Middlefield Banc Corp. (NASDAQ:MBCN) Director Darryl E. Mast Buys 2,400 Shares
Middlefield Banc Corp. (NASDAQ:MBCN) Director Darryl E. Mast purchased 2,400 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was acquired at an average price of $45.42 per share, for a total transaction of $109,008.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Darryl E. Mast also recently made the following trade(s):
- On Wednesday, June 14th, Darryl E. Mast purchased 1,000 shares of Middlefield Banc Corp. stock. The stock was acquired at an average price of $52.42 per share, for a total transaction of $52,420.00.
Middlefield Banc Corp. (NASDAQ:MBCN) opened at 43.70 on Friday. Middlefield Banc Corp. has a 52-week low of $32.45 and a 52-week high of $54.60. The firm has a market cap of $140.32 million, a price-to-earnings ratio of 14.71 and a beta of 0.16. The firm has a 50-day moving average of $49.71 and a 200 day moving average of $45.95.
Middlefield Banc Corp. (NASDAQ:MBCN) last posted its quarterly earnings results on Wednesday, July 26th. The bank reported $0.83 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.02. The business had revenue of $10.27 million for the quarter. Middlefield Banc Corp. had a return on equity of 8.97% and a net margin of 18.69%. On average, equities research analysts forecast that Middlefield Banc Corp. will post $3.36 earnings per share for the current year.
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Several large investors have recently bought and sold shares of MBCN. M3F Inc. acquired a new stake in Middlefield Banc Corp. during the second quarter worth $5,040,000. Bank of New York Mellon Corp acquired a new stake in Middlefield Banc Corp. during the second quarter worth $393,000. Schwab Charles Investment Management Inc. acquired a new stake in Middlefield Banc Corp. during the second quarter worth $237,000. Siena Capital Management LLC acquired a new stake in Middlefield Banc Corp. during the second quarter worth $3,780,000. Finally, Gendell Jeffrey L increased its stake in Middlefield Banc Corp. by 66.0% in the first quarter. Gendell Jeffrey L now owns 18,653 shares of the bank’s stock worth $842,000 after buying an additional 7,418 shares during the period. 7.85% of the stock is owned by institutional investors and hedge funds.
Separately, Keefe, Bruyette & Woods restated a “hold” rating and issued a $47.00 price target on shares of Middlefield Banc Corp. in a research report on Thursday, July 27th.
About Middlefield Banc Corp.
Middlefield Banc Corp. is a bank holding company. The Company’s subsidiaries include The Middlefield Banking Company (MBC) and EMORECO Inc MBC is engaged in the general commercial banking business in northeastern and central Ohio. MBC offers customers a range of banking services, including checking, savings, money market accounts, time certificates of deposit, commercial loans, real estate loans, various consumer loans, safe deposit facilities and travelers’ checks.
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