Insider Selling: Middlefield Banc Corp (MBCN) Director Sells 1,858 Shares of Stock

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.

A number of institutional investors have recently modified their holdings of the business. State Street Corp purchased a new position in Middlefield Banc in the second quarter worth about $1,336,000. Northern Trust Corp purchased a new position in Middlefield Banc in the second quarter worth about $1,262,000. Bank of New York Mellon Corp raised its holdings in Middlefield Banc by 19.7% in the third quarter. Bank of New York Mellon Corp now owns 9,317 shares of the bank’s stock worth $430,000 after buying an additional 1,536 shares during the last quarter. SG Americas Securities LLC purchased a new position in Middlefield Banc in the third quarter worth about $376,000. Finally, Vanguard Group Inc. purchased a new position in Middlefield Banc in the second quarter worth about $399,000. 26.32% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Insider Selling: Middlefield Banc Corp (MBCN) Director Sells 1,858 Shares of Stock” was posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2018/02/05/insider-selling-middlefield-banc-corp-mbcn-director-sells-1858-shares-of-stock.html.

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.

Receive News & Ratings for Middlefield Banc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Middlefield Banc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply