Deutsche Bank AG Makes New Investment in Middlefield Banc Corp. $MBCN

Deutsche Bank AG bought a new position in shares of Middlefield Banc Corp. (NASDAQ:MBCN) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,556 shares of the bank’s stock, valued at approximately $155,000. Deutsche Bank AG owned 0.07% of Middlefield Banc as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MBCN. Wells Fargo & Company MN boosted its position in shares of Middlefield Banc by 11.2% in the fourth quarter. Wells Fargo & Company MN now owns 15,220 shares of the bank’s stock valued at $427,000 after acquiring an additional 1,536 shares during the period. Barclays PLC boosted its position in shares of Middlefield Banc by 8.2% in the fourth quarter. Barclays PLC now owns 18,308 shares of the bank’s stock valued at $514,000 after acquiring an additional 1,392 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Middlefield Banc by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 80,885 shares of the bank’s stock valued at $2,269,000 after acquiring an additional 1,224 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Middlefield Banc by 122.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,319 shares of the bank’s stock valued at $37,000 after acquiring an additional 726 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Middlefield Banc by 29.4% in the fourth quarter. Bank of America Corp DE now owns 10,174 shares of the bank’s stock valued at $285,000 after acquiring an additional 2,310 shares during the period. Institutional investors own 31.72% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $33.00 price objective (up from $32.00) on shares of Middlefield Banc in a research report on Thursday, July 24th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.00.

Middlefield Banc Trading Down 1.2%

Shares of Middlefield Banc stock opened at $30.70 on Monday. Middlefield Banc Corp. has a 1 year low of $22.74 and a 1 year high of $34.00. The firm has a market cap of $248.06 million, a PE ratio of 13.64 and a beta of 0.45. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The company has a 50 day simple moving average of $29.85 and a two-hundred day simple moving average of $28.08.

Middlefield Banc (NASDAQ:MBCN) last announced its earnings results on Tuesday, July 22nd. The bank reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.19. Middlefield Banc had a net margin of 16.16% and a return on equity of 8.54%. The business had revenue of $20.52 million during the quarter, compared to analyst estimates of $18.30 million. Analysts expect that Middlefield Banc Corp. will post 1.96 earnings per share for the current fiscal year.

Middlefield Banc Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.84 annualized dividend and a dividend yield of 2.7%. Middlefield Banc’s dividend payout ratio (DPR) is 37.33%.

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 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.