M&F Bancorp (OTCMKTS:MFBP) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

M&F Bancorp, Inc. (OTCMKTS:MFBP)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.87 and traded as low as $18.10. M&F Bancorp shares last traded at $18.11, with a volume of 360 shares trading hands.

M&F Bancorp Stock Performance

The company’s 50 day simple moving average is $19.18 and its two-hundred day simple moving average is $18.87.

M&F Bancorp (OTCMKTS:MFBP) last released 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Friday, February 21st were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.30%. This is a positive change from M&F Bancorp’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, February 21st.

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.