Somewhat Favorable News Coverage Somewhat Unlikely to Affect Middlefield Banc Corp. (MBCN) Share Price
Media headlines about Middlefield Banc Corp. (NASDAQ:MBCN) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Middlefield Banc Corp. earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the bank an impact score of 45.9982250922792 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of research analysts recently commented on MBCN shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $47.00 price target on shares of Middlefield Banc Corp. in a research report on Thursday, July 27th. Boenning Scattergood restated an “outperform” rating and issued a $54.00 price target on shares of Middlefield Banc Corp. in a research report on Monday, August 14th.
Shares of Middlefield Banc Corp. (MBCN) traded down 0.11% on Thursday, hitting $46.10. The company had a trading volume of 947 shares. Middlefield Banc Corp. has a 1-year low of $32.87 and a 1-year high of $54.60. The company has a 50 day moving average price of $45.15 and a 200 day moving average price of $46.66. The firm has a market capitalization of $148.03 million, a price-to-earnings ratio of 15.52 and a beta of 0.17.
Middlefield Banc Corp. (NASDAQ:MBCN) last released its quarterly earnings data on Wednesday, July 26th. The bank reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by $0.02. Middlefield Banc Corp. had a net margin of 18.69% and a return on equity of 8.19%. The company had revenue of $10.27 million for the quarter. On average, equities analysts forecast that Middlefield Banc Corp. will post $3.31 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.27 per share. The ex-dividend date is Wednesday, August 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.34%. Middlefield Banc Corp.’s payout ratio is 36.73%.
In related news, Director Darryl E. Mast acquired 2,400 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were bought at an average cost of $45.42 per share, for a total transaction of $109,008.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 8.41% of the company’s stock.
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About Middlefield Banc Corp.
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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