Middlefield Banc Corp (NASDAQ:MBCN) has been given an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating.

Brokerages have set a 12 month consensus price objective of $20.00 for the company and are forecasting that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also given Middlefield Banc an industry rank of 220 out of 254 based on the ratings given to related companies.

MBCN has been the subject of a number of research analyst reports. Zacks Investment Research cut Middlefield Banc from a “hold” rating to a “sell” rating in a research report on Wednesday, April 22nd. ValuEngine upgraded Middlefield Banc from a “sell” rating to a “hold” rating in a research report on Tuesday, April 21st.

Middlefield Banc stock traded up $0.34 during midday trading on Friday, reaching $18.98. The company’s stock had a trading volume of 615 shares, compared to its average volume of 9,159. Middlefield Banc has a fifty-two week low of $12.00 and a fifty-two week high of $28.80. The firm has a market capitalization of $120.90 million, a PE ratio of 11.43 and a beta of 0.76. The stock’s 50 day simple moving average is $17.41 and its 200 day simple moving average is $22.69. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.99 and a current ratio of 0.99.

Middlefield Banc (NASDAQ:MBCN) last announced its quarterly earnings results on Monday, April 27th. The bank reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.22. Middlefield Banc had a return on equity of 7.95% and a net margin of 18.26%. The business had revenue of $11.11 million during the quarter, compared to analysts’ expectations of $11.41 million. Equities analysts predict that Middlefield Banc will post 1.04 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Thursday, June 4th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Wednesday, June 3rd. Middlefield Banc’s dividend payout ratio is presently 30.77%.

A number of institutional investors have recently bought and sold shares of MBCN. Ancora Advisors LLC increased its position in Middlefield Banc by 98.8% during the 4th quarter. Ancora Advisors LLC now owns 364,419 shares of the bank’s stock worth $9,507,000 after purchasing an additional 181,086 shares in the last quarter. Siena Capital Partners GP LLC increased its position in Middlefield Banc by 100.0% during the 4th quarter. Siena Capital Partners GP LLC now owns 206,348 shares of the bank’s stock worth $5,384,000 after purchasing an additional 103,174 shares in the last quarter. Carnegie Capital Asset Management LLC increased its position in Middlefield Banc by 96.4% during the 4th quarter. Carnegie Capital Asset Management LLC now owns 188,866 shares of the bank’s stock worth $4,928,000 after purchasing an additional 92,692 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. increased its position in Middlefield Banc by 100.0% during the 4th quarter. Elizabeth Park Capital Advisors Ltd. now owns 162,182 shares of the bank’s stock worth $4,231,000 after purchasing an additional 81,091 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Middlefield Banc by 108.5% during the 4th quarter. Renaissance Technologies LLC now owns 88,012 shares of the bank’s stock worth $2,296,000 after purchasing an additional 45,803 shares in the last quarter. Hedge funds and other institutional investors own 28.94% of the company’s stock.

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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