Professional
Added to YB: 2022-10-20
Pitch date: 2022-10-20
MFBP [bullish]
M&F Bancorp, Inc.
+10.58%
current return
Author Info
Cedar Creek Partners provides deep-dive research on undervalued companies. Follow on Twitter/X.
Company Info
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.
Market Cap
$34.5M
Pitch Price
$17.19
Price Target
N/A
Dividend
1.15%
EV/EBITDA
N/A
P/E
6.40
EV/Sales
N/A
Sector
Banks
Category
value
Cedar Creek Partners new position - M&F Bancorp (MFBP)
MFBP: NC bank w/ $1.85 EPS run rate, trading at 9.5x earnings. $80M new capital to potentially 3x earnings via M&A (assuming $7M post-synergy target earnings). More tailwinds to boost earnings further. Fund started buying in June <$9/share.
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