Middlefield Banc (MBCN) Projected to Post Earnings on Friday

Middlefield Banc (NASDAQ:MBCN) is projected to issue its quarterly earnings data before the market opens on Friday, January 24th. Analysts expect Middlefield Banc to post 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 for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.18). The company 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 Stock Down 2.5 %

NASDAQ MBCN opened at $25.38 on Friday. The stock has a market capitalization of $204.84 million, a P/E ratio of 14.42 and a beta of 0.71. Middlefield Banc has a 52 week low of $20.61 and a 52 week high of $34.00. 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 has a fifty day moving average of $29.45 and a 200-day moving average of $27.61.

Middlefield Banc Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on MBCN. StockNews.com upgraded shares of Middlefield Banc from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Keefe, Bruyette & Woods lifted their price objective on Middlefield Banc from $30.00 to $32.00 and gave the stock 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.