Middlefield Banc Corp (NASDAQ:MBCN) Director William A. Et Al Valerian sold 923 shares of Middlefield Banc stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $49.50, for a total transaction of $45,688.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Middlefield Banc Corp (MBCN) traded up $0.55 during mid-day trading on Friday, reaching $49.90. 7,627 shares of the company’s stock traded hands, compared to its average volume of 3,184. The stock has a market cap of $160.08, a PE ratio of 15.92 and a beta of 0.17. Middlefield Banc Corp has a 1-year low of $39.20 and a 1-year high of $54.60. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.01 and a current ratio of 1.01.
A number of research analysts recently weighed in on MBCN shares. Boenning Scattergood set a $54.00 target price on shares of Middlefield Banc and gave the company a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research cut shares of Middlefield Banc from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 1st. ValuEngine cut shares of Middlefield Banc from a “buy” rating to a “hold” rating in a research note on Friday, December 22nd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $51.00 target price on shares of Middlefield Banc in a research note on Friday, December 22nd.
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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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