Professional
Added to YB: 2023-01-15
Pitch date: 2023-01-15
MFBP [bullish]
M&F Bancorp, Inc.
-17.95%
current return
Author Info
Founder of Smoak Capital who shares analysis on stocks on Twitter and in his fund letter. Follow on Twitter.
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
$22.66
Price Target
N/A
Dividend
1.15%
EV/EBITDA
N/A
P/E
6.40
EV/Sales
N/A
Sector
Banks
Category
special_situation
Smoak Capital holding: M&F Bancorp
MFBP: Bullish on ECIP recipient banks. Govt infused 2-3x equity as 2% non-cumulative perp preferred. Ex: $20M TBV bank gets $80M ECIP, new value ~$84M (180-320% upside). Preferred worth ~20% face value. Many stocks still undervalued. Catalysts: earnings growth, expansion, M&A. Strong downside protection from cash infusion.
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