Shares of Middlefield Banc Corp (NASDAQ:MBCN) have earned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Analysts have set a 12 month consensus price target of $20.00 for the company and are forecasting that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also assigned Middlefield Banc an industry rank of 196 out of 254 based on the ratings given to related companies.

Several research analysts have recently weighed in on the stock. ValuEngine raised shares of Middlefield Banc from a “sell” rating to a “hold” rating in a report on Tuesday, April 21st. Zacks Investment Research raised Middlefield Banc from a “sell” rating to a “hold” rating in a research note on Wednesday, June 17th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its stake in Middlefield Banc by 1,412.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 968 shares of the bank’s stock valued at $26,000 after acquiring an additional 904 shares during the last quarter. Banc Funds Co. LLC boosted its position in Middlefield Banc by 100.0% during the fourth quarter. Banc Funds Co. LLC now owns 51,748 shares of the bank’s stock valued at $1,350,000 after buying an additional 25,874 shares during the period. Carnegie Capital Asset Management LLC boosted its position in Middlefield Banc by 96.4% during the fourth quarter. Carnegie Capital Asset Management LLC now owns 188,866 shares of the bank’s stock valued at $4,928,000 after buying an additional 92,692 shares during the period. Elizabeth Park Capital Advisors Ltd. boosted its position in Middlefield Banc by 100.0% during the fourth quarter. Elizabeth Park Capital Advisors Ltd. now owns 162,182 shares of the bank’s stock valued at $4,231,000 after buying an additional 81,091 shares during the period. Finally, Geode Capital Management LLC boosted its position in Middlefield Banc by 100.0% during the fourth quarter. Geode Capital Management LLC now owns 44,171 shares of the bank’s stock valued at $1,152,000 after buying an additional 22,086 shares during the period. 28.94% of the stock is currently owned by institutional investors and hedge funds.

Middlefield Banc stock traded down $1.35 during trading on Monday, hitting $21.03. The stock had a trading volume of 587,023 shares, compared to its average volume of 17,576. The stock’s 50 day moving average is $19.53 and its two-hundred day moving average is $21.45. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.10. Middlefield Banc has a 1 year low of $12.00 and a 1 year high of $28.80. The stock has a market cap of $142.55 million, a price-to-earnings ratio of 13.48 and a beta of 0.78.

Middlefield Banc (NASDAQ:MBCN) last released its quarterly earnings results on Monday, April 27th. The bank reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.22. The firm had revenue of $11.11 million for the quarter, compared to analysts’ expectations of $11.41 million. Middlefield Banc had a net margin of 18.26% and a return on equity of 7.95%. As a group, equities research analysts anticipate that Middlefield Banc will post 0.82 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Thursday, June 4th were paid a $0.15 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 2.85%. Middlefield Banc’s dividend payout ratio is presently 30.77%.

About Middlefield Banc

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.

Read More: Dividend Yield

Get a free copy of the Zacks research report on Middlefield Banc (MBCN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Middlefield Banc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Middlefield Banc and related companies with MarketBeat.com's FREE daily email newsletter.