StockNews.com Initiates Coverage on Middlefield Banc (NASDAQ:MBCN)

StockNews.com started coverage on shares of Middlefield Banc (NASDAQ:MBCNGet Rating) in a report released on Sunday. The brokerage set a “buy” rating on the bank’s stock.

Separately, Zacks Investment Research lowered Middlefield Banc from a “buy” rating to a “hold” rating in a research report on Saturday.

MBCN opened at $24.60 on Friday. Middlefield Banc has a 1 year low of $22.65 and a 1 year high of $30.62. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.93 and a quick ratio of 0.93. The stock’s 50 day simple moving average is $25.29 and its 200 day simple moving average is $25.41. The firm has a market cap of $144.06 million, a price-to-earnings ratio of 8.17 and a beta of 0.68.

Middlefield Banc (NASDAQ:MBCNGet Rating) last released its quarterly earnings data on Thursday, April 21st. The bank reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.03. Middlefield Banc had a return on equity of 12.73% and a net margin of 31.63%. As a group, sell-side analysts anticipate that Middlefield Banc will post 2.49 EPS for the current year.

Several institutional investors have recently bought and sold shares of MBCN. Dimensional Fund Advisors LP grew its holdings in shares of Middlefield Banc by 1.8% in the third quarter. Dimensional Fund Advisors LP now owns 93,053 shares of the bank’s stock worth $2,240,000 after acquiring an additional 1,675 shares during the period. Alliancebernstein L.P. lifted its position in shares of Middlefield Banc by 146.5% in the third quarter. Alliancebernstein L.P. now owns 96,552 shares of the bank’s stock worth $2,300,000 after buying an additional 57,387 shares in the last quarter. LSV Asset Management purchased a new stake in shares of Middlefield Banc in the first quarter worth about $104,000. UBS Group AG lifted its position in shares of Middlefield Banc by 21.6% in the third quarter. UBS Group AG now owns 2,977 shares of the bank’s stock worth $71,000 after buying an additional 529 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Middlefield Banc by 230.3% in the fourth quarter. Barclays PLC now owns 2,309 shares of the bank’s stock worth $57,000 after buying an additional 1,610 shares in the last quarter. 28.84% of the stock is owned by institutional investors and hedge funds.

Middlefield Banc Company Profile (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.

Featured Articles

Receive News & Ratings for Middlefield Banc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Middlefield Banc and related companies with MarketBeat.com's FREE daily email newsletter.