Middlefield Banc (MBCN) Scheduled to Post Earnings on Monday

Middlefield Banc (NASDAQ:MBCN) is scheduled to post its quarterly earnings results on Monday, April 22nd.

Middlefield Banc (NASDAQ:MBCN) last issued its quarterly earnings data on Friday, January 26th. The bank reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.06). Middlefield Banc had a net margin of 17.91% and a return on equity of 8.76%. The company had revenue of $25.69 million during the quarter, compared to the consensus estimate of $17.80 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 Price Performance

NASDAQ:MBCN opened at $22.29 on Friday. Middlefield Banc has a 52 week low of $21.85 and a 52 week high of $37.00. The firm has a market cap of $179.88 million, a price-to-earnings ratio of 10.42 and a beta of 0.62. The firm’s 50-day simple moving average is $23.84 and its 200 day simple moving average is $27.17. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend was Thursday, February 29th. Middlefield Banc’s dividend payout ratio is 37.38%.

Insider Activity

In other Middlefield Banc news, Director Michael C. Voinovich bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average cost of $26.67 per share, for a total transaction of $26,670.00. Following the transaction, the director now directly owns 8,253 shares in the company, valued at $220,107.51. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.81% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada bought a new stake in shares of Middlefield Banc in the 2nd quarter valued at $29,000. Rockefeller Capital Management L.P. bought a new stake in Middlefield Banc in the 4th quarter valued at about $54,000. BNP Paribas Arbitrage SNC bought a new stake in Middlefield Banc in the 2nd quarter valued at about $55,000. California State Teachers Retirement System bought a new stake in Middlefield Banc in the 2nd quarter valued at about $70,000. Finally, Bank of America Corp DE bought a new stake in Middlefield Banc in the 4th quarter valued at about $74,000. Institutional investors own 31.72% of the company’s stock.

Analyst Ratings Changes

Separately, Hovde Group assumed coverage on shares of Middlefield Banc in a research note on Monday, April 1st. They set a “market perform” rating and a $25.00 price objective on the stock.

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.