Middlefield Banc (MBCN) Scheduled to Post Earnings on Monday

Middlefield Banc (NASDAQ:MBCN) is scheduled to issue its quarterly earnings data on Monday, April 22nd.

Middlefield Banc (NASDAQ:MBCN) last announced its quarterly earnings data on Friday, January 26th. The bank reported $0.44 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.06). The business had revenue of $25.69 million for the quarter, compared to analyst estimates of $17.80 million. Middlefield Banc had a net margin of 17.91% and a return on equity of 8.76%. On average, analysts expect Middlefield Banc to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Middlefield Banc Trading Up 0.7 %

NASDAQ MBCN opened at $22.29 on Friday. The company has a fifty day moving average of $23.84 and a 200 day moving average of $27.17. The company has a market capitalization of $179.88 million, a PE ratio of 10.42 and a beta of 0.62. 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 has a 1 year low of $21.85 and a 1 year high of $37.00.

Middlefield Banc Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.59%. Middlefield Banc’s payout ratio is 37.38%.

Analyst Ratings Changes

Separately, Hovde Group started coverage on shares of Middlefield Banc in a research note on Monday, April 1st. They set a “market perform” rating and a $25.00 price objective on the stock.

Insider Activity at Middlefield Banc

In other Middlefield Banc news, Director Michael C. Voinovich purchased 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, for a total transaction of $26,670.00. Following the completion of the transaction, the director now owns 8,253 shares of the company’s stock, valued at approximately $220,107.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.81% of the stock is owned by company insiders.

Hedge Funds Weigh In On Middlefield Banc

A number of large investors have recently added to or reduced their stakes in MBCN. BlackRock Inc. raised its position in shares of Middlefield Banc by 428.8% in the second quarter. BlackRock Inc. now owns 412,495 shares of the bank’s stock valued at $11,055,000 after buying an additional 334,482 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Middlefield Banc by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 382,414 shares of the bank’s stock worth $12,379,000 after purchasing an additional 3,092 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Middlefield Banc by 111.6% in the second quarter. Geode Capital Management LLC now owns 150,235 shares of the bank’s stock valued at $4,026,000 after purchasing an additional 79,250 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Middlefield Banc by 2.7% in the third quarter. Dimensional Fund Advisors LP now owns 101,618 shares of the bank’s stock valued at $2,753,000 after purchasing an additional 2,714 shares during the last quarter. Finally, State Street Corp lifted its position in Middlefield Banc by 374.2% during the second quarter. State Street Corp now owns 92,474 shares of the bank’s stock worth $2,478,000 after buying an additional 72,974 shares in the last quarter. 31.72% of the stock is currently owned by institutional investors and hedge funds.

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 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.