Shares of Middlefield Banc Corp (NASDAQ:MBCN) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokers have set a twelve-month consensus target price of $54.00 for the company and are anticipating that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also assigned Middlefield Banc an industry rank of 25 out of 265 based on the ratings given to related companies.
A number of equities analysts have weighed in on the stock. Zacks Investment Research raised shares of Middlefield Banc from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Wednesday, January 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $51.00 price objective on shares of Middlefield Banc in a research report on Friday, December 22nd. ValuEngine cut shares of Middlefield Banc from a “buy” rating to a “hold” rating in a research report on Friday, December 22nd. Finally, Boenning Scattergood set a $54.00 price objective on shares of Middlefield Banc and gave the company a “buy” rating in a research report on Tuesday, October 31st.
Middlefield Banc (NASDAQ MBCN) traded up $0.25 during trading hours on Friday, reaching $48.50. 2,276 shares of the company’s stock were exchanged, compared to its average volume of 2,829. 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 stock has a market cap of $157.20, a PE ratio of 15.65 and a beta of 0.15. Middlefield Banc has a one year low of $38.50 and a one year high of $54.60.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Tuesday, November 28th were paid a $0.27 dividend. The ex-dividend date was Monday, November 27th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.23%. Middlefield Banc’s dividend payout ratio (DPR) is presently 34.84%.
Institutional investors have recently modified their holdings of the company. New York State Common Retirement Fund acquired a new stake in shares of Middlefield Banc in the 2nd quarter valued at about $141,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Middlefield Banc in the 2nd quarter valued at about $145,000. Wells Fargo & Company MN raised its stake in shares of Middlefield Banc by 0.3% in the 2nd quarter. Wells Fargo & Company MN now owns 2,926 shares of the bank’s stock valued at $148,000 after purchasing an additional 10 shares in the last quarter. Teachers Advisors LLC acquired a new stake in shares of Middlefield Banc in the 2nd quarter valued at about $230,000. Finally, California State Teachers Retirement System acquired a new stake in shares of Middlefield Banc in the 2nd quarter valued at about $232,000. Institutional investors and hedge funds own 26.57% of the company’s stock.
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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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