Middlefield Banc Corp (NASDAQ:MBCN) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokers have set a twelve-month consensus target price of $58.00 for the company and are predicting that the company will post $0.96 EPS for the current quarter, according to Zacks. Zacks has also given Middlefield Banc an industry rank of 183 out of 265 based on the ratings given to related companies.
A number of equities research analysts have weighed in on MBCN shares. ValuEngine downgraded Middlefield Banc from a “buy” rating to a “hold” rating in a report on Friday, December 22nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $51.00 price objective on shares of Middlefield Banc in a report on Friday, December 22nd. Zacks Investment Research raised Middlefield Banc from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Wednesday, January 3rd. Finally, Boenning Scattergood reissued a “buy” rating on shares of Middlefield Banc in a report on Wednesday, January 31st.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Middlefield Banc by 1.1% in the 4th quarter. BlackRock Inc. now owns 114,747 shares of the bank’s stock worth $5,531,000 after acquiring an additional 1,243 shares in the last quarter. Carnegie Capital Asset Management LLC increased its position in Middlefield Banc by 4.4% in the 4th quarter. Carnegie Capital Asset Management LLC now owns 87,931 shares of the bank’s stock valued at $4,373,000 after buying an additional 3,700 shares in the last quarter. Kennedy Capital Management Inc. increased its position in Middlefield Banc by 240.8% in the 4th quarter. Kennedy Capital Management Inc. now owns 64,713 shares of the bank’s stock valued at $3,119,000 after buying an additional 45,722 shares in the last quarter. State Street Corp bought a new stake in Middlefield Banc in the 2nd quarter valued at about $1,336,000. Finally, Northern Trust Corp bought a new stake in Middlefield Banc in the 2nd quarter valued at about $1,262,000. 27.94% of the stock is owned by hedge funds and other institutional investors.
Shares of Middlefield Banc (MBCN) opened at $48.25 on Tuesday. The firm has a market capitalization of $173.80, a price-to-earnings ratio of 15.56 and a beta of 0.21. Middlefield Banc has a twelve month low of $41.25 and a twelve month high of $54.60. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.24.
Middlefield Banc (NASDAQ:MBCN) last issued its earnings results on Wednesday, January 24th. The bank reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.62. The firm had revenue of $10.72 million for the quarter, compared to the consensus estimate of $10.71 million. Middlefield Banc had a return on equity of 8.08% and a net margin of 19.35%. equities research analysts expect that Middlefield Banc will post 4.04 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be given a dividend of $0.28 per share. This is a positive change from Middlefield Banc’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Tuesday, February 27th. Middlefield Banc’s dividend payout ratio (DPR) is currently 34.84%.
Middlefield Banc Company Profile
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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