Middlefield Banc (NASDAQ:MBCN) Posts Earnings Results

Middlefield Banc (NASDAQ:MBCN) announced its earnings results on Tuesday. The bank reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.27), FiscalAI reports. Middlefield Banc had a return on equity of 9.79% and a net margin of 18.39%.The firm had revenue of $19.34 million during the quarter, compared to the consensus estimate of $19.97 million.

Middlefield Banc Stock Performance

Shares of MBCN stock opened at $35.02 on Tuesday. The company has a market capitalization of $283.31 million, a price-to-earnings ratio of 13.42 and a beta of 0.38. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99. Middlefield Banc has a one year low of $22.74 and a one year high of $37.67. The company’s 50-day moving average is $35.09 and its 200 day moving average is $32.36.

Middlefield Banc Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, February 17th. Middlefield Banc’s dividend payout ratio is 32.18%.

Institutional Investors Weigh In On Middlefield Banc

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in Middlefield Banc by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 172,196 shares of the bank’s stock worth $5,949,000 after acquiring an additional 1,458 shares during the last quarter. Citadel Advisors LLC raised its stake in shares of Middlefield Banc by 36.7% in the third quarter. Citadel Advisors LLC now owns 28,515 shares of the bank’s stock worth $856,000 after purchasing an additional 7,649 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Middlefield Banc by 9.9% during the third quarter. Alliancebernstein L.P. now owns 197,516 shares of the bank’s stock valued at $5,927,000 after purchasing an additional 17,804 shares in the last quarter. Bridgeway Capital Management LLC boosted its position in shares of Middlefield Banc by 3.7% during the third quarter. Bridgeway Capital Management LLC now owns 50,422 shares of the bank’s stock valued at $1,513,000 after buying an additional 1,819 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Middlefield Banc by 102.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,512 shares of the bank’s stock worth $45,000 after buying an additional 764 shares in the last quarter. Institutional investors own 31.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Zacks Research upgraded Middlefield Banc from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $35.00 price target (up from $32.00) on shares of Middlefield Banc in a research report on Thursday, October 23rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Middlefield Banc in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $35.00.

About Middlefield Banc

Middlefield Banc is a bank holding company headquartered in Middlefield, Ohio, operating through its subsidiary, Middlefield Banking Company. The firm offers a suite of deposit products, including checking, savings, money market accounts and certificates of deposit, alongside comprehensive cash management solutions designed for both individual consumers and businesses.

On the lending side, Middlefield Banc specializes in commercial and residential real estate loans, consumer installment loans and lines of credit.