Middlefield Banc (MBCN) to Release Earnings on Friday

Middlefield Banc (NASDAQ:MBCN) will likely be issuing its quarterly earnings data before the market opens on Friday, January 24th. Analysts expect the company to announce earnings of $0.46 per share and revenue of $17,130.00 billion for the quarter.

Middlefield Banc (NASDAQ:MBCN) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.18). The business had revenue of $16.82 million during the quarter, compared to analyst estimates of $17.10 million. Middlefield Banc had a net margin of 13.31% and a return on equity of 6.86%. On average, analysts expect Middlefield Banc to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Middlefield Banc Price Performance

NASDAQ:MBCN opened at $25.38 on Friday. Middlefield Banc has a 52-week low of $20.61 and a 52-week high of $34.00. The company has a market cap of $204.84 million, a P/E ratio of 14.42 and a beta of 0.71. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.97 and a current ratio of 0.97. The stock’s 50-day simple moving average is $29.45 and its 200 day simple moving average is $27.61.

Middlefield Banc Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.80 annualized dividend and a dividend yield of 3.15%. Middlefield Banc’s dividend payout ratio is presently 45.45%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MBCN. StockNews.com raised shares of Middlefield Banc from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Keefe, Bruyette & Woods upped their price objective on Middlefield Banc from $30.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

About Middlefield Banc

Middlefield Banc Corp. operates as the bank holding company for The Middlefield Banking Company that provides various commercial banking services to small and medium-sized businesses, professionals, small business owners, and retail customers in northeastern and central Ohio. It offers checking, savings, negotiable order of withdrawal accounts, money market accounts, time certificates of deposit, commercial loans, real estate loans, various consumer loans, safe deposit facilities, and travelers' checks.