Keeler & Nadler Financial Planning & Wealth Management Acquires New Position in Middlefield Banc Corp. (NASDAQ:MBCN)

Keeler & Nadler Financial Planning & Wealth Management purchased a new stake in Middlefield Banc Corp. (NASDAQ:MBCN - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,058 shares of the bank's stock, valued at approximately $282,000. Keeler & Nadler Financial Planning & Wealth Management owned about 0.12% of Middlefield Banc as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Middlefield Banc by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 165,355 shares of the bank's stock worth $4,763,000 after buying an additional 1,368 shares during the period. State Street Corp raised its position in shares of Middlefield Banc by 0.9% during the third quarter. State Street Corp now owns 102,516 shares of the bank's stock worth $2,952,000 after acquiring an additional 963 shares during the last quarter. Barclays PLC lifted its stake in shares of Middlefield Banc by 69.2% in the third quarter. Barclays PLC now owns 16,916 shares of the bank's stock worth $487,000 after acquiring an additional 6,918 shares during the period. Empowered Funds LLC boosted its holdings in Middlefield Banc by 5.1% in the third quarter. Empowered Funds LLC now owns 16,536 shares of the bank's stock valued at $476,000 after acquiring an additional 804 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Middlefield Banc by 127.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 12,180 shares of the bank's stock valued at $351,000 after purchasing an additional 6,832 shares during the period. 31.72% of the stock is owned by institutional investors and hedge funds.

Middlefield Banc Stock Down 1.9 %

Middlefield Banc stock traded down $0.49 during midday trading on Thursday, hitting $25.54. 2,024 shares of the stock were exchanged, compared to its average volume of 9,658. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $206.13 million, a price-to-earnings ratio of 14.51 and a beta of 0.71. Middlefield Banc Corp. has a 52-week low of $20.61 and a 52-week high of $34.00. The business's 50-day moving average price is $29.59 and its 200-day moving average price is $27.63.

Middlefield Banc (NASDAQ:MBCN - Get Free Report) last released its earnings results on Thursday, October 17th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.18). Middlefield Banc had a net margin of 13.31% and a return on equity of 6.86%. The business had revenue of $16.82 million during the quarter, compared to the consensus estimate of $17.10 million. On average, research analysts expect that Middlefield Banc Corp. will post 1.79 EPS for the current fiscal year.

Middlefield Banc Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend was Friday, November 29th. Middlefield Banc's payout ratio is 45.45%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MBCN shares. Keefe, Bruyette & Woods upped their price objective on shares of Middlefield Banc from $30.00 to $32.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. StockNews.com upgraded shares of Middlefield Banc from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th.

Middlefield Banc 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 offers checking, savings, negotiable order of withdrawal accounts, money market accounts, time certificates of deposit, commercial loans, real estate loans, various consumer loans, safe deposit facilities, and travelers' checks.