Middlefield Banc Corp. (NASDAQ:MBCN) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokerages have set a 12 month consensus price objective of $54.00 for the company and are forecasting that the company will post $0.79 EPS for the current quarter, according to Zacks. Zacks has also given Middlefield Banc Corp. an industry rank of 117 out of 265 based on the ratings given to related companies.
A number of brokerages have issued reports on MBCN. Boenning Scattergood reissued an “outperform” rating and issued a $54.00 price target on shares of Middlefield Banc Corp. in a research note on Monday, August 14th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $47.00 price target on shares of Middlefield Banc Corp. in a research note on Thursday, July 27th. Finally, Zacks Investment Research lowered Middlefield Banc Corp. from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 1st.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of Middlefield Banc Corp. in the 3rd quarter valued at about $376,000. Bank of New York Mellon Corp lifted its stake in shares of Middlefield Banc Corp. by 19.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 9,317 shares of the bank’s stock valued at $430,000 after purchasing an additional 1,536 shares in the last quarter. California State Teachers Retirement System acquired a new position in shares of Middlefield Banc Corp. in the 2nd quarter valued at about $232,000. The Manufacturers Life Insurance Company acquired a new position in shares of Middlefield Banc Corp. in the 2nd quarter valued at about $145,000. Finally, State Street Corp acquired a new position in shares of Middlefield Banc Corp. in the 2nd quarter valued at about $1,336,000. 24.99% of the stock is currently owned by institutional investors and hedge funds.
Shares of Middlefield Banc Corp. (NASDAQ MBCN) opened at $44.90 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.33. Middlefield Banc Corp. has a 52 week low of $35.05 and a 52 week high of $54.60. The stock has a market capitalization of $144.34, a PE ratio of 14.48 and a beta of 0.16.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, November 28th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Monday, November 27th. Middlefield Banc Corp.’s dividend payout ratio is currently 34.84%.
Middlefield Banc Corp. 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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