Somewhat Positive Press Coverage Somewhat Unlikely to Impact Middlefield Banc (MBCN) Share Price

News coverage about Middlefield Banc (NASDAQ:MBCN) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded 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 0.09 on Accern’s scale. Accern also gave headlines about the bank an impact score of 48.0684445820829 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.

MBCN has been the subject of a number of research reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $51.00 price target on shares of Middlefield Banc in a report on Friday, December 22nd. ValuEngine downgraded Middlefield Banc from a “buy” rating to a “hold” rating in a report on Friday, December 22nd. Zacks Investment Research raised Middlefield Banc from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Wednesday, January 3rd. Finally, Boenning Scattergood set a $54.00 price target on Middlefield Banc and gave the company a “buy” rating in a report on Tuesday, October 31st.

Shares of Middlefield Banc (NASDAQ MBCN) traded down $0.68 during mid-day trading on Tuesday, hitting $49.27. The stock had a trading volume of 1,200 shares, compared to its average volume of 2,579. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.33. The firm has a market cap of $160.58, a P/E ratio of 15.89 and a beta of 0.15. Middlefield Banc has a twelve month low of $39.00 and a twelve month high of $54.60.

Middlefield Banc (NASDAQ:MBCN) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $0.76 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.05). Middlefield Banc had a return on equity of 8.48% and a net margin of 19.36%. research analysts forecast that Middlefield Banc will post 2.38 EPS for the current year.

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About Middlefield Banc

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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