According to Zacks, “Middlefield Banc Corp. is a banking holding company for The Middlefield Banking Company. It offers its clients a wide range of banking services, including chequing, savings and negotiable withdrawal order (NOW) accounts; money market accounts; term deposit certificates, commercial loans, real estate loans and various types of consumer loans; safes and traveller’s checks. The Company also offers online banking and bill payment services. Middlefield Banc Corp. is headquartered in Middlefield, Ohio. “
NASDAQ: MBCN open for $ 24.61 Wednesday. The company’s 50-day mobile average price is $ 25.48, and its 200-day mobile average price is $ 24.33. The company has a current ratio of 0.95, a quick ratio of 0.95, and a debt ratio of 0.09. The company has a market cap of $ 146.87 million, a P / E ratio of 9.50 and a beta of 0.84. Middlefield Banc has a twelve month low of $ 18.64 and a twelve month high of $ 27.77.
Middlefield Banc (NASDAQ: MBCN) last released its quarterly results on Sunday, October 17. The bank reported earnings per share of $ 0.85 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.64 of $ 0.21. The company posted revenue of $ 14.32 million for the quarter, compared to a consensus estimate of $ 13.20 million. Middlefield Banc had a net margin of 27.25% and a return on equity of 11.22%. On average, analysts expect Middlefield Banc to post earnings per share of 2.98 for the current year.
Several large investors have recently bought and sold shares of MBCN. EJF Capital LLC purchased a new position in Middlefield Banc shares in the second quarter valued at approximately $ 2,281,000. Millennium Management LLC acquired a new stake in Middlefield Banc during the second quarter valued at approximately $ 2,257,000. Alliancebernstein LP increased its position in Middlefield Banc by 146.5% during the third quarter. Alliancebernstein LP now owns 96,552 shares of the bank valued at $ 2,300,000 after purchasing an additional 57,387 shares in the last quarter. Kennedy Capital Management Inc. acquired a new stake in Middlefield Banc during the second quarter valued at approximately $ 634,000. Finally, Ergoteles LLC acquired a new stake in Middlefield Banc during the second quarter valued at approximately $ 611,000. 30.79% of the shares are currently held by hedge funds and other institutional investors.
Middlefield Banc Company Profile
Middlefield Banc Corp. is a holding company specializing in providing personal and business banking solutions. It offers chequing, savings, negotiable withdrawal order accounts, money market accounts, term deposit certificates, business loans, home loans, a variety of consumer loans, credit facilities. secure deposit and traveler’s check services.
Read more: Diversification for individual investors
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in Middlefield Banc now?
Before you consider Middlefield Bench, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the larger market takes hold of… and Middlefield Banc was not on the list.
While Middlefield Banc currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here