Middlefield Banc (MBCN) Set to Announce Earnings on Monday

Middlefield Banc (NASDAQ:MBCN) is scheduled to post its quarterly earnings results after the market closes on Monday, February 5th. Analysts expect Middlefield Banc to post earnings of $0.81 per share for the quarter.

Middlefield Banc (NASDAQ:MBCN) opened at $49.95 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.01 and a quick ratio of 1.01. Middlefield Banc has a 12-month low of $39.00 and a 12-month high of $54.60. The stock has a market capitalization of $159.28, a price-to-earnings ratio of 16.11 and a beta of 0.15.

A number of large investors have recently bought and sold shares of the business. California State Teachers Retirement System purchased a new stake in Middlefield Banc in the second quarter valued at $232,000. The Manufacturers Life Insurance Company purchased a new stake in Middlefield Banc in the second quarter valued at $145,000. State Street Corp purchased a new stake in Middlefield Banc in the second quarter valued at $1,336,000. Finally, Vanguard Group Inc. purchased a new stake in shares of Middlefield Banc during the 2nd quarter worth about $399,000. 26.57% of the stock is currently owned by institutional investors.

Several research firms have commented on MBCN. Zacks Investment Research raised shares of Middlefield Banc from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Wednesday, January 3rd. Boenning Scattergood set a $54.00 price target on shares of Middlefield Banc and gave the company a “buy” rating in a report on Tuesday, October 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $51.00 price target on shares of Middlefield Banc in a report on Friday, December 22nd. Finally, ValuEngine lowered shares of Middlefield Banc from a “buy” rating to a “hold” rating in a report on Friday, December 22nd.

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Middlefield Banc Company Profile

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.

Earnings History for Middlefield Banc (NASDAQ:MBCN)

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