Middlefield Banc (MBCN) Projected to Post Earnings on Friday

Middlefield Banc (NASDAQ:MBCN - Get Free Report) is expected to issue 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 - Get Free Report) last announced its earnings results on Thursday, October 17th. The bank reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.18). Middlefield Banc had a return on equity of 6.86% and a net margin of 13.31%. The business had revenue of $16.82 million for the quarter, compared to analysts' expectations of $17.10 million. 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 0.9 %

NASDAQ:MBCN traded down $0.23 during mid-day trading on Friday, hitting $25.15. 4,566 shares of the company's stock traded hands, compared to its average volume of 9,471. The company has a fifty day moving average of $29.45 and a 200 day moving average of $27.61. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.97 and a current ratio of 0.97. Middlefield Banc has a twelve month low of $20.61 and a twelve month high of $34.00. The company has a market capitalization of $202.94 million, a P/E ratio of 14.29 and a beta of 0.71.

Middlefield Banc Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.80 annualized dividend and a dividend yield of 3.18%. Middlefield Banc's dividend payout ratio (DPR) is currently 45.45%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. StockNews.com upgraded shares of Middlefield Banc from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Keefe, Bruyette & Woods upped their target price on Middlefield Banc from $30.00 to $32.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th.

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.