services designed to meet the needs of individuals, small- and medium-sized businesses, and municipal entities. Core offerings include checking and savings accounts, money market and time deposit products, consumer and mortgage loans, and commercial lending solutions.

Operating primarily in southwestern Virginia and northern North Carolina, M&F Bank maintains a network of full-service branches complemented by digital banking channels.