Middlefield Banc Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]
Middlefield Banc Corp. (MBCN)
Last middlefield banc corp. earnings: 4/27 08:00 am
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US:NASDAQ Investor Relations:
middlefieldbank.bank/company/mbc9.asp
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Source: Yahoo! Finance
Key Financial Results Revenue: US$14.6m (down 13% from 3Q 2023). Net income: US$2.34m (down 39% from 3Q 2023). Profit margin: 16% (down from 23% in 3Q 2023). The decrease in margin was driven by lower revenue. EPS: US$0.29 (down from US$0.47 in 3Q 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Middlefield Banc Revenues and Earnings Miss Expectations Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 36%. Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. The company's shares are down 5.1% from a week ago. Balance Sheet Analysis While earnings are important, another area to consider is the balance sheet. See our latest analysis on Middlefield Banc's balance sheet health. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternat
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MBCN
News
- Middlefield Banc Corp. (NASDAQ: MBCN) had its price target raised by analysts at Keefe, Bruyette & Woods from $30.00 to $32.00. They now have a "market perform" rating on the stock.MarketBeat
- Middlefield Banc Corp. Announces 2024 Fourth-Quarter Cash Dividend Payment [Yahoo! Finance]Yahoo! Finance
- Middlefield Banc Corp. Announces 2024 Fourth-Quarter Cash Dividend PaymentGlobeNewswire
- Middlefield Banc Corp. (NASDAQ: MBCN) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Middlefield Banc Corp. (NASDAQ: MBCN) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
MBCN
Earnings
- 7/18/24 - Beat
MBCN
Sec Filings
- 12/3/24 - Form 4
- 11/26/24 - Form S-3DPOS
- 11/22/24 - Form 8-K
- MBCN's page on the SEC website