Shares of Middlefield Banc Corp (NASDAQ:MBCN) have been assigned an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating.

Brokerages have set a 1 year consensus price objective of $20.00 for the company and are anticipating that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also assigned Middlefield Banc an industry rank of 219 out of 254 based on the ratings given to related companies.

A number of equities analysts have recently commented on MBCN shares. Boenning Scattergood lowered Middlefield Banc from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 28th. ValuEngine upgraded Middlefield Banc from a “sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Zacks Investment Research lowered Middlefield Banc from a “hold” rating to a “sell” rating in a research note on Wednesday, April 22nd.

NASDAQ MBCN opened at $18.40 on Friday. Middlefield Banc has a fifty-two week low of $12.00 and a fifty-two week high of $28.80. The stock’s 50-day moving average is $17.24 and its two-hundred day moving average is $23.40. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $114.65 million, a P/E ratio of 11.08 and a beta of 0.76.

Middlefield Banc (NASDAQ:MBCN) last posted its earnings results on Monday, April 27th. The bank reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.22. Middlefield Banc had a return on equity of 7.95% and a net margin of 18.26%. The company had revenue of $11.11 million for the quarter, compared to analyst estimates of $11.41 million. On average, equities analysts expect that Middlefield Banc will post 1.04 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Thursday, June 4th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Wednesday, June 3rd. Middlefield Banc’s dividend payout ratio (DPR) is presently 30.77%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its holdings in Middlefield Banc by 60.0% during the first quarter. Tower Research Capital LLC TRC now owns 1,549 shares of the bank’s stock valued at $25,000 after purchasing an additional 581 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Middlefield Banc by 2.8% in the 1st quarter. Wells Fargo & Company MN now owns 23,415 shares of the bank’s stock worth $371,000 after acquiring an additional 640 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Middlefield Banc by 47.6% in the 1st quarter. Alliancebernstein L.P. now owns 49,490 shares of the bank’s stock worth $782,000 after acquiring an additional 15,964 shares in the last quarter. UBS Group AG boosted its holdings in shares of Middlefield Banc by 491.7% in the 1st quarter. UBS Group AG now owns 4,266 shares of the bank’s stock worth $67,000 after acquiring an additional 3,545 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Middlefield Banc by 100.0% in the 4th quarter. Geode Capital Management LLC now owns 44,171 shares of the bank’s stock worth $1,152,000 after acquiring an additional 22,086 shares in the last quarter. 27.33% of the stock is currently owned by 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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