Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Middlefield Banc Corp. (MBCN) Share Price
News stories about Middlefield Banc Corp. (NASDAQ:MBCN) have trended somewhat positive this week, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Middlefield Banc Corp. earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 48.3541889457159 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Middlefield Banc Corp. (NASDAQ:MBCN) traded down 0.97% on Friday, hitting $46.10. The stock had a trading volume of 2,743 shares. The stock has a market cap of $148.03 million, a PE ratio of 15.52 and a beta of 0.17. Middlefield Banc Corp. has a 12 month low of $33.01 and a 12 month high of $54.60. The company has a 50 day moving average price of $44.29 and a 200-day moving average price of $46.87.
Middlefield Banc Corp. (NASDAQ:MBCN) last announced its earnings results on Wednesday, July 26th. The bank reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). The business had revenue of $10.27 million for the quarter. Middlefield Banc Corp. had a net margin of 18.69% and a return on equity of 8.19%. On average, equities research analysts anticipate that Middlefield Banc Corp. will post $3.31 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Wednesday, August 30th. Middlefield Banc Corp.’s dividend payout ratio is 36.73%.
A number of brokerages have recently issued reports on MBCN. Boenning Scattergood began coverage on Middlefield Banc Corp. in a research note on Tuesday, August 15th. They set an “outperform” rating on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $47.00 price objective on shares of Middlefield Banc Corp. in a research note on Thursday, July 27th.
In other Middlefield Banc Corp. news, Director Darryl E. Mast bought 2,400 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were purchased at an average cost of $45.42 per share, for a total transaction of $109,008.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 8.41% of the stock is currently owned by corporate insiders.
About Middlefield Banc Corp.
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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