Middlefield Banc (NASDAQ:MBCN) Issues Earnings Results, Beats Estimates By $0.14 EPS

Middlefield Banc (NASDAQ:MBCN) released its quarterly earnings results on Thursday. The bank reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.14, Zacks reports. Middlefield Banc had a return on equity of 6.86% and a net margin of 13.31%.

Middlefield Banc Stock Down 2.1 %

MBCN opened at $24.26 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.97 and a quick ratio of 0.97. The business has a 50 day simple moving average of $28.90 and a 200-day simple moving average of $27.70. The stock has a market capitalization of $195.78 million, a P/E ratio of 13.78 and a beta of 0.71. Middlefield Banc has a 12 month low of $20.61 and a 12 month high of $34.00.

Middlefield Banc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.20 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.80 annualized dividend and a dividend yield of 3.30%. Middlefield Banc’s dividend payout ratio is currently 45.45%.

Wall Street Analysts Forecast Growth

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

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.