Middlefield Banc Corp. (NASDAQ:MBCN) to Release Quarterly Earnings on Tuesday
Middlefield Banc Corp. (NASDAQ:MBCN) is scheduled to post its quarterly earnings results after the market closes on Tuesday, July 18th. Analysts expect Middlefield Banc Corp. to post earnings of $0.85 per share for the quarter.
Middlefield Banc Corp. (MBCN) opened at 49.00 on Friday. The firm has a 50-day moving average price of $51.74 and a 200 day moving average price of $44.25. Middlefield Banc Corp. has a 1-year low of $31.75 and a 1-year high of $54.60. The company has a market capitalization of $157.00 million, a P/E ratio of 16.17 and a beta of 0.20.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Friday, June 2nd were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.20%. The ex-dividend date was Wednesday, May 31st. Middlefield Banc Corp.’s payout ratio is currently 35.41%.
In other Middlefield Banc Corp. news, CFO Donald L. Stacy sold 750 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $54.00, for a total value of $40,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Darryl E. Mast acquired 1,000 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was acquired at an average cost of $52.42 per share, for a total transaction of $52,420.00. The disclosure for this purchase can be found here. 8.41% of the stock is currently owned by company insiders.
Separately, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $44.00 price objective on shares of Middlefield Banc Corp. in a report on Wednesday, April 5th.
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About Middlefield Banc Corp.
Middlefield Banc Corp. is a bank holding company. The Company’s subsidiaries include The Middlefield Banking Company (MBC) and EMORECO Inc MBC is engaged in the general commercial banking business in northeastern and central Ohio. MBC offers customers a range of banking services, including checking, savings, 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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