5,000 Shares in Middlefield Banc Corp. (NASDAQ:MBCN) Acquired by Fmr LLC
Fmr LLC bought a new stake in Middlefield Banc Corp. (NASDAQ:MBCN) during the first quarter, Holdings Channel reports. The firm bought 5,000 shares of the bank’s stock, valued at approximately $226,000.
Separately, Huntington National Bank raised its position in shares of Middlefield Banc Corp. by 42.9% in the first quarter. Huntington National Bank now owns 17,882 shares of the bank’s stock valued at $807,000 after buying an additional 5,367 shares during the last quarter. 7.88% of the stock is currently owned by institutional investors.
Middlefield Banc Corp. (NASDAQ MBCN) opened at 42.60 on Thursday. Middlefield Banc Corp. has a one year low of $32.45 and a one year high of $54.60. The firm has a market cap of $136.79 million, a price-to-earnings ratio of 14.34 and a beta of 0.16. The stock’s 50 day moving average price is $48.26 and its 200-day moving average price is $46.05.
Middlefield Banc Corp. (NASDAQ:MBCN) last issued its quarterly earnings results on Wednesday, July 26th. The bank reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by $0.02. The firm had revenue of $10.27 million during the quarter. Middlefield Banc Corp. had a net margin of 18.69% and a return on equity of 8.97%. Analysts forecast that Middlefield Banc Corp. will post $3.36 earnings per share for the current year.
Separately, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $47.00 target price on shares of Middlefield Banc Corp. in a research report on Thursday, July 27th.
In other news, CFO Donald L. Stacy sold 750 shares of the business’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $54.00, for a total value of $40,500.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Darryl E. Mast purchased 1,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was purchased at an average price of $52.42 per share, for a total transaction of $52,420.00. The disclosure for this purchase can be found here. Insiders own 8.41% of the company’s stock.
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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