Equities research analysts at StockNews.com assumed coverage on shares of Middlefield Banc (NASDAQ:MBCN – Get Rating) in a report released on Saturday. The brokerage set a “buy” rating on the bank’s stock.
Middlefield Banc Stock Performance
NASDAQ MBCN opened at $27.28 on Friday. The company has a market cap of $158.28 million, a PE ratio of 9.06 and a beta of 0.60. The stock’s 50 day simple moving average is $26.41 and its 200-day simple moving average is $25.62. Middlefield Banc has a 1-year low of $22.82 and a 1-year high of $30.62. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.92 and a quick ratio of 0.92.
Middlefield Banc (NASDAQ:MBCN – Get Rating) last released its earnings results on Monday, July 18th. The bank reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.03. Middlefield Banc had a return on equity of 12.89% and a net margin of 31.25%. The business had revenue of $13.41 million for the quarter, compared to the consensus estimate of $13.20 million.
Institutional Investors Weigh In On Middlefield Banc
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 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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