Middlefield Banc Corp. (NASDAQ:MBCN) Shares Purchased by Barclays PLC

Barclays PLC raised its holdings in Middlefield Banc Corp. (NASDAQ:MBCN) by 69.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,916 shares of the bank’s stock after purchasing an additional 6,918 shares during the quarter. Barclays PLC owned 0.21% of Middlefield Banc worth $487,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in shares of Middlefield Banc by 0.8% in the third quarter. Geode Capital Management LLC now owns 165,355 shares of the bank’s stock valued at $4,763,000 after buying an additional 1,368 shares in the last quarter. State Street Corp lifted its holdings in Middlefield Banc by 0.9% in the third quarter. State Street Corp now owns 102,516 shares of the bank’s stock valued at $2,952,000 after acquiring an additional 963 shares during the period. FMR LLC lifted its holdings in Middlefield Banc by 104.2% in the third quarter. FMR LLC now owns 1,117 shares of the bank’s stock valued at $32,000 after acquiring an additional 570 shares during the period. Empowered Funds LLC boosted its position in shares of Middlefield Banc by 5.1% during the 3rd quarter. Empowered Funds LLC now owns 16,536 shares of the bank’s stock worth $476,000 after purchasing an additional 804 shares in the last quarter. Finally, YHB Investment Advisors Inc. acquired a new position in shares of Middlefield Banc during the 3rd quarter worth $225,000. Institutional investors and hedge funds own 31.72% of the company’s stock.

Middlefield Banc Stock Down 1.5 %

Middlefield Banc stock opened at $25.00 on Friday. Middlefield Banc Corp. has a fifty-two week low of $20.61 and a fifty-two week high of $34.00. The firm has a market capitalization of $201.75 million, a price-to-earnings ratio of 14.20 and a beta of 0.71. The stock’s fifty day moving average is $29.30 and its two-hundred day moving average is $27.63. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.97 and a current ratio of 0.97.

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

Middlefield Banc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.20 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.80 annualized dividend and a dividend yield of 3.20%. Middlefield Banc’s dividend payout ratio is presently 45.45%.

Wall Street Analyst Weigh In

Several analysts recently commented on MBCN shares. StockNews.com upgraded shares of Middlefield Banc from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Keefe, Bruyette & Woods lifted their price target on shares of Middlefield Banc from $30.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

Middlefield Banc Profile

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.