Eidelman Virant Capital Raises Stake in Middlefield Banc Corp (NASDAQ:MBCN)

Eidelman Virant Capital raised its stake in Middlefield Banc Corp (NASDAQ:MBCN) by 100.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,010 shares of the bank’s stock after buying an additional 7,005 shares during the quarter. Eidelman Virant Capital owned approximately 0.22% of Middlefield Banc worth $366,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Ancora Advisors LLC grew its holdings in Middlefield Banc by 33.4% in the 3rd quarter. Ancora Advisors LLC now owns 183,333 shares of the bank’s stock valued at $8,579,000 after buying an additional 45,897 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Middlefield Banc by 90.3% in the 2nd quarter. Renaissance Technologies LLC now owns 44,827 shares of the bank’s stock valued at $1,838,000 after buying an additional 21,272 shares in the last quarter. Paloma Partners Management Co purchased a new stake in Middlefield Banc in the 2nd quarter valued at $599,000. YHB Investment Advisors Inc. purchased a new stake in Middlefield Banc in the 3rd quarter valued at $209,000. Finally, Russell Investments Group Ltd. purchased a new stake in Middlefield Banc in the 3rd quarter valued at $199,000. Institutional investors own 13.56% of the company’s stock.

Several equities analysts have recently commented on MBCN shares. ValuEngine lowered Middlefield Banc from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 3rd. Zacks Investment Research lowered Middlefield Banc from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th.

Shares of Middlefield Banc stock opened at $25.44 on Thursday. Middlefield Banc Corp has a 52 week low of $19.40 and a 52 week high of $28.80. The business’s fifty day simple moving average is $26.26 and its 200-day simple moving average is $39.04. The firm has a market cap of $163.15 million, a PE ratio of 12.73 and a beta of 0.29. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09.

Middlefield Banc (NASDAQ:MBCN) last announced its quarterly earnings results on Friday, October 18th. The bank reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.02. Middlefield Banc had a return on equity of 9.80% and a net margin of 22.00%. The business had revenue of $11.68 million for the quarter, compared to analyst estimates of $11.30 million. As a group, equities analysts expect that Middlefield Banc Corp will post 1.95 earnings per share for the current year.

Middlefield Banc Company Profile

Middlefield Banc Corp. operates as the bank holding company for The Middlefield Banking Company that provides various commercial banking services to small and medium-sized businesses, professionals, small business owners, and retail customers in northeastern and central Ohio. It accepts checking, savings, negotiable order of withdrawal, and money market accounts, as well as time certificates of deposit and IRA accounts.

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Institutional Ownership by Quarter for Middlefield Banc (NASDAQ:MBCN)

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