Middlefield Banc Corp. (NASDAQ:MBCN) Shares Bought by Fmr LLC

Fmr LLC lifted its stake in shares of Middlefield Banc Corp. (NASDAQ:MBCN) by 104.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,117 shares of the bank’s stock after purchasing an additional 570 shares during the period. Fmr LLC’s holdings in Middlefield Banc were worth $32,000 as of its most recent SEC filing.

Separately, YHB Investment Advisors Inc. purchased a new stake in shares of Middlefield Banc during the 3rd quarter valued at approximately $225,000. Institutional investors and hedge funds own 31.72% of the company’s stock.

Wall Street Analyst Weigh In

MBCN has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price objective on Middlefield Banc from $30.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded shares of Middlefield Banc from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th.

Middlefield Banc Stock Performance

Shares of MBCN stock opened at $29.24 on Thursday. Middlefield Banc Corp. has a 12 month low of $20.61 and a 12 month high of $35.22. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.06. The company has a market cap of $236.00 million, a P/E ratio of 16.61 and a beta of 0.69. The firm has a fifty day moving average price of $30.09 and a 200 day moving average price of $27.08.

Middlefield Banc (NASDAQ:MBCN) last announced its quarterly earnings results on Thursday, October 17th. The bank reported $0.29 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.18). Middlefield Banc had a return on equity of 6.86% and a net margin of 13.31%. The company had revenue of $16.82 million for the quarter, compared to analyst estimates of $17.10 million. Sell-side analysts predict that Middlefield Banc Corp. will post 1.79 earnings per share for the current fiscal year.

Middlefield Banc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend was Friday, November 29th. Middlefield Banc’s dividend payout ratio (DPR) is presently 45.45%.

About Middlefield Banc

Middlefield Banc Corp. operates as the bank holding company for The Middlefield Banking Company that provides various commercial banking services to small and medium-sized businesses, professionals, small business owners, and retail customers in northeastern and central Ohio. It offers checking, savings, negotiable order of withdrawal accounts, money market accounts, time certificates of deposit, commercial loans, real estate loans, various consumer loans, safe deposit facilities, and travelers' checks.