For its third fiscal quarter (ending September 30), Middlefield Banc Corp (NASDAQ: MBCN) has reported a -38% decline in E.P.S. from $0.47 a year ago to $0.29 in the current quarter. This performance was $-0.16 short of the consensus estimate of $0.45. E.P.S. were $1.76 for the latest four quarters through September 30 versus $2.24 for the same period a year ago — a decline of -21%.
Recent Price Action
Middlefield Banc Corp (NASDAQ: MBCN) stock closed at $30.50 on 10/17/24 after a modest gain of 0.3%. Moreover, trading volume in this advance was above average at 148% of normal. The stock has risen 6.0% during the last week and has performed in line with the market over the last nine months.
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 C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Middlefield Banc has a neutral Appreciation Score of 51 and a neutral Power Rating of 53, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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