Analysts Anticipate Middlefield Banc Corp (MBCN) to Announce $1.04 Earnings Per Share
Middlefield Banc Corp (NASDAQ:MBCN) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokers have set a 1 year consensus target price of $54.00 for the company and are expecting that the company will post $1.04 EPS for the current quarter, according to Zacks. Zacks has also assigned Middlefield Banc an industry rank of 206 out of 255 based on the ratings given to its competitors.
Several equities analysts recently issued reports on the company. Zacks Investment Research cut Middlefield Banc from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 21st. ValuEngine lowered Middlefield Banc from a “hold” rating to a “sell” rating in a research note on Wednesday, January 30th. Finally, Boenning Scattergood reissued a “buy” rating on shares of Middlefield Banc in a research note on Friday, January 18th.
Middlefield Banc stock traded up $0.44 during mid-day trading on Friday, hitting $40.88. The stock had a trading volume of 2,586 shares, compared to its average volume of 2,354. The stock has a market cap of $132.34 million, a price-to-earnings ratio of 10.67 and a beta of 0.25. Middlefield Banc has a 12 month low of $38.50 and a 12 month high of $54.42. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.07.
Middlefield Banc (NASDAQ:MBCN) last posted its quarterly earnings results on Thursday, January 17th. The bank reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.06. The business had revenue of $11.44 million for the quarter, compared to analysts’ expectations of $11.34 million. Middlefield Banc had a return on equity of 10.04% and a net margin of 22.99%. As a group, sell-side analysts expect that Middlefield Banc will post 4.24 EPS for the current year.
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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