Middlefield Banc Corp. (NASDAQ:MBCN) posted its earnings results on Wednesday, July 26th. The bank reported $0.83 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by $0.02, MarketWatch Earnings reports. The business had revenue of $10.27 million for the quarter. Middlefield Banc Corp. had a return on equity of 8.97% and a net margin of 18.69%.
Middlefield Banc Corp. (MBCN) traded up 0.11% on Friday, reaching $43.70. The company’s stock had a trading volume of 802 shares. The company has a market cap of $140.32 million, a P/E ratio of 14.71 and a beta of 0.16. The stock’s 50 day moving average price is $49.71 and its 200 day moving average price is $45.95. Middlefield Banc Corp. has a 12 month low of $32.45 and a 12 month high of $54.60.
Separately, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $47.00 target price on shares of Middlefield Banc Corp. in a report on Thursday, July 27th.
In other Middlefield Banc Corp. news, CFO Donald L. Stacy sold 750 shares of the stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $54.00, for a total transaction of $40,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Darryl E. Mast purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, June 14th. The shares were acquired at an average price of $52.42 per share, with a total value of $52,420.00. The disclosure for this purchase can be found here. Company insiders own 8.41% of the company’s stock.
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Middlefield Banc Corp. 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.
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