Q2 2022 EPS Estimates for Middlefield Banc Corp. Increased by Boenning Scattergood (NASDAQ:MBCN)

Middlefield Banc Corp. (NASDAQ:MBCNGet Rating) – Equities researchers at Boenning Scattergood boosted their Q2 2022 earnings per share estimates for Middlefield Banc in a research report issued to clients and investors on Monday, April 25th. Boenning Scattergood analyst D. Cardenas now forecasts that the bank will earn $0.67 per share for the quarter, up from their prior estimate of $0.59. Boenning Scattergood also issued estimates for Middlefield Banc’s Q3 2022 earnings at $0.59 EPS, Q4 2022 earnings at $0.59 EPS, FY2022 earnings at $2.49 EPS and FY2023 earnings at $2.58 EPS.

Middlefield Banc (NASDAQ:MBCNGet Rating) last posted its quarterly earnings data on Thursday, April 21st. The bank reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. Middlefield Banc had a net margin of 31.63% and a return on equity of 12.55%.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Middlefield Banc from a “buy” rating to a “hold” rating in a research note on Thursday, March 31st. StockNews.com initiated coverage on shares of Middlefield Banc in a research note on Wednesday. They issued a “buy” rating on the stock.

Shares of Middlefield Banc stock opened at $25.72 on Wednesday. The firm has a market cap of $151.18 million, a PE ratio of 8.54 and a beta of 0.78. The firm’s 50-day simple moving average is $25.16 and its 200-day simple moving average is $25.35. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.94 and a current ratio of 0.94. Middlefield Banc has a 1 year low of $22.01 and a 1 year high of $30.62.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Friday, March 4th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, March 3rd. This represents a $0.68 annualized dividend and a yield of 2.64%. Middlefield Banc’s dividend payout ratio (DPR) is 22.59%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MBCN. Marshall Wace LLP acquired a new stake in shares of Middlefield Banc in the fourth quarter valued at approximately $44,000. Royal Bank of Canada increased its stake in shares of Middlefield Banc by 229.6% in the second quarter. Royal Bank of Canada now owns 2,037 shares of the bank’s stock valued at $48,000 after purchasing an additional 1,419 shares during the period. Barclays PLC increased its stake in shares of Middlefield Banc by 230.3% in the fourth quarter. Barclays PLC now owns 2,309 shares of the bank’s stock valued at $57,000 after purchasing an additional 1,610 shares during the period. UBS Group AG increased its stake in shares of Middlefield Banc by 21.6% in the third quarter. UBS Group AG now owns 2,977 shares of the bank’s stock valued at $71,000 after purchasing an additional 529 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Middlefield Banc in the fourth quarter valued at approximately $133,000. Hedge funds and other institutional investors own 30.23% of the company’s stock.

Middlefield Banc Company Profile (Get Rating)

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 provides 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.

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