Middlefield Banc (NASDAQ:MBCN) Releases Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Middlefield Banc (NASDAQ:MBCN) posted its quarterly earnings results on Thursday. The bank reported $0.60 EPS for the quarter, beating the consensus estimate 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 Performance

Middlefield Banc stock opened at $24.26 on Friday. 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 $28.90 and a two-hundred day moving average of $27.70. The company has a market capitalization of $195.78 million, a price-to-earnings ratio of 13.78 and a beta of 0.71. Middlefield Banc has a fifty-two week low of $20.61 and a fifty-two week high of $34.00.

Middlefield Banc Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently weighed in on MBCN. StockNews.com raised Middlefield Banc from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Keefe, Bruyette & Woods raised 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.