Middlefield Banc (NASDAQ:MBCN - Get Free Report) released its quarterly earnings data on Tuesday. The bank reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.09, Yahoo Finance reports. The firm had revenue of $26.41 million during the quarter, compared to the consensus estimate of $17.10 million. Middlefield Banc had a net margin of 17.91% and a return on equity of 8.76%.
Middlefield Banc Stock Performance
MBCN stock traded up $0.02 during mid-day trading on Wednesday, reaching $21.49. The company had a trading volume of 10,097 shares, compared to its average volume of 10,208. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $173.42 million, a P/E ratio of 10.28 and a beta of 0.62. Middlefield Banc has a one year low of $21.36 and a one year high of $37.00. The stock's 50-day simple moving average is $23.37 and its two-hundred day simple moving average is $26.92.
Middlefield Banc Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend was Thursday, February 29th. Middlefield Banc's payout ratio is 37.38%.
Analyst Upgrades and Downgrades
Separately, Hovde Group decreased their price objective on shares of Middlefield Banc from $25.00 to $23.00 and set a "market perform" rating for the company in a report on Wednesday.
View Our Latest Stock Analysis on Middlefield Banc
Insider Buying and Selling at Middlefield Banc
In other Middlefield Banc news, Director Michael C. Voinovich bought 1,000 shares of the stock in a transaction on Friday, February 2nd. The shares were bought at an average price of $26.67 per share, with a total value of $26,670.00. Following the purchase, the director now directly owns 8,253 shares in the company, valued at approximately $220,107.51. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.81% of the company's stock.
About Middlefield Banc
(
Get Free Report)
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.
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