Middlefield Banc Corp (NASDAQ:MBCN) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokers have set a 1 year consensus target price of $54.00 for the company and are expecting that the company will post $1.04 EPS for the current quarter, according to Zacks. Zacks has also assigned Middlefield Banc an industry rank of 206 out of 255 based on the ratings given to its competitors.

Several equities analysts recently issued reports on the company. Zacks Investment Research cut Middlefield Banc from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 21st. ValuEngine lowered Middlefield Banc from a “hold” rating to a “sell” rating in a research note on Wednesday, January 30th. Finally, Boenning Scattergood reissued a “buy” rating on shares of Middlefield Banc in a research note on Friday, January 18th.

A number of large investors have recently added to or reduced their stakes in MBCN. Dimensional Fund Advisors LP lifted its stake in Middlefield Banc by 15.9% in the third quarter. Dimensional Fund Advisors LP now owns 28,186 shares of the bank’s stock valued at $1,328,000 after buying an additional 3,862 shares during the period. Renaissance Technologies LLC lifted its stake in Middlefield Banc by 9.4% in the third quarter. Renaissance Technologies LLC now owns 22,953 shares of the bank’s stock valued at $1,081,000 after buying an additional 1,981 shares during the period. Carnegie Capital Asset Management LLC lifted its stake in Middlefield Banc by 17.9% in the third quarter. Carnegie Capital Asset Management LLC now owns 117,981 shares of the bank’s stock valued at $5,354,000 after buying an additional 17,925 shares during the period. Siena Capital Partners GP LLC lifted its stake in Middlefield Banc by 15.7% in the fourth quarter. Siena Capital Partners GP LLC now owns 99,174 shares of the bank’s stock valued at $4,208,000 after buying an additional 13,426 shares during the period. Finally, BlackRock Inc. lifted its stake in Middlefield Banc by 4.1% in the fourth quarter. BlackRock Inc. now owns 145,191 shares of the bank’s stock valued at $6,159,000 after buying an additional 5,659 shares during the period. 31.87% of the stock is currently owned by hedge funds and other institutional investors.

Middlefield Banc stock traded up $0.44 during mid-day trading on Friday, hitting $40.88. The stock had a trading volume of 2,586 shares, compared to its average volume of 2,354. The stock has a market cap of $132.34 million, a price-to-earnings ratio of 10.67 and a beta of 0.25. Middlefield Banc has a 12 month low of $38.50 and a 12 month high of $54.42. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.07.

Middlefield Banc (NASDAQ:MBCN) last posted its quarterly earnings results on Thursday, January 17th. The bank reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.06. The business had revenue of $11.44 million for the quarter, compared to analysts’ expectations of $11.34 million. Middlefield Banc had a return on equity of 10.04% and a net margin of 22.99%. As a group, sell-side analysts expect that Middlefield Banc will post 4.24 EPS for the current year.

About Middlefield Banc

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.

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