Last $4.70 USD
Change Today 0.00 / 0.00%
Volume 0.0
MFBP On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 02/25/15 All times are local (Market data is delayed by at least 15 minutes).

m & f bancorp inc (MFBP) Snapshot

Open
$4.66
Previous Close
$4.70
Day High
$4.70
Day Low
$4.66
52 Week High
09/18/14 - $5.37
52 Week Low
03/6/14 - $3.65
Market Cap
9.5M
Average Volume 10 Days
159.1
EPS TTM
--
Shares Outstanding
2.0M
EX-Date
12/26/14
P/E TM
--
Dividend
$0.06
Dividend Yield
1.34%
Current Stock Chart for M & F BANCORP INC (MFBP)

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m & f bancorp inc (MFBP) Details

M&F Bancorp, Inc. operates as the bank holding company for Mechanics and Farmers Bank that provides consumer and commercial banking products and services in North Carolina. The company offers deposit products, including savings, checking, negotiable order of withdrawal, money market, and individual retirement accounts, as well as certificates of deposit. It also provides loans for real estate, construction, businesses, personal use, home improvement, and automobiles; and equity lines of credit, credit lines, consumer loans, and credit cards. In addition, the company offers safe deposit boxes, Internet and mobile banking services, traveler’s checks, notary services, and automated teller machine services, as well as electronic funds transfer services, including wire transfers. It operates seven branch offices in Durham, Raleigh, Charlotte, Greensboro, and Winston-Salem, North Carolina. The company was founded in 1907 and is headquartered in Durham, North Carolina.

67 Employees
Last Reported Date: 03/18/14
Founded in 1907

m & f bancorp inc (MFBP) Top Compensated Officers

Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $165.0K
Compensation as of Fiscal Year 2013.

m & f bancorp inc (MFBP) Key Developments

M&F Bancorp, Inc Approves Regular Cash Dividend, Payable on December 31, 2014

The Board of Directors of M&F Bancorp Inc. has approved a regular cash dividend of $0.063 per share. The dividend is payable on December 31, 2014 to shareholders of record as of the close of business on December 30, 2014.

M&F Bancorp Inc. Announces Unaudited Financial Results for the Third Quarter and Nine Months Ended September 30, 2014

M&F Bancorp Inc. announced unaudited financial results for the third quarter and nine months ended September 30, 2014. The company recorded quarterly net income for the third quarter of 2014 of $228,000 compared to net income of $155,000 for the third quarter of 2013, an increase of $73,000. Net income available to common shareholders for the third quarter of 2014 was $169,000 compared to net income available to common shareholders of $96,000 for the third quarter of 2013, an increase of $73,000. Diluted income per common share increased $0.03 to $0.08 for the third quarter of 2014 compared to diluted net income per common share of $0.05 in the third quarter of 2013. The company produced net interest income of $2.7 million during the three months ended September 30, 2014, which was relatively flat with the $2.7 million generated for the same period of 2013. The company recorded net income for the nine months ended September 30, 2014 of $1,013,000 compared to net income of $158,000 for the same period of 2013, an increase of $855,000. Net income available to common shareholders for the nine months ended September 30, 2014 was $836,000 compared to a net loss available to common shareholders of $19,000 for the same period of 2013, an increase of $855,000. Diluted income per common share increased $0.42 to $0.41 for the nine months ended September 30, 2014 compared to diluted loss per common share of $0.01 in the same period of 2013. The company produced net interest income of $7.9 million during the nine months ended September 30, 2014, which was $278,000 higher than the $7.7 million generated for the same time of 2013. The increase was primarily caused by higher interest income, which increased $218,000 or approximately 2.65% to $8.4 million for the nine months ended September 30, 2014 as compared to the same period of the prior year.

M&F Bancorp Inc. Announces Executive Changes

On August 11, 2014, M&F Bancorp Inc. entered into an employment agreement with James H. Sills III, age 56, in connection with his appointment as President and Chief Executive Officer of the Company, effective September 1, 2014. Effective August 31, 2014, Kim D. Saunders, President and Chief Executive Officer of the Company, will step down from her post. Following Mr. Sills' appointment, James E. Sansom, Interim President of the Bank, will continue on in his role as Chief Lending Officer. Mr. Sills' employment agreement provides for an initial term of employment of two years, beginning September 1, 2014. At the end of the initial term, the term of employment will be automatically extended for additional terms of one year unless a notice of termination is given by the Company and the Bank to Mr. Sills not less than 120 days prior to the end of the initial term, or the Additional Term, as applicable.

 

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Valuation MFBP Industry Range
Price/Earnings 9.7x
Price/Sales 0.7x
Price/Book 0.4x
Price/Cash Flow 7.8x
TEV/Sales NM Not Meaningful
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