Middlefield Banc Corp (NASDAQ:MBCN) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokers have set a 12 month consensus price objective of $54.00 for the company and are expecting that the company will post $0.03 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Middlefield Banc an industry rank of 22 out of 265 based on the ratings given to its competitors.

Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Middlefield Banc from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Wednesday. Boenning Scattergood set a $54.00 price objective on Middlefield Banc and gave the company a “buy” rating in a report on Tuesday, October 31st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $51.00 price objective on shares of Middlefield Banc in a report on Friday, December 22nd. Finally, ValuEngine downgraded Middlefield Banc from a “buy” rating to a “hold” rating in a report on Friday, December 22nd.

Middlefield Banc (NASDAQ:MBCN) opened at $48.90 on Friday. The stock has a market cap of $157.20, a price-to-earnings ratio of 15.77 and a beta of 0.15. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.01 and a current ratio of 1.01. Middlefield Banc has a 1-year low of $38.50 and a 1-year high of $54.60.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Tuesday, November 28th were issued a $0.27 dividend. The ex-dividend date was Monday, November 27th. This represents a $1.08 dividend on an annualized basis and a yield of 2.21%. Middlefield Banc’s payout ratio is 34.84%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. New York State Common Retirement Fund acquired a new stake in Middlefield Banc in the second quarter valued at $141,000. The Manufacturers Life Insurance Company acquired a new stake in Middlefield Banc in the second quarter valued at $145,000. Wells Fargo & Company MN increased its holdings in Middlefield Banc by 0.3% in the second quarter. Wells Fargo & Company MN now owns 2,926 shares of the bank’s stock valued at $148,000 after purchasing an additional 10 shares during the period. Teachers Advisors LLC acquired a new stake in Middlefield Banc in the second quarter valued at $230,000. Finally, California State Teachers Retirement System bought a new stake in Middlefield Banc during the second quarter valued at $232,000. Institutional investors and hedge funds own 26.57% of the company’s stock.

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Middlefield Banc 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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