Middlefield Banc (NASDAQ:MBCN - Get Free Report) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.
Middlefield Banc Trading Down 1.6 %
Shares of Middlefield Banc stock traded down $0.45 during trading on Friday, reaching $27.16. 3,271 shares of the stock were exchanged, compared to its average volume of 10,281. The stock's fifty day moving average is $27.64 and its 200 day moving average is $24.66. The firm has a market cap of $219.18 million, a price-to-earnings ratio of 15.43 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.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its stake in shares of Middlefield Banc by 48.9% in the 1st quarter. BNP Paribas Financial Markets now owns 3,668 shares of the bank's stock valued at $88,000 after purchasing an additional 1,204 shares during the period. YHB Investment Advisors Inc. bought a new stake in shares of Middlefield Banc during the 3rd quarter valued at $225,000. Redmont Wealth Advisors LLC grew its position in shares of Middlefield Banc by 14.2% in the 1st quarter. Redmont Wealth Advisors LLC now owns 32,017 shares of the bank's stock worth $765,000 after buying an additional 3,989 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Middlefield Banc by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 386,196 shares of the bank's stock worth $9,222,000 after acquiring an additional 3,782 shares in the last quarter. 31.72% of the stock is currently owned by 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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