Middlefield Banc Corp. (NASDAQ:MBCN) has been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Brokers have set a one year consensus price objective of $38.00 for the company, according to Zacks. Zacks has also assigned Middlefield Banc Corp. an industry rank of 15 out of 265 based on the ratings given to its competitors.
Shares of Middlefield Banc Corp. (NASDAQ:MBCN) opened at 40.55 on Tuesday. The firm has a 50-day moving average price of $39.23 and a 200-day moving average price of $35.84. The stock has a market cap of $91.40 million, a PE ratio of 13.38 and a beta of 0.13. Middlefield Banc Corp. has a 52 week low of $31.19 and a 52 week high of $40.56.
Middlefield Banc Corp. (NASDAQ:MBCN) last issued its earnings results on Tuesday, February 7th. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by $0.09. Middlefield Banc Corp. had a net margin of 18.90% and a return on equity of 8.77%. On average, analysts forecast that Middlefield Banc Corp. will post $3.58 earnings per share for the current fiscal year.
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An institutional investor recently raised its position in Middlefield Banc Corp. stock. Huntington National Bank increased its position in Middlefield Banc Corp. (NASDAQ:MBCN) by 104.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,113 shares of the company’s stock after buying an additional 6,177 shares during the period. Huntington National Bank owned about 0.54% of Middlefield Banc Corp. worth $409,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 4.01% of the company’s stock.
Middlefield Banc Corp. Company Profile
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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