Dog Do Right
Related Articles
Equity researchers at StockNews.com initiated a hedge on the shares of Middlefield Bank (NASDAQ: MBCN – Get a rating) in a report released Saturday. The brokerage has placed a “buy” rating on the bank’s shares.
Middlefield Banc share performance
NASDAQ: MBCN opened at $27.28 on Friday. The company has a market capitalization of $158.28 million, a PE ratio of 9.06 and a beta of 0.60. The company has a 50-day simple moving average of $26.41 and a two-hundred-day simple moving average of $25.62. The company has a debt ratio of 0.10, a quick ratio of 0.92 and a current ratio of 0.92. Middlefield Banc has a fifty-two week low of $22.82 and a fifty-two week high of $30.62.
Middlefield Bank (NASDAQ: MBCN – Get a rating) last released its results on Monday, July 18. The bank reported earnings per share of $0.70 for the quarter, beating consensus analyst estimates of $0.67 by $0.03. The company posted revenue of $13.41 million in the quarter, versus a consensus estimate of $13.20 million. Middlefield Banc posted a net margin of 31.25% and a return on equity of 12.89%.
Hedge funds weigh on Middlefield Banc
A d Trader
Bitcoin’s correction creates a MASSIVE opportunity
Most people are freaking out right now…but multi-millionaire crypto analyst Joe Shew is convinced that this is a rare chance for regular people to cash in on a small $2 coin that is set to skyrocket as early as this month- this. After picking Bitcoin at $369…and Ethereum at $7…this is a must watch show. Click here to see the details of the move he tells everyone to make.
A number of large investors have recently changed their holdings in MBCN. Carnegie Capital Asset Management LLC increased its stake in Middlefield Banc by 34.2% in the second quarter. Carnegie Capital Asset Management LLC now owns 170,434 shares of the bank valued at $4,022,000 after acquiring 43,400 additional shares last quarter. Redmont Wealth Advisors LLC increased its stake in Middlefield Banc by 17.0% in the 1st quarter. Redmont Wealth Advisors LLC now owns 18,165 shares of the bank worth $451,000 after acquiring 2,640 additional shares in the last quarter. State Street Corp increased its stake in Middlefield Banc by 8.1% in the first quarter. State Street Corp now owns 17,700 shares of the bank worth $439,000 after acquiring 1,323 more shares in the last quarter. Fourthstone LLC increased its stake in Middlefield Banc by 55.4% in the 1st quarter. Fourthstone LLC now owns 50,375 shares of the bank worth $1,250,000 after acquiring an additional 17,950 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Middlefield Banc by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 96,410 shares of the bank valued at $2,393,000 after purchasing an additional 463 shares during the period. 28.43% of the shares are currently held by institutional investors.
Middlefield Bank Company Profile
Middlefield Banc Corp. operates as a bank holding company for The Middlefield Banking Company which provides various commercial banking services to small and medium-sized businesses, professionals, small business owners and retail customers in Northeast and Central Ohio . It offers checking accounts, savings accounts, negotiable withdrawal orders, money market accounts, term deposit certificates, business loans, home loans, various consumer loans, safe deposit boxes and travellers cheques.
Recommended Stories
This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Before you consider Middlefield Banc, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and Middlefield Banc was not on the list.
Although Middlefield Banc currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the five actions here
