StockNews.com lowered shares of Middlefield Banc (NASDAQ:MBCN - Free Report) from a hold rating to a sell rating in a report released on Sunday morning.
Middlefield Banc Trading Up 2.0 %
Shares of NASDAQ:MBCN traded up $0.57 during midday trading on Friday, reaching $28.81. The company's stock had a trading volume of 7,037 shares, compared to its average volume of 9,747. The firm has a market cap of $232.50 million, a price-to-earnings ratio of 16.37 and a beta of 0.69. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.06. Middlefield Banc has a 1 year low of $20.61 and a 1 year high of $37.00. The business has a 50 day moving average price of $27.96 and a 200 day moving average price of $24.86.
Middlefield Banc (NASDAQ:MBCN - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.18). Middlefield Banc had a net margin of 13.31% and a return on equity of 6.90%. The business had revenue of $16.82 million during the quarter, compared to analysts' expectations of $17.10 million. Research analysts forecast that Middlefield Banc will post 1.79 EPS for the current year.
Middlefield Banc Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Friday, August 30th. Middlefield Banc's dividend payout ratio (DPR) is presently 45.45%.
Institutional Investors Weigh In On Middlefield Banc
A number of institutional investors have recently added to or reduced their stakes in MBCN. YHB Investment Advisors Inc. purchased a new stake in Middlefield Banc during the third quarter valued at about $225,000. Vanguard Group Inc. grew its position in Middlefield Banc by 1.0% during the first quarter. Vanguard Group Inc. now owns 386,196 shares of the bank's stock valued at $9,222,000 after acquiring an additional 3,782 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Middlefield Banc by 48.9% during the first quarter. BNP Paribas Financial Markets now owns 3,668 shares of the bank's stock valued at $88,000 after acquiring an additional 1,204 shares during the period. Hedge funds and other institutional investors own 31.72% of the company's stock.
About Middlefield Banc
(
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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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