Middlefield Banc (NASDAQ:MBCN) Now Covered by StockNews.com

StockNews.com started coverage on shares of Middlefield Banc (NASDAQ:MBCNGet Rating) in a research note issued to investors on Wednesday. The firm set a “buy” rating on the bank’s stock.

Separately, Zacks Investment Research lowered shares of Middlefield Banc from a “buy” rating to a “hold” rating in a report on Thursday, March 31st.

Middlefield Banc stock opened at $25.72 on Wednesday. The firm has a 50 day moving average price of $25.16 and a 200-day moving average price of $25.35. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.09. Middlefield Banc has a twelve month low of $22.01 and a twelve month high of $30.62. The company has a market capitalization of $151.18 million, a P/E ratio of 8.54 and a beta of 0.78.

Middlefield Banc (NASDAQ:MBCNGet Rating) last announced its earnings results on Thursday, April 21st. The bank reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.03. Middlefield Banc had a net margin of 31.63% and a return on equity of 12.55%. Equities analysts expect that Middlefield Banc will post 2.42 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in Middlefield Banc by 1.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 93,053 shares of the bank’s stock worth $2,240,000 after purchasing an additional 1,675 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Middlefield Banc by 146.5% in the 3rd quarter. Alliancebernstein L.P. now owns 96,552 shares of the bank’s stock valued at $2,300,000 after acquiring an additional 57,387 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Middlefield Banc by 5.5% in the 4th quarter. Millennium Management LLC now owns 56,862 shares of the bank’s stock valued at $1,411,000 after acquiring an additional 2,972 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Middlefield Banc by 49.0% in the 4th quarter. BlackRock Inc. now owns 23,650 shares of the bank’s stock valued at $587,000 after purchasing an additional 7,782 shares during the period. Finally, State Street Corp lifted its stake in shares of Middlefield Banc by 12.3% in the 4th quarter. State Street Corp now owns 16,377 shares of the bank’s stock valued at $406,000 after purchasing an additional 1,800 shares during the period. 30.23% of the stock is currently owned by hedge funds and other institutional investors.

About Middlefield Banc (Get Rating)

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 provides 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.

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