Shares of Middlefield Banc Corp. (NASDAQ:MBCN - Get Free Report) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $27.19 and traded as low as $26.24. Middlefield Banc shares last traded at $26.24, with a volume of 4,430 shares traded.
Several brokerages have commented on MBCN. Keefe, Bruyette & Woods lifted their price objective on shares of Middlefield Banc from $30.00 to $32.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. StockNews.com upgraded shares of Middlefield Banc from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Finally, Hovde Group decreased their price objective on shares of Middlefield Banc from $28.00 to $25.00 and set a "market perform" rating for the company in a research note on Monday, January 27th.
Read Our Latest Stock Analysis on Middlefield Banc
The stock's fifty day moving average is $27.19 and its 200-day moving average is $27.84. The stock has a market capitalization of $211.76 million, a PE ratio of 13.67 and a beta of 0.70. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.97 and a quick ratio of 0.97.
Middlefield Banc (NASDAQ:MBCN - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.14. Middlefield Banc had a net margin of 14.31% and a return on equity of 7.47%. As a group, equities analysts predict that Middlefield Banc Corp. will post 1.96 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, February 28th. This is a boost from Middlefield Banc's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 3.20%. Middlefield Banc's dividend payout ratio is currently 41.67%.
A number of large investors have recently added to or reduced their stakes in MBCN. FMR LLC raised its position in Middlefield Banc by 104.2% during the third quarter. FMR LLC now owns 1,117 shares of the bank's stock worth $32,000 after acquiring an additional 570 shares during the period. Tower Research Capital LLC TRC raised its position in Middlefield Banc by 122.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,319 shares of the bank's stock worth $37,000 after acquiring an additional 726 shares during the period. YHB Investment Advisors Inc. acquired a new stake in shares of Middlefield Banc in the third quarter valued at about $225,000. Bank of America Corp DE raised its position in shares of Middlefield Banc by 29.4% in the fourth quarter. Bank of America Corp DE now owns 10,174 shares of the bank's stock valued at $285,000 after buying an additional 2,310 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Middlefield Banc by 127.7% in the third quarter. JPMorgan Chase & Co. now owns 12,180 shares of the bank's stock valued at $351,000 after buying an additional 6,832 shares during the last quarter. 31.72% of the stock is currently owned by institutional investors and hedge funds.
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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