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

Brokers have set a 12-month consensus price target of $54.00 for the company and are predicting that the company will post $1.04 EPS for the current quarter, according to Zacks. Zacks has also given Middlefield Banc an industry rank of 138 out of 255 based on the ratings given to its competitors.

A number of research analysts recently weighed in on MBCN shares. Boenning Scattergood reaffirmed a “buy” rating on shares of Middlefield Banc in a research note on Friday, January 18th. ValuEngine raised Middlefield Banc from a “sell” rating to a “hold” rating in a report on Friday, January 4th. Finally, Zacks Investment Research lowered Middlefield Banc from a “buy” rating to a “hold” rating in a report on Wednesday, December 19th.

MBCN stock opened at $42.00 on Thursday. Middlefield Banc has a fifty-two week low of $38.50 and a fifty-two week high of $54.90. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $152.59 million, a P/E ratio of 10.97 and a beta of 0.26.

Middlefield Banc (NASDAQ:MBCN) last posted its quarterly earnings results on Thursday, January 17th. The bank reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.06. Middlefield Banc had a return on equity of 10.04% and a net margin of 22.99%. The business had revenue of $11.44 million for the quarter, compared to the consensus estimate of $11.34 million. On average, equities research analysts forecast that Middlefield Banc will post 4.24 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Thursday, February 28th. Middlefield Banc’s dividend payout ratio is currently 29.24%.

A number of institutional investors and hedge funds have recently modified their holdings of MBCN. Bank of America Corp DE increased its holdings in Middlefield Banc by 45.3% during the 4th quarter. Bank of America Corp DE now owns 2,528 shares of the bank’s stock worth $108,000 after purchasing an additional 788 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in Middlefield Banc during the 3rd quarter worth approximately $125,000. Geode Capital Management LLC increased its holdings in Middlefield Banc by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 24,260 shares of the bank’s stock worth $1,029,000 after purchasing an additional 1,441 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Middlefield Banc by 9.4% during the 3rd quarter. Renaissance Technologies LLC now owns 22,953 shares of the bank’s stock worth $1,081,000 after purchasing an additional 1,981 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Middlefield Banc by 15.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 28,186 shares of the bank’s stock worth $1,328,000 after purchasing an additional 3,862 shares in the last quarter. 32.06% of the stock is owned by hedge funds and other institutional investors.

Middlefield Banc Company Profile

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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