Shares of Middlefield Banc Corp. (NASDAQ:MBCN) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokerages have set a twelve-month consensus price target of $54.00 for the company and are anticipating that the company will post $0.79 EPS for the current quarter, according to Zacks. Zacks has also given Middlefield Banc Corp. an industry rank of 162 out of 265 based on the ratings given to its competitors.

MBCN has been the topic of several research reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $47.00 price objective on shares of Middlefield Banc Corp. in a research note on Thursday, July 27th. Zacks Investment Research lowered shares of Middlefield Banc Corp. from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Finally, Boenning Scattergood reiterated an “outperform” rating and issued a $54.00 price objective on shares of Middlefield Banc Corp. in a research note on Monday, August 14th.

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A number of institutional investors have recently added to or reduced their stakes in MBCN. New York State Common Retirement Fund acquired a new position in Middlefield Banc Corp. in the 2nd quarter valued at approximately $141,000. The Manufacturers Life Insurance Company acquired a new position in Middlefield Banc Corp. in the 2nd quarter valued at approximately $145,000. Wells Fargo & Company MN increased its stake in Middlefield Banc Corp. by 0.3% in the 2nd quarter. Wells Fargo & Company MN now owns 2,926 shares of the bank’s stock valued at $148,000 after buying an additional 10 shares during the period. FMR LLC acquired a new position in Middlefield Banc Corp. in the 1st quarter valued at approximately $226,000. Finally, Teachers Advisors LLC acquired a new position in Middlefield Banc Corp. in the 2nd quarter valued at approximately $230,000. Hedge funds and other institutional investors own 24.55% of the company’s stock.

Shares of Middlefield Banc Corp. (NASDAQ:MBCN) traded down $1.70 during trading hours on Friday, hitting $45.35. 5,659 shares of the company traded hands, compared to its average volume of 3,990. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.34. The stock has a market cap of $145.79, a P/E ratio of 15.18 and a beta of 0.53. Middlefield Banc Corp. has a fifty-two week low of $34.40 and a fifty-two week high of $54.60.

About Middlefield Banc Corp.

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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