Middlefield Banc (MBCN) Earning Somewhat Positive Press Coverage, Analysis Finds
Media coverage about Middlefield Banc (NASDAQ:MBCN) has been trending somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Middlefield Banc earned a news impact score of 0.09 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 48.0268499644085 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Middlefield Banc (NASDAQ MBCN) traded up $0.45 during midday trading on Friday, reaching $49.40. The company’s stock had a trading volume of 1,210 shares, compared to its average volume of 5,660. The stock has a market capitalization of $157.36, a price-to-earnings ratio of 15.94 and a beta of 0.15. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.33. Middlefield Banc has a 52 week low of $38.62 and a 52 week high of $54.60.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Tuesday, November 28th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Monday, November 27th. Middlefield Banc’s payout ratio is 34.84%.
A number of analysts have issued reports on MBCN shares. Zacks Investment Research lowered Middlefield Banc from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 1st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $51.00 target price on shares of Middlefield Banc in a research report on Friday, December 22nd. ValuEngine lowered Middlefield Banc from a “buy” rating to a “hold” rating in a research report on Friday, December 22nd. Finally, Boenning Scattergood set a $54.00 target price on Middlefield Banc and gave the company a “buy” rating in a research report on Tuesday, October 31st.
About Middlefield Banc
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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