Zacks: Middlefield Banc Corp (MBCN) Receives Average Rating of “Hold” from Analysts
Shares of Middlefield Banc Corp (NASDAQ:MBCN) have received an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Analysts have set a 1 year consensus target price of $38.00 for the company, according to Zacks. Zacks has also assigned Middlefield Banc Corp an industry rank of 157 out of 265 based on the ratings given to related companies.
Separately, Keefe, Bruyette & Woods boosted their price objective on Middlefield Banc Corp from $37.00 to $38.00 and gave the stock a “market perform” rating in a research report on Monday, August 1st.
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Shares of Middlefield Banc Corp (NASDAQ:MBCN) remained flat at $34.50 during mid-day trading on Friday. The company had a trading volume of 660 shares. The company’s 50-day moving average is $33.58 and its 200 day moving average is $32.57. The firm has a market cap of $77.52 million, a price-to-earnings ratio of 9.56 and a beta of -0.03. Middlefield Banc Corp has a 1-year low of $27.37 and a 1-year high of $34.75.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Friday, September 2nd were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $1.08 annualized dividend and a yield of 3.13%.
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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