Middlefield Banc (NASDAQ:MBCN) now covered by StockNews.com analysts

StockNews.com analysts assumed stock coverage of Middlefield Bench (NASDAQ:MBCN – Get Assessment) in a research note published Wednesday. The brokerage has placed a “buy” rating on the bank’s shares.

The NASDAQ MBCN opened at $25.60 on Wednesday. The stock has a fifty-day moving average of $25.37 and a 200-day moving average of $25.25. The stock has a market capitalization of $149.91 million, a P/E ratio of 8.51 and a beta of 0.68. Middlefield Banc has a 52-week low of $22.70 and a 52-week high of $30.62. The company has a debt ratio of 0.09, a quick ratio of 0.93 and a current ratio of 0.93.

Middlefield Banc (NASDAQ:MBCN – Get Rating) last released its results on Thursday, April 21. The bank reported EPS of $0.65 for the quarter, beating the consensus estimate of $0.60 by $0.05. The company posted revenue of $12.87 million in the quarter, compared to $12.90 million expected by analysts. Middlefield Banc had a return on equity of 12.55% and a net margin of 31.63%. Equity research analysts expect Middlefield Banc to post earnings per share of 2.42 for the current fiscal year.

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Several hedge funds and other institutional investors have recently increased or reduced their stake in the company. Dimensional Fund Advisors LP increased its stake in shares of Middlefield Banc by 0.5% in the 1st 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. Renaissance Technologies LLC increased its stake in shares of Middlefield Banc by 16.7% during the fourth quarter. Renaissance Technologies LLC now owns 94,212 shares of the bank worth $2,336,000 after purchasing an additional 13,487 shares during the period. Millennium Management LLC increased its stake in shares of Middlefield Banc by 5.5% during the fourth quarter. Millennium Management LLC now owns 56,862 shares of the bank worth $1,411,000 after purchasing an additional 2,972 shares during the period. Strategic Value Bank Partners LLC acquired a new stake in shares of Middlefield Banc during the fourth quarter at a value of $1,308,000. Finally, Fourthstone LLC increased its stake in shares of Middlefield Banc by 55.4% during the first quarter. Fourthstone LLC now owns 50,375 shares of the bank worth $1,250,000 after purchasing an additional 17,950 shares during the period. 28.84% of the stock is held by institutional investors.

About Middlefield Bench (Get an assessment)

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.

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