For its first fiscal quarter (ending March 31), Middlefield Banc Corp (NASDAQ: MBCN) has reported a -13% decline in E.P.S. from $0.60 a year ago to $0.52 in the current quarter. However, this result exceeded the consensus estimate of $0.39 by $0.13. For the latest four quarters through March 31, E.P.S. were $2.06 compared to $2.56 a year ago — a decline of -20%.
Recent Price Action
On 4/30/24, Middlefield Banc Corp (NASDAQ: MBCN) stock declined by -2.2%, closing at $21.47. Moreover, trading volume in this decline was exceptionally high at 212% of normal. Relative to the market the stock has been weak over the last nine months and has declined -3.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, MBCN is expected to be Value Creation neutral.
Middlefield Banc has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Middlefield Banc has a neutral Appreciation Score of 58 but a poor Power Rating of 28, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment