Middlefield Banc (NASDAQ:MBCN) issued its quarterly earnings data on Thursday. The bank reported $0.80 EPS for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.08), Bloomberg Earnings reports. Middlefield Banc had a net margin of 19.35% and a return on equity of 8.08%.
Shares of Middlefield Banc stock remained flat at $$53.00 during mid-day trading on Friday. 800 shares of the company’s stock traded hands, compared to its average volume of 5,111. Middlefield Banc has a one year low of $42.10 and a one year high of $54.90. The firm has a market cap of $171.30, a PE ratio of 16.16 and a beta of 0.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.01 and a quick ratio of 1.01.
In other Middlefield Banc news, Director Kenneth E. Jones sold 2,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $48.08, for a total transaction of $96,160.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William A. Et Al Valerian sold 1,858 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $50.42, for a total transaction of $93,680.36. The disclosure for this sale can be found here. Insiders have sold a total of 15,850 shares of company stock worth $780,128 over the last ninety days. 6.97% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company acquired a new stake in shares of Middlefield Banc during the 2nd quarter worth about $145,000. California State Teachers Retirement System acquired a new stake in shares of Middlefield Banc during the 2nd quarter worth about $232,000. Vanguard Group Inc. acquired a new stake in shares of Middlefield Banc during the 2nd quarter worth about $399,000. Finally, State Street Corp acquired a new stake in shares of Middlefield Banc during the 2nd quarter worth about $1,336,000. 27.85% of the stock is currently owned by institutional investors.
A number of equities research analysts recently commented on the stock. ValuEngine raised shares of Middlefield Banc from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Boenning Scattergood reissued a “buy” rating on shares of Middlefield Banc in a research note on Wednesday, January 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $51.00 price target on shares of Middlefield Banc in a research note on Friday, December 22nd. Finally, Zacks Investment Research raised shares of Middlefield Banc from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Wednesday, January 3rd.
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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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