Middlefield Banc Corp. (NASDAQ:MBCN – Get Free Report) declared a quarterly dividend on Wednesday, May 15th, Wall Street Journal reports. Stockholders of record on Friday, May 31st will be paid a dividend of 0.20 per share by the bank on Friday, June 14th. This represents a $0.80 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Friday, May 31st.
Middlefield Banc has raised its dividend by an average of 10.1% annually over the last three years and has increased its dividend annually for the last 6 consecutive years.
Middlefield Banc Price Performance
Shares of MBCN traded up $0.41 during midday trading on Wednesday, hitting $23.32. The company’s stock had a trading volume of 4,249 shares, compared to its average volume of 9,860. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.06. Middlefield Banc has a one year low of $21.36 and a one year high of $37.00. The stock has a market capitalization of $188.19 million, a price-to-earnings ratio of 11.18 and a beta of 0.65. The company’s fifty day simple moving average is $23.13 and its two-hundred day simple moving average is $26.69.
Analysts Set New Price Targets
A number of brokerages have issued reports on MBCN. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $25.00 target price (down previously from $30.00) on shares of Middlefield Banc in a report on Thursday, May 2nd. StockNews.com upgraded shares of Middlefield Banc from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Hovde Group cut their price target on shares of Middlefield Banc from $25.00 to $23.00 and set a “market perform” rating on the stock in a report on Wednesday, May 1st.
Get Our Latest Research Report on MBCN
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 offers checking, savings, negotiable order of withdrawal accounts, 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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