Free Trial

Keefe, Bruyette & Woods Reiterates Market Perform Rating for Middlefield Banc (NASDAQ:MBCN)

Middlefield Banc logo with Finance background

Middlefield Banc (NASDAQ:MBCN - Get Free Report)'s stock had its "market perform" rating reaffirmed by Keefe, Bruyette & Woods in a research note issued to investors on Thursday,Benzinga reports. They currently have a $33.00 price objective on the bank's stock, up from their prior price objective of $32.00. Keefe, Bruyette & Woods' price objective would suggest a potential upside of 5.94% from the stock's current price.

Separately, Wall Street Zen upgraded Middlefield Banc from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th.

View Our Latest Analysis on MBCN

Middlefield Banc Stock Up 1.7%

Shares of NASDAQ:MBCN traded up $0.52 on Thursday, hitting $31.15. 5,089 shares of the company traded hands, compared to its average volume of 9,696. Middlefield Banc has a 52 week low of $22.32 and a 52 week high of $34.00. The stock has a 50 day simple moving average of $29.82 and a 200-day simple moving average of $27.40. The company has a market cap of $251.69 million, a PE ratio of 13.73 and a beta of 0.41. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05.

Middlefield Banc (NASDAQ:MBCN - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The bank reported $0.76 EPS for the quarter, topping the consensus estimate of $0.57 by $0.19. Middlefield Banc had a return on equity of 8.59% and a net margin of 16.16%. The company had revenue of $20.52 million during the quarter, compared to the consensus estimate of $18.30 million. As a group, research analysts expect that Middlefield Banc will post 1.96 earnings per share for the current year.

Institutional Investors Weigh In On Middlefield Banc

A number of large investors have recently made changes to their positions in the company. Empowered Funds LLC grew its stake in shares of Middlefield Banc by 3.5% during the 1st quarter. Empowered Funds LLC now owns 17,863 shares of the bank's stock valued at $499,000 after purchasing an additional 598 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Middlefield Banc by 122.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,319 shares of the bank's stock valued at $37,000 after purchasing an additional 726 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Middlefield Banc by 5.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 21,437 shares of the bank's stock valued at $599,000 after buying an additional 1,164 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Middlefield Banc by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 80,885 shares of the bank's stock valued at $2,269,000 after buying an additional 1,224 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Middlefield Banc by 8.2% during the 4th quarter. Barclays PLC now owns 18,308 shares of the bank's stock valued at $514,000 after buying an additional 1,392 shares in the last quarter. 31.72% of the stock is currently owned by institutional investors.

About Middlefield Banc

(Get Free Report)

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.

Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Middlefield Banc Right Now?

Before you consider Middlefield Banc, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Middlefield Banc wasn't on the list.

While Middlefield Banc currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The 10 Best AI Stocks to Own in 2025 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 “Boring” Mega Cap Stocks to Turn Into Pure Profit
Joby vs. Archer: The $10 Billion eVTOL Battle
3 Small-Cap Biotech Stocks With Catalysts Too Big to Ignore

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines