Middlefield Banc Corp. (NASDAQ:MBCN) EVP Thomas M. Wilson Buys 1,000 Shares

Middlefield Banc Corp. (NASDAQ:MBCN) EVP Thomas M. Wilson acquired 1,000 shares of Middlefield Banc stock in a transaction dated Thursday, May 9th. The shares were acquired at an average price of $22.38 per share, with a total value of $22,380.00. Following the transaction, the executive vice president now owns 11,498 shares in the company, valued at approximately $257,325.24. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Middlefield Banc Trading Up 0.7 %

NASDAQ:MBCN opened at $22.55 on Friday. The company’s 50 day moving average is $23.17 and its 200-day moving average is $26.71. The firm has a market cap of $181.98 million, a price-to-earnings ratio of 11.00 and a beta of 0.65. 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 Corp. has a 12 month low of $21.36 and a 12 month high of $37.00.

Middlefield Banc (NASDAQ:MBCN) last announced its quarterly earnings data on Tuesday, April 30th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.09. The business had revenue of $26.41 million for the quarter, compared to the consensus estimate of $17.10 million. Middlefield Banc had a net margin of 16.41% and a return on equity of 8.33%. Equities analysts anticipate that Middlefield Banc Corp. will post 1.75 EPS for the current year.

Middlefield Banc Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.80 annualized dividend and a dividend yield of 3.55%. Middlefield Banc’s payout ratio is 39.02%.

Institutional Investors Weigh In On Middlefield Banc

Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in shares of Middlefield Banc in the third quarter worth $116,000. Cerity Partners LLC acquired a new stake in Middlefield Banc during the fourth quarter worth $290,000. Vanguard Group Inc. boosted its stake in Middlefield Banc by 1.0% during the first quarter. Vanguard Group Inc. now owns 386,196 shares of the bank’s stock worth $9,222,000 after buying an additional 3,782 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Middlefield Banc by 48.9% during the first quarter. BNP Paribas Financial Markets now owns 3,668 shares of the bank’s stock worth $88,000 after buying an additional 1,204 shares in the last quarter. Finally, Redmont Wealth Advisors LLC boosted its stake in Middlefield Banc by 14.2% during the first quarter. Redmont Wealth Advisors LLC now owns 32,017 shares of the bank’s stock worth $765,000 after buying an additional 3,989 shares in the last quarter. Institutional investors and hedge funds own 31.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on MBCN. Hovde Group decreased their price target on shares of Middlefield Banc from $25.00 to $23.00 and set a “market perform” rating for the company in a report on Wednesday, May 1st. StockNews.com upgraded shares of Middlefield Banc from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $25.00 price target (down from $30.00) on shares of Middlefield Banc in a report on Thursday, May 2nd.

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.