Middlefield Banc Corp (NASDAQ:MBCN) announced a quarterly dividend on Monday, November 13th, Zacks reports. Shareholders of record on Tuesday, November 28th will be given a dividend of 0.27 per share by the bank on Friday, December 15th. This represents a $1.08 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Monday, November 27th.
Middlefield Banc (NASDAQ MBCN) traded up $0.30 during trading hours on Thursday, reaching $45.30. The company’s stock had a trading volume of 1,565 shares, compared to its average volume of 5,837. Middlefield Banc has a twelve month low of $38.05 and a twelve month high of $54.60. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $145.15, a PE ratio of 14.56 and a beta of 0.15.
Several hedge funds have recently modified their holdings of the company. California State Teachers Retirement System acquired a new position in shares of Middlefield Banc during the second quarter worth $232,000. The Manufacturers Life Insurance Company acquired a new position in shares of Middlefield Banc in the 2nd quarter valued at $145,000. State Street Corp acquired a new position in shares of Middlefield Banc in the 2nd quarter valued at $1,336,000. Finally, Vanguard Group Inc. acquired a new position in shares of Middlefield Banc in the 2nd quarter valued at $399,000. 26.57% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research cut Middlefield Banc from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 1st. Boenning Scattergood set a $54.00 price objective on Middlefield Banc and gave the stock a “buy” rating in a research note on Tuesday, October 31st.
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About Middlefield Banc
Middlefield Banc Corp. is a bank holding company. The Company’s subsidiaries include The Middlefield Banking Company (MBC) and EMORECO Inc MBC is engaged in the general commercial banking business in northeastern and central Ohio. MBC offers customers a range of banking services, including checking, savings, money market accounts, time certificates of deposit, commercial loans, real estate loans, various consumer loans, safe deposit facilities and travelers’ checks.
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