Middlefield Banc (NASDAQ:MBCN) Announces Earnings Results, Beats Expectations By $0.05 EPS

Middlefield Banc (NASDAQ:MBCN) posted its earnings results on Friday. The bank reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.05, MarketWatch Earnings reports. Middlefield Banc had a return on equity of 10.05% and a net margin of 22.52%.

NASDAQ MBCN opened at $45.52 on Friday. The business has a 50 day simple moving average of $47.23 and a 200 day simple moving average of $43.01. Middlefield Banc has a 52-week low of $38.50 and a 52-week high of $50.48. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $148.68 million, a price-to-earnings ratio of 11.89 and a beta of 0.25.

Shares of Middlefield Banc are scheduled to split before the market opens on Monday, November 11th. The 2-1 split was announced on Wednesday, October 9th. The newly minted shares will be distributed to shareholders after the closing bell on Friday, November 8th.

A number of analysts recently issued reports on the company. Zacks Investment Research raised Middlefield Banc from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. ValuEngine raised Middlefield Banc from a “sell” rating to a “hold” rating in a research note on Friday, July 19th.

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 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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Earnings History for Middlefield Banc (NASDAQ:MBCN)

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