Middlefield Banc Corp (NASDAQ:MBCN) Director William A. Et Al Valerian sold 1,858 shares of Middlefield Banc stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $50.42, for a total transaction of $93,680.36. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Middlefield Banc Corp (NASDAQ MBCN) traded up $0.35 during trading on Monday, reaching $49.90. 10,771 shares of the company’s stock traded hands, compared to its average volume of 2,828. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $159.44, a PE ratio of 15.98 and a beta of 0.17. Middlefield Banc Corp has a twelve month low of $39.20 and a twelve month high of $54.60.
A number of research analysts recently issued reports on MBCN shares. Zacks Investment Research cut shares of Middlefield Banc from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 1st. Boenning Scattergood set a $54.00 price target on shares of Middlefield Banc and gave the company a “buy” rating in a research report on Tuesday, October 31st. ValuEngine raised shares of Middlefield Banc from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $51.00 price target on shares of Middlefield Banc in a research report on Friday, December 22nd.
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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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