Middlefield Banc Corp reports results for the quarter ended in March - Earnings Summary

Middlefield Banc

24/04/2023 23:05

* Middlefield Banc Corp  MBCN.OQ  reported quarterly
adjusted
earnings of 60 cents​​ per share for the quarter ended in March.
The mean expectation of two analysts for the quarter was
for earnings of 60 cents per share.
    * Revenue rose 41.3% to $18.19 million from a year ago;
analysts
expected $18.30 million. 
    * Middlefield Banc Corp's reported EPS for the quarter was
60
cents​.
    * The mean earnings estimate of analysts had fallen by
about 14.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Middlefield Banc Corp shares had fallen by 7.9% this
quarter and
lost 5.8% so far this year.
    * The company reported quarterly net income of $4.9 million.
    * Wall Street's median 12-month price target for Middlefield
Banc
Corp is $29.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 24 at 10:05 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.60           0.60           Met
 Dec. 31 2022      0.77           0.79           Beat
 Sep. 30 2022      0.67           0.80           Beat
 Jun. 30 2022      0.65           0.78           Beat