Middlefield Banc Corp. (NASDAQ:MBCN - Get Free Report) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $26.04 and traded as low as $25.49. Middlefield Banc shares last traded at $25.65, with a volume of 6,923 shares trading hands.
Analyst Upgrades and Downgrades
A number of research firms recently commented on MBCN. Hovde Group reduced their target price on Middlefield Banc from $28.00 to $25.00 and set a "market perform" rating on the stock in a research note on Monday, January 27th. StockNews.com raised Middlefield Banc from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Finally, Keefe, Bruyette & Woods raised their price objective on Middlefield Banc from $30.00 to $32.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th.
Read Our Latest Stock Report on MBCN
Middlefield Banc Trading Up 0.1 %
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's fifty day moving average price is $26.00 and its two-hundred day moving average price is $28.01. The company has a market capitalization of $207.26 million, a PE ratio of 13.38 and a beta of 0.69.
Middlefield Banc (NASDAQ:MBCN - Get Free Report) last posted its earnings results on Thursday, January 23rd. The bank reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.14. Middlefield Banc had a net margin of 14.31% and a return on equity of 7.47%. Sell-side analysts anticipate that Middlefield Banc Corp. will post 1.96 earnings per share for the current year.
Middlefield Banc Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.21 per share. This is a positive change from Middlefield Banc's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, February 28th. Middlefield Banc's dividend payout ratio is currently 43.75%.
Institutional Trading of Middlefield Banc
A number of institutional investors have recently modified their holdings of MBCN. FMR LLC lifted its holdings in Middlefield Banc by 104.2% in the third quarter. FMR LLC now owns 1,117 shares of the bank's stock worth $32,000 after buying an additional 570 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Middlefield Banc by 122.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,319 shares of the bank's stock worth $37,000 after buying an additional 726 shares during the period. Empowered Funds LLC lifted its holdings in Middlefield Banc by 4.4% in the fourth quarter. Empowered Funds LLC now owns 17,265 shares of the bank's stock worth $484,000 after buying an additional 729 shares during the period. State Street Corp lifted its holdings in Middlefield Banc by 0.9% in the third quarter. State Street Corp now owns 102,516 shares of the bank's stock worth $2,952,000 after buying an additional 963 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Middlefield Banc by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 80,885 shares of the bank's stock worth $2,269,000 after buying an additional 1,224 shares during the period. 31.72% of the stock is currently owned by hedge funds and other institutional investors.
Middlefield Banc Company Profile
(
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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.
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