Middlefield Banc Corp (NASDAQ:MBCN) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokers have set a 12 month consensus target price of $54.00 for the company and are expecting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also given Middlefield Banc an industry rank of 22 out of 265 based on the ratings given to its competitors.

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods restated a “hold” rating and set a $51.00 target price on shares of Middlefield Banc in a research report on Friday, December 22nd. ValuEngine lowered Middlefield Banc from a “buy” rating to a “hold” rating in a research report on Friday, December 22nd. Zacks Investment Research upgraded Middlefield Banc from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Wednesday, January 3rd. Finally, Boenning Scattergood set a $54.00 target price on Middlefield Banc and gave the stock a “buy” rating in a research report on Tuesday, October 31st.

Several institutional investors and hedge funds have recently modified their holdings of MBCN. Carnegie Capital Asset Management LLC acquired a new position in shares of Middlefield Banc in the 2nd quarter valued at approximately $3,555,000. Banc Funds Co. LLC grew its position in shares of Middlefield Banc by 106.1% in the 2nd quarter. Banc Funds Co. LLC now owns 84,991 shares of the bank’s stock valued at $4,284,000 after purchasing an additional 43,750 shares during the period. State Street Corp acquired a new position in shares of Middlefield Banc in the 2nd quarter valued at approximately $1,336,000. Northern Trust Corp acquired a new position in shares of Middlefield Banc in the 2nd quarter valued at approximately $1,262,000. Finally, SG Americas Securities LLC acquired a new position in shares of Middlefield Banc in the 3rd quarter valued at approximately $376,000. Institutional investors and hedge funds own 26.57% of the company’s stock.

Middlefield Banc (NASDAQ:MBCN) traded up $1.05 during trading on Monday, hitting $49.95. The stock had a trading volume of 4,600 shares, compared to its average volume of 2,685. The firm has a market cap of $160.58, a price-to-earnings ratio of 16.11 and a beta of 0.15. Middlefield Banc has a 52 week low of $39.00 and a 52 week high of $54.60. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.01 and a quick ratio of 1.01.

Middlefield Banc (NASDAQ:MBCN) last posted its earnings results on Tuesday, October 24th. The bank reported $0.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.05). Middlefield Banc had a return on equity of 8.48% and a net margin of 19.36%. equities research analysts expect that Middlefield Banc will post 2.38 EPS for the current fiscal year.

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Middlefield Banc Company Profile

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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