Professional
Added to YB: 2024-02-07
Pitch date: 2024-02-07
MFBP [bullish]
M&F Bancorp, Inc.
+284.96%
current return
Author Info
River Oaks Capital is an investment fund that invests in a concentrated number of small, underfollowed micro cap & small cap public companies. Sign up for the newsletter.
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
$93.0M
Pitch Price
$12.57
Price Target
N/A
Dividend
0.50%
EV/EBITDA
N/A
P/E
45.26
EV/Sales
N/A
Sector
Banks
Category
growth
River Oaks Capital holding: M&F Bank ($MFBC)
$MFBP: Undervalued community bank w/ $30M mkt cap, $450M assets, $75M+ cash (2.5x mkt cap). CEO aims for $1B+ assets via M&A or organic growth. $5M+ earnings (~17% FCF yield, 5-6 P/E) if no growth. $10M buybacks: ~30% FCF yield, 3 P/E. Upside if cash deployed well.
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