William A. Et Al Valerian Sells 400 Shares of Middlefield Banc Corp (MBCN) Stock

Middlefield Banc Corp (NASDAQ:MBCN) Director William A. Et Al Valerian sold 400 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $49.56, for a total value of $19,824.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Middlefield Banc Corp (NASDAQ:MBCN) traded up $0.40 during mid-day trading on Tuesday, hitting $49.90. The stock had a trading volume of 3,500 shares, compared to its average volume of 3,398. Middlefield Banc Corp has a one year low of $39.40 and a one year high of $54.60. The firm has a market capitalization of $159.28, a price-to-earnings ratio of 16.39 and a beta of 0.17. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.33.

Several hedge funds have recently modified their holdings of MBCN. Schwab Charles Investment Management Inc. acquired a new position in shares of Middlefield Banc during the second quarter worth approximately $237,000. Bank of New York Mellon Corp acquired a new position in shares of Middlefield Banc during the second quarter worth approximately $393,000. Wells Fargo & Company MN lifted its holdings in shares of Middlefield Banc by 0.3% during the second quarter. Wells Fargo & Company MN now owns 2,926 shares of the bank’s stock worth $148,000 after buying an additional 10 shares during the last quarter. Teachers Advisors LLC acquired a new position in shares of Middlefield Banc during the second quarter worth approximately $230,000. Finally, TIAA CREF Investment Management LLC acquired a new position in shares of Middlefield Banc during the second quarter worth approximately $347,000. Institutional investors own 26.53% of the company’s stock.

MBCN has been the subject of several analyst reports. Zacks Investment Research lowered Middlefield Banc from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 1st. Boenning Scattergood set a $54.00 target price on Middlefield Banc and gave the stock a “buy” rating in a report on Tuesday, October 31st. ValuEngine upgraded Middlefield Banc from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $51.00 price target on shares of Middlefield Banc in a report on Friday, December 22nd.

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About Middlefield Banc

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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