Zacks: Analysts Set $38.00 Target Price for Middlefield Banc Corp (NASDAQ:MBCN)
Middlefield Banc Corp (NASDAQ:MBCN) has earned an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokerages have set a 1 year consensus target price of $38.00 for the company, according to Zacks. Zacks has also given Middlefield Banc Corp an industry rank of 84 out of 265 based on the ratings given to its competitors.
Separately, Keefe, Bruyette & Woods boosted their price objective on shares of Middlefield Banc Corp from $37.00 to $38.00 and gave the stock a “market perform” rating in a research report on Monday, August 1st.
Shares of Middlefield Banc Corp (NASDAQ:MBCN) remained flat at $33.00 during midday trading on Monday. 185 shares of the stock traded hands. Middlefield Banc Corp has a 52 week low of $27.37 and a 52 week high of $34.75. The stock has a 50 day moving average price of $33.28 and a 200-day moving average price of $32.32. The firm has a market capitalization of $74.15 million, a price-to-earnings ratio of 9.15 and a beta of -0.03.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, September 2nd were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $1.08 dividend on an annualized basis and a yield of 3.27%.
Middlefield Banc Corp Company Profile
Middlefield Banc Corp. is a bank holding company. The Company’s subsidiaries include The Middlefield Banking Company (MBC) and EMORECO Inc MBC is engaged in the general commercial banking business in northeastern and central Ohio. MBC offers customers a range of banking services, including checking, savings, 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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