News headlines about Middlefield Banc (NASDAQ:MBCN) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Middlefield Banc earned a news sentiment score of 0.05 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 46.3454337515094 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several research analysts have recently issued reports on MBCN shares. Zacks Investment Research cut shares of Middlefield Banc from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. ValuEngine cut shares of Middlefield Banc from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd.
Shares of Middlefield Banc stock traded down $0.30 during trading hours on Thursday, hitting $51.35. The company had a trading volume of 208 shares, compared to its average volume of 6,939. Middlefield Banc has a twelve month low of $42.10 and a twelve month high of $54.90. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.16. The stock has a market cap of $167.11 million, a price-to-earnings ratio of 15.66 and a beta of 0.20.
Middlefield Banc (NASDAQ:MBCN) last issued its earnings results on Thursday, April 19th. The bank reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.08). Middlefield Banc had a net margin of 19.97% and a return on equity of 8.15%. The company had revenue of $10.69 million during the quarter, compared to analyst estimates of $10.97 million. analysts forecast that Middlefield Banc will post 3.42 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Thursday, May 31st. Middlefield Banc’s payout ratio is 34.15%.
In related news, Director Kenneth E. Jones sold 2,000 shares of the company’s stock in a transaction on Monday, May 21st. The shares were sold at an average price of $51.89, for a total value of $103,780.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William A. Et Al Valerian sold 701 shares of the company’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $49.12, for a total transaction of $34,433.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,613 shares of company stock valued at $341,754. Company insiders own 6.97% of the company’s stock.
Middlefield Banc Company Profile
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 accepts checking, savings, negotiable order of withdrawal, and money market accounts, as well as time certificates of deposit and IRA accounts.
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