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

Middlefield Banc (NASDAQ:MBCN) announced its 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 net margin of 13.31% and a return on equity of 6.86%.

Middlefield Banc Stock Performance

Shares of MBCN stock traded down $0.51 during trading hours on Thursday, hitting $24.26. 7,509 shares of the company were exchanged, compared to its average volume of 9,890. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $195.78 million, a price-to-earnings ratio of 13.78 and a beta of 0.71. The firm has a fifty day simple moving average of $28.90 and a 200 day simple moving average of $27.70. Middlefield Banc has a 52-week low of $20.61 and a 52-week high of $34.00.

Middlefield Banc Announces Dividend

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

Analyst Ratings Changes

MBCN has been the subject of several analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of Middlefield Banc from $30.00 to $32.00 and gave the company a “market perform” rating in a research note 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.

Middlefield Banc Company Profile

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.