Middlefield Banc (MBCN) Projected to Post Earnings on Friday

Middlefield Banc (NASDAQ:MBCN) is expected to be releasing its earnings data before the market opens on Friday, January 24th. Analysts expect Middlefield Banc to post earnings of $0.46 per share and revenue of $17,130.00 billion for the quarter.

Middlefield Banc Trading Down 0.5 %

Shares of NASDAQ:MBCN opened at $24.77 on Thursday. The business’s 50 day moving average price is $28.90 and its 200-day moving average price is $27.70. Middlefield Banc has a 1 year low of $20.61 and a 1 year high of $34.00. The firm has a market capitalization of $199.89 million, a price-to-earnings ratio of 14.07 and a beta of 0.71. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.97 and a quick ratio of 0.97.

Middlefield Banc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.23%. Middlefield Banc’s payout ratio is currently 45.45%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. 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 target on shares of Middlefield Banc from $30.00 to $32.00 and gave the stock a “market perform” rating in a research note 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.