Shares of Middlefield Banc Corp (NASDAQ:MBCN) have received a consensus 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 recommendation.
Brokerages have set a 1 year consensus target price of $57.00 for the company and are predicting that the company will post $0.99 EPS for the current quarter, according to Zacks. Zacks has also given Middlefield Banc an industry rank of 161 out of 256 based on the ratings given to its competitors.
Several research analysts have issued reports on MBCN shares. ValuEngine raised Middlefield Banc from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. Zacks Investment Research cut Middlefield Banc from a “buy” rating to a “hold” rating in a research report on Wednesday, December 19th. Finally, Boenning Scattergood set a $57.00 target price on Middlefield Banc and gave the stock a “buy” rating in a research report on Thursday, October 18th.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Middlefield Banc by 21.9% during the 2nd quarter. BlackRock Inc. now owns 138,467 shares of the bank’s stock valued at $7,021,000 after buying an additional 24,901 shares in the last quarter. Carnegie Capital Asset Management LLC lifted its position in shares of Middlefield Banc by 17.9% during the 3rd quarter. Carnegie Capital Asset Management LLC now owns 117,981 shares of the bank’s stock valued at $5,354,000 after buying an additional 17,925 shares in the last quarter. Ancora Advisors LLC lifted its position in shares of Middlefield Banc by 54.5% during the 3rd quarter. Ancora Advisors LLC now owns 101,243 shares of the bank’s stock valued at $4,769,000 after buying an additional 35,725 shares in the last quarter. Northern Trust Corp lifted its position in shares of Middlefield Banc by 21.2% during the 2nd quarter. Northern Trust Corp now owns 31,711 shares of the bank’s stock valued at $1,608,000 after buying an additional 5,539 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Middlefield Banc by 15.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 28,186 shares of the bank’s stock valued at $1,328,000 after buying an additional 3,862 shares in the last quarter. 32.12% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ MBCN traded down $0.90 during trading hours on Friday, hitting $42.53. The company’s stock had a trading volume of 1 shares, compared to its average volume of 3,093. Middlefield Banc has a 12 month low of $38.50 and a 12 month high of $54.90. The company has a market capitalization of $143.56 million, a price-to-earnings ratio of 13.24 and a beta of 0.30. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.99 and a current ratio of 0.99.
Middlefield Banc (NASDAQ:MBCN) last released its quarterly earnings data on Wednesday, October 17th. The bank reported $1.02 EPS for the quarter, topping the consensus estimate of $0.97 by $0.05. Middlefield Banc had a return on equity of 9.14% and a net margin of 21.86%. The company had revenue of $11.20 million during the quarter, compared to the consensus estimate of $11.14 million. On average, equities analysts predict that Middlefield Banc will post 3.76 earnings per share for the current fiscal year.
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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