Middlefield Banc (NASDAQ:MBCN - Get Free Report) issued its quarterly earnings results on Tuesday. The bank reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.65 by ($0.27), FiscalAI reports. The business had revenue of $19.34 million for the quarter, compared to the consensus estimate of $19.97 million. Middlefield Banc had a net margin of 18.39% and a return on equity of 9.79%.

Middlefield Banc Stock Up 0.5%

Shares of NASDAQ:MBCN opened at $35.02 on Tuesday. The stock's 50-day moving average is $35.09 and its 200 day moving average is $32.36. The company has a market cap of $283.31 million, a PE ratio of 13.42 and a beta of 0.38. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99. Middlefield Banc has a 1 year low of $22.74 and a 1 year high of $37.67.

Middlefield Banc Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $0.84 annualized dividend and a dividend yield of 2.4%. Middlefield Banc's dividend payout ratio (DPR) is presently 32.18%.

Hedge Funds Weigh In On Middlefield Banc

Several hedge funds have recently made changes to their positions in MBCN. Empowered Funds LLC lifted its stake in Middlefield Banc by 3.5% in the first quarter. Empowered Funds LLC now owns 17,863 shares of the bank's stock worth $499,000 after acquiring an additional 598 shares during the period. Bridgeway Capital Management LLC raised its holdings in Middlefield Banc by 1.5% in the 2nd quarter. Bridgeway Capital Management LLC now owns 48,603 shares of the bank's stock worth $1,463,000 after purchasing an additional 740 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Middlefield Banc by 102.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,512 shares of the bank's stock worth $45,000 after purchasing an additional 764 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Middlefield Banc by 21.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,504 shares of the bank's stock valued at $225,000 after purchasing an additional 1,313 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Middlefield Banc by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 172,196 shares of the bank's stock valued at $5,949,000 after buying an additional 1,458 shares during the period. 31.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Zacks Research upgraded shares of Middlefield Banc from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 20th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $35.00 price objective (up from $32.00) on shares of Middlefield Banc in a research note on Thursday, October 23rd. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Middlefield Banc in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $35.00.

Check Out Our Latest Stock Analysis on MBCN

About Middlefield Banc

(Get Free Report)

Middlefield Banc is a bank holding company headquartered in Middlefield, Ohio, operating through its subsidiary, Middlefield Banking Company. The firm offers a suite of deposit products, including checking, savings, money market accounts and certificates of deposit, alongside comprehensive cash management solutions designed for both individual consumers and businesses.

On the lending side, Middlefield Banc specializes in commercial and residential real estate loans, consumer installment loans and lines of credit.

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