Shares of Middlefield Banc Corp. (NASDAQ:MBCN - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $27.26 and traded as high as $31.21. Middlefield Banc shares last traded at $30.94, with a volume of 4,466 shares trading hands.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on MBCN shares. Keefe, Bruyette & Woods lifted their price target on Middlefield Banc from $30.00 to $32.00 and gave the company a "market perform" rating in a research note on Friday. Wall Street Zen raised Middlefield Banc from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th.
Check Out Our Latest Stock Report on Middlefield Banc
Middlefield Banc Price Performance
The stock has a market capitalization of $243.89 million, a price-to-earnings ratio of 15.02 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. The company has a 50 day moving average of $29.63 and a 200 day moving average of $27.28.
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 return on equity of 7.69% and a net margin of 14.78%. The company had revenue of $18.04 million for the quarter, compared to the consensus estimate of $17.23 million. As a group, equities research analysts forecast that Middlefield Banc Corp. will post 1.96 EPS for the current fiscal year.
Middlefield Banc Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.84 annualized dividend and a yield of 2.78%. Middlefield Banc's dividend payout ratio is presently 41.79%.
Institutional Investors Weigh In On Middlefield Banc
Several hedge funds and other institutional investors have recently bought and sold shares of MBCN. JPMorgan Chase & Co. increased its holdings in Middlefield Banc by 112.1% during the 4th quarter. JPMorgan Chase & Co. now owns 25,831 shares of the bank's stock worth $725,000 after purchasing an additional 13,651 shares during the last quarter. Huntington National Bank grew its position in shares of Middlefield Banc by 10.1% in the 4th quarter. Huntington National Bank now owns 38,290 shares of the bank's stock worth $1,074,000 after acquiring an additional 3,508 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Middlefield Banc by 11.2% in the 4th quarter. Wells Fargo & Company MN now owns 15,220 shares of the bank's stock worth $427,000 after acquiring an additional 1,536 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. grew its position in shares of Middlefield Banc by 1,250.6% in the 4th quarter. Elizabeth Park Capital Advisors Ltd. now owns 19,462 shares of the bank's stock worth $546,000 after acquiring an additional 18,021 shares in the last quarter. Finally, Barclays PLC grew its position in shares of Middlefield Banc by 8.2% in the 4th quarter. Barclays PLC now owns 18,308 shares of the bank's stock worth $514,000 after acquiring an additional 1,392 shares in the last quarter. 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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