Middlefield Banc Corp. (NASDAQ:MBCN - Get Free Report) EVP Thomas M. Wilson acquired 1,000 shares of the firm's stock in a transaction dated Thursday, May 9th. The stock was bought at an average cost of $22.38 per share, for a total transaction of $22,380.00. Following the purchase, the executive vice president now directly owns 11,498 shares of the company's stock, valued at $257,325.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Middlefield Banc Stock Performance
Shares of NASDAQ:MBCN traded down $0.58 during trading on Friday, hitting $21.82. The stock had a trading volume of 7,026 shares, compared to its average volume of 9,893. The stock has a 50-day simple moving average of $23.21 and a two-hundred day simple moving average of $26.73. The stock has a market capitalization of $176.07 million, a price-to-earnings ratio of 10.93 and a beta of 0.65. Middlefield Banc Corp. has a 12-month low of $21.36 and a 12-month high of $37.00. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.06.
Middlefield Banc (NASDAQ:MBCN - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The bank reported $0.51 EPS for the quarter, beating the consensus estimate of $0.42 by $0.09. Middlefield Banc had a net margin of 16.41% and a return on equity of 8.33%. The business had revenue of $26.41 million during the quarter, compared to analysts' expectations of $17.10 million. On average, equities research analysts expect that Middlefield Banc Corp. will post 1.75 earnings per share for the current fiscal year.
Middlefield Banc Announces Dividend
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The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.67%. Middlefield Banc's payout ratio is currently 39.02%.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on MBCN shares. Hovde Group decreased their target price on shares of Middlefield Banc from $25.00 to $23.00 and set a "market perform" rating on the stock in a research note on Wednesday, May 1st. StockNews.com raised Middlefield Banc from a "sell" rating to a "hold" rating in a research note on Wednesday, May 1st. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $25.00 target price (down from $30.00) on shares of Middlefield Banc in a research note on Thursday, May 2nd.
Get Our Latest Stock Report on MBCN
Institutional Trading of Middlefield Banc
A number of hedge funds have recently modified their holdings of MBCN. BNP Paribas Financial Markets lifted its holdings in Middlefield Banc by 48.9% in the first quarter. BNP Paribas Financial Markets now owns 3,668 shares of the bank's stock valued at $88,000 after acquiring an additional 1,204 shares during the period. SG Americas Securities LLC acquired a new stake in Middlefield Banc during the third quarter valued at $116,000. Virtu Financial LLC purchased a new position in Middlefield Banc in the fourth quarter valued at $273,000. Cerity Partners LLC purchased a new position in Middlefield Banc in the fourth quarter valued at $290,000. Finally, Redmont Wealth Advisors LLC raised its position in shares of Middlefield Banc by 14.2% in the first quarter. Redmont Wealth Advisors LLC now owns 32,017 shares of the bank's stock worth $765,000 after acquiring an additional 3,989 shares during the period. Hedge funds and other institutional investors own 31.72% of the company's stock.
About Middlefield Banc
(
Get Free Report)
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 offers checking, savings, negotiable order of withdrawal accounts, 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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