JPMorgan Chase & Co. boosted its holdings in Middlefield Banc Corp. (NASDAQ:MBCN - Free Report) by 112.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,831 shares of the bank's stock after buying an additional 13,651 shares during the quarter. JPMorgan Chase & Co. owned 0.32% of Middlefield Banc worth $725,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of Middlefield Banc by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 165,355 shares of the bank's stock valued at $4,763,000 after buying an additional 1,368 shares during the period. Barclays PLC raised its holdings in shares of Middlefield Banc by 69.2% during 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 in the last quarter. Empowered Funds LLC boosted its position in Middlefield Banc by 4.4% during the fourth quarter. Empowered Funds LLC now owns 17,265 shares of the bank's stock valued at $484,000 after purchasing an additional 729 shares during the last quarter. Finally, State Street Corp boosted its position in Middlefield Banc by 0.9% during the third quarter. State Street Corp now owns 102,516 shares of the bank's stock valued at $2,952,000 after purchasing an additional 963 shares during the last quarter. Institutional investors own 31.72% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Hovde Group cut their price objective on shares of Middlefield Banc from $28.00 to $25.00 and set a "market perform" rating on the stock in a research report on Monday, January 27th. StockNews.com upgraded shares of Middlefield Banc from a "sell" rating to a "hold" rating in a report on Thursday, April 17th.
View Our Latest Stock Report on Middlefield Banc
Middlefield Banc Stock Up 2.3 %
MBCN stock opened at $26.26 on Wednesday. The business's 50-day simple moving average is $25.76 and its 200 day simple moving average is $27.48. 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 company has a market cap of $212.21 million, a PE ratio of 13.68 and a beta of 0.41. Middlefield Banc Corp. has a twelve month low of $20.61 and a twelve month high of $34.00.
Middlefield Banc (NASDAQ:MBCN - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The bank reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.12. Middlefield Banc had a net margin of 14.31% and a return on equity of 7.47%. The company had revenue of $18.04 million during the quarter, compared to the consensus estimate of $17.23 million. On average, research analysts anticipate that Middlefield Banc Corp. will post 1.96 earnings per share for the current year.
Middlefield Banc Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.21 dividend. This is an increase from Middlefield Banc's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Friday, February 28th. Middlefield Banc's payout ratio is presently 41.79%.
About Middlefield Banc
(
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.
Further Reading
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