Shares of Middlefield Banc Corp (NASDAQ:MBCN) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Analysts have set a 12 month consensus price target of $51.50 for the company and are expecting that the company will post $0.98 EPS for the current quarter, according to Zacks. Zacks has also given Middlefield Banc an industry rank of 169 out of 256 based on the ratings given to related companies.

Several analysts have recently issued reports on the stock. Boenning Scattergood set a $54.00 target price on shares of Middlefield Banc and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. ValuEngine upgraded shares of Middlefield Banc from a “sell” rating to a “hold” rating in a research note on Friday, July 19th. Finally, Zacks Investment Research lowered shares of Middlefield Banc from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 24th.

Shares of NASDAQ MBCN traded up $0.50 during trading on Friday, hitting $46.80. The stock had a trading volume of 1,600 shares, compared to its average volume of 6,890. Middlefield Banc has a 12 month low of $38.50 and a 12 month high of $50.85. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $150.14 million, a PE ratio of 12.22 and a beta of 0.28. The firm has a fifty day moving average of $42.42 and a two-hundred day moving average of $41.39.

Middlefield Banc (NASDAQ:MBCN) last posted its earnings results on Friday, July 19th. The bank reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.05. Middlefield Banc had a net margin of 22.52% and a return on equity of 10.05%. The firm had revenue of $11.57 million during the quarter, compared to analyst estimates of $11.47 million. On average, equities analysts expect that Middlefield Banc will post 3.84 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a $0.28 dividend. The ex-dividend date is Thursday, August 29th. This represents a $1.12 annualized dividend and a dividend yield of 2.39%. Middlefield Banc’s payout ratio is 29.24%.

In related news, insider Thomas G. Caldwell purchased 1,000 shares of Middlefield Banc stock in a transaction that occurred on Tuesday, May 21st. The stock was bought at an average price of $39.50 per share, for a total transaction of $39,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.88% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its position in Middlefield Banc by 4.1% during the fourth quarter. BlackRock Inc. now owns 145,191 shares of the bank’s stock valued at $6,159,000 after buying an additional 5,659 shares during the period. Ancora Advisors LLC grew its position in Middlefield Banc by 30.8% during the second quarter. Ancora Advisors LLC now owns 137,436 shares of the bank’s stock valued at $5,635,000 after buying an additional 32,355 shares during the period. Renaissance Technologies LLC grew its position in Middlefield Banc by 90.3% during the second quarter. Renaissance Technologies LLC now owns 44,827 shares of the bank’s stock valued at $1,838,000 after buying an additional 21,272 shares during the period. Dimensional Fund Advisors LP grew its position in Middlefield Banc by 14.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 32,215 shares of the bank’s stock valued at $1,367,000 after buying an additional 4,029 shares during the period. Finally, Geode Capital Management LLC grew its position in Middlefield Banc by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 24,260 shares of the bank’s stock valued at $1,029,000 after buying an additional 1,441 shares during the period. Institutional investors own 31.31% of the company’s stock.

About Middlefield Banc

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 accepts checking, savings, negotiable order of withdrawal, and money market accounts, as well as time certificates of deposit and IRA accounts.

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