Middlefield Banc (NASDAQ:MBCN) is scheduled to post its quarterly earnings results after the market closes on Monday, February 5th. Analysts expect Middlefield Banc to post earnings of $0.81 per share for the quarter.
Middlefield Banc (NASDAQ MBCN) opened at $49.55 on Friday. Middlefield Banc has a fifty-two week low of $39.20 and a fifty-two week high of $54.60. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $161.05, a P/E ratio of 15.98 and a beta of 0.17.
A number of research analysts have recently weighed in on the company. ValuEngine upgraded Middlefield Banc from a “hold” rating to a “buy” rating in a report on Friday. Boenning Scattergood restated a “buy” rating on shares of Middlefield Banc in a report on Wednesday. Zacks Investment Research upgraded Middlefield Banc from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $51.00 target price on shares of Middlefield Banc in a report on Friday, December 22nd.
In related news, Director William A. Et Al Valerian sold 1,100 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $49.86, for a total transaction of $54,846.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.41% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of MBCN. Vanguard Group Inc. purchased a new stake in shares of Middlefield Banc during the second quarter valued at approximately $399,000. State Street Corp purchased a new stake in shares of Middlefield Banc during the second quarter valued at approximately $1,336,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Middlefield Banc during the second quarter valued at approximately $145,000. Finally, California State Teachers Retirement System purchased a new stake in shares of Middlefield Banc during the second quarter valued at approximately $232,000. 26.57% of the stock is owned by institutional investors.
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Middlefield Banc Company Profile
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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