Added to YB: 2026-08-11
Pitch date: 2026-08-07
MFBP [bullish]
M&F Bancorp, Inc.
+2.92%
current return
Author Info
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Company Info
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.
Market Cap
$95.4M
Pitch Price
$47.85
Price Target
53.30 (+8%)
Dividend
0.49%
EV/EBITDA
N/A
P/E
46.44
EV/Sales
N/A
Sector
Banks
Category
special_situation
M&F Bancorp, Inc. ($MFBP)
MFBP: Merger arb — Optus acquiring M&F Bancorp for up to $53.30/sh ($46.57 at close Q4 + $6.73 CVR contingent on repurchasing $80m Treasury ECIP preferred at ~66% discount). Stock ~$47.45, paying <$1 for optionality. Redemption already formalized w/ Treasury, met deep-impact threshold 8 straight qtrs. ~12%/~30% IRR if both hit at close. Risks: deal break, CVR delay past 12mo, admin killing program.
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