Middlefield Banc Corp (NASDAQ:MBCN) Given Average Rating of “Hold” by Brokerages
Shares of Middlefield Banc Corp (NASDAQ:MBCN) have earned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Analysts have set a 12 month consensus price target of $20.00 for the company and are forecasting that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also assigned Middlefield Banc an industry rank of 196 out of 254 based on the ratings given to related companies.
Several research analysts have recently weighed in on the stock. ValuEngine raised shares of Middlefield Banc from a “sell” rating to a “hold” rating in a report on Tuesday, April 21st. Zacks Investment Research raised Middlefield Banc from a “sell” rating to a “hold” rating in a research note on Wednesday, June 17th.
Middlefield Banc stock traded down $1.35 during trading on Monday, hitting $21.03. The stock had a trading volume of 587,023 shares, compared to its average volume of 17,576. The stock’s 50 day moving average is $19.53 and its two-hundred day moving average is $21.45. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.10. Middlefield Banc has a 1 year low of $12.00 and a 1 year high of $28.80. The stock has a market cap of $142.55 million, a price-to-earnings ratio of 13.48 and a beta of 0.78.
Middlefield Banc (NASDAQ:MBCN) last released its quarterly earnings results on Monday, April 27th. The bank reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.22. The firm had revenue of $11.11 million for the quarter, compared to analysts’ expectations of $11.41 million. Middlefield Banc had a net margin of 18.26% and a return on equity of 7.95%. As a group, equities research analysts anticipate that Middlefield Banc will post 0.82 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Thursday, June 4th were paid a $0.15 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 2.85%. Middlefield Banc’s dividend payout ratio is presently 30.77%.
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 accepts checking, savings, negotiable order of withdrawal, and money market accounts, as well as time certificates of deposit and IRA accounts.
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