Middlefield Banc (MBCN) Receiving Somewhat Favorable News Coverage, Analysis Finds

Headlines about Middlefield Banc (NASDAQ:MBCN) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Middlefield Banc earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 43.5280673594645 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Several analysts have recently issued reports on MBCN shares. Zacks Investment Research upgraded shares of Middlefield Banc from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Wednesday, January 3rd. ValuEngine upgraded shares of Middlefield Banc from a “hold” rating to a “buy” rating in a research note 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 research note on Friday, December 22nd. Finally, Boenning Scattergood reiterated a “buy” rating on shares of Middlefield Banc in a research note on Wednesday, January 31st.

Middlefield Banc stock opened at $49.95 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.24. The firm has a market cap of $179.57, a PE ratio of 15.97 and a beta of 0.21. Middlefield Banc has a fifty-two week low of $42.10 and a fifty-two week high of $54.60.

Middlefield Banc (NASDAQ:MBCN) last issued its quarterly earnings results on Wednesday, January 24th. The bank reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.62. The company had revenue of $10.72 million for the quarter, compared to the consensus estimate of $10.71 million. Middlefield Banc had a net margin of 19.35% and a return on equity of 8.08%. analysts predict that Middlefield Banc will post 4.04 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were issued a $0.28 dividend. This is an increase from Middlefield Banc’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date was Tuesday, February 27th. Middlefield Banc’s payout ratio is 34.84%.

In other Middlefield Banc news, Director William A. Et Al Valerian sold 5,818 shares of the company’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $49.07, for a total transaction of $285,489.26. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William A. Et Al Valerian sold 1,100 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were 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. Insiders sold a total of 15,850 shares of company stock worth $780,128 over the last three months. 8.41% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for Middlefield Banc (NASDAQ:MBCN)

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