Somewhat Positive News Coverage Somewhat Unlikely to Impact Middlefield Banc (MBCN) Stock Price

News headlines about Middlefield Banc (NASDAQ:MBCN) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Middlefield Banc earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the bank an impact score of 43.4631895358237 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the headlines that may have impacted Accern’s rankings:

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MBCN stock opened at $49.80 on Friday. The firm has a market capitalization of $176.15, a PE ratio of 14.98 and a beta of 0.19. Middlefield Banc has a 1 year low of $42.10 and a 1 year high of $54.60. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.24.

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

The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were paid 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 2.25%. The ex-dividend date of this dividend was Tuesday, February 27th. Middlefield Banc’s dividend payout ratio (DPR) is 32.93%.

Several analysts have commented on the company. ValuEngine upgraded Middlefield Banc from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Boenning Scattergood reiterated a “buy” rating on shares of Middlefield Banc in a research note on Wednesday, January 31st. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $51.00 target price on shares of Middlefield Banc in a research note on Friday, December 22nd. Finally, Zacks Investment Research upgraded Middlefield Banc from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Wednesday, January 3rd.

In other news, Director William A. Et Al Valerian sold 1,858 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $50.42, for a total value of $93,680.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William A. Et Al Valerian sold 701 shares of the firm’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $49.12, for a total value of $34,433.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,850 shares of company stock worth $780,128. Company insiders own 8.41% of the company’s stock.

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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.

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

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