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

Middlefield Banc Corp. (NASDAQ:MBCNGet Free Report) EVP Thomas M. Wilson purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was bought at an average cost of $20.98 per share, for a total transaction of $20,980.00. Following the completion of the acquisition, the executive vice president now directly owns 12,498 shares in the company, valued at approximately $262,208.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Middlefield Banc Price Performance

NASDAQ MBCN opened at $20.76 on Friday. The firm’s 50-day simple moving average is $22.56 and its two-hundred day simple moving average is $26.13. Middlefield Banc Corp. has a 52 week low of $20.61 and a 52 week high of $37.00. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.06. The company has a market cap of $167.53 million, a PE ratio of 10.13 and a beta of 0.65.

Middlefield Banc (NASDAQ:MBCNGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The bank reported $0.51 EPS for the quarter, topping the consensus estimate of $0.42 by $0.09. Middlefield Banc had a net margin of 16.41% and a return on equity of 8.25%. The company had revenue of $26.41 million during the quarter, compared to the consensus estimate of $17.10 million. Research analysts predict that Middlefield Banc Corp. will post 1.75 earnings per share for the current year.

Middlefield Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.85%. Middlefield Banc’s payout ratio is 39.02%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MBCN. Hovde Group dropped their target price on shares of Middlefield Banc from $25.00 to $23.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 1st. raised Middlefield Banc from a “sell” rating to a “hold” rating in a report on Thursday, May 30th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $25.00 target price (down from $30.00) on shares of Middlefield Banc in a research note on Thursday, May 2nd.

View Our Latest Stock Report on Middlefield Banc

Institutional Investors Weigh In On Middlefield Banc

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its position in shares of Middlefield Banc by 48.9% in the first quarter. BNP Paribas Financial Markets now owns 3,668 shares of the bank’s stock valued at $88,000 after acquiring an additional 1,204 shares during the period. Vanguard Group Inc. grew its position 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. Redmont Wealth Advisors LLC raised its holdings in shares of Middlefield Banc by 14.2% in the 1st quarter. Redmont Wealth Advisors LLC now owns 32,017 shares of the bank’s stock valued at $765,000 after acquiring an additional 3,989 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Middlefield Banc during the fourth quarter worth about $273,000. Finally, Cerity Partners LLC bought a new position in shares of Middlefield Banc in the fourth quarter worth approximately $290,000. 31.72% of the stock is currently owned by institutional investors.

Middlefield Banc Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Middlefield Banc (NASDAQ:MBCN)

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