Middlefield Banc Corp. (MBCN) To Go Ex-Dividend on February 17th

Middlefield Banc Corp. (NASDAQ:MBCN) declared a quarterly dividend on Monday, February 9th. Stockholders of record on Tuesday, February 17th will be paid a dividend of 0.21 per share by the bank on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, February 17th.

Middlefield Banc has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Middlefield Banc has a dividend payout ratio of 38.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Middlefield Banc to earn $2.12 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 39.6%.

Middlefield Banc Trading Up 0.9%

MBCN opened at $35.04 on Friday. The firm’s 50 day moving average is $35.04 and its 200-day moving average is $32.48. Middlefield Banc has a 52-week low of $22.74 and a 52-week high of $37.67. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $283.47 million, a P/E ratio of 14.66 and a beta of 0.38.

Middlefield Banc (NASDAQ:MBCN) last issued its quarterly earnings data on Tuesday, February 10th. The bank reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.27). Middlefield Banc had a net margin of 16.65% and a return on equity of 8.91%. The business had revenue of $19.34 million for the quarter, compared to analyst estimates of $19.97 million. Analysts expect that Middlefield Banc will post 1.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its holdings in Middlefield Banc by 102.1% in the third quarter. BNP Paribas Financial Markets now owns 1,512 shares of the bank’s stock worth $45,000 after acquiring an additional 764 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its stake in Middlefield Banc by 107.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 2,047 shares of the bank’s stock valued at $62,000 after buying an additional 1,059 shares during the last quarter. Longfellow Investment Management Co. LLC bought a new stake in Middlefield Banc in the fourth quarter valued at $76,000. Tower Research Capital LLC TRC grew its position in shares of Middlefield Banc by 650.4% during the second quarter. Tower Research Capital LLC TRC now owns 2,769 shares of the bank’s stock worth $83,000 after acquiring an additional 2,400 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Middlefield Banc by 21.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,504 shares of the bank’s stock worth $225,000 after acquiring an additional 1,313 shares during the period. 31.72% of the stock is owned by institutional investors and hedge funds.

About Middlefield Banc

Middlefield Banc is a bank holding company headquartered in Middlefield, Ohio, operating through its subsidiary, Middlefield Banking Company. The firm offers a suite of deposit products, including checking, savings, money market accounts and certificates of deposit, alongside comprehensive cash management solutions designed for both individual consumers and businesses.

On the lending side, Middlefield Banc specializes in commercial and residential real estate loans, consumer installment loans and lines of credit.