News stories about Middlefield Banc (NASDAQ:MBCN) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Middlefield Banc earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 43.5280673594645 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Middlefield Banc Corp (MBCN) Director Sells $34,433.12 in Stock (americanbankingnews.com)
- How Did Middlefield Banc Corp’s (NASDAQ:MBCN) 7.89% ROE Fare Against The Industry? (finance.yahoo.com)
- Brokerages Anticipate Middlefield Banc Corp (MBCN) to Post $0.96 Earnings Per Share (americanbankingnews.com)
- Middlefield Banc Corp (MBCN) Director William A. Et Al Valerian Sells 5,818 Shares (americanbankingnews.com)
Shares of Middlefield Banc (MBCN) traded down $0.15 during mid-day trading on Wednesday, hitting $48.60. 1,754 shares of the stock traded hands, compared to its average volume of 3,893. The stock has a market capitalization of $173.99, a P/E ratio of 15.68 and a beta of 0.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.01 and a current ratio of 1.01. Middlefield Banc has a 52 week low of $41.47 and a 52 week high of $54.60.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 2.30%. This is an increase from Middlefield Banc’s previous quarterly dividend of $0.27. Middlefield Banc’s dividend payout ratio is currently 34.84%.
Several research analysts have weighed in on MBCN shares. Zacks Investment Research upgraded shares of 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. ValuEngine upgraded shares of Middlefield Banc from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 target price on shares of Middlefield Banc in a report on Friday, December 22nd. Finally, Boenning Scattergood reiterated a “buy” rating on shares of Middlefield Banc in a report on Wednesday, January 31st.
In related news, Director William A. Et Al Valerian sold 1,858 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $50.42, for a total transaction of $93,680.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William A. Et Al Valerian sold 1,100 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $49.86, for a total transaction of $54,846.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,850 shares of company stock valued at $780,128. 8.41% of the stock is currently owned by corporate insiders.
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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