Middlefield Banc (MBCN) Releases Quarterly Earnings Results, Misses Estimates By $0.12 EPS
Middlefield Banc (NASDAQ:MBCN) released its quarterly earnings results on Monday. The bank reported $0.92 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.12), Bloomberg Earnings reports. Middlefield Banc had a return on equity of 10.04% and a net margin of 22.99%. The business had revenue of $11.36 million during the quarter, compared to analyst estimates of $11.72 million.
NASDAQ MBCN traded down $0.39 on Tuesday, hitting $40.49. 2,206 shares of the stock traded hands, compared to its average volume of 2,351. Middlefield Banc has a twelve month low of $38.50 and a twelve month high of $54.42. The stock has a market capitalization of $133.12 million, a P/E ratio of 10.57 and a beta of 0.25. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.07.
Several research analysts recently commented on the company. Zacks Investment Research cut Middlefield Banc from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 21st. ValuEngine cut Middlefield Banc from a “hold” rating to a “sell” rating in a research note on Wednesday, February 20th. Finally, Boenning Scattergood reiterated a “buy” rating on shares of Middlefield Banc in a research note on Friday, January 18th.
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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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