Demming Financial Services Corp ADV Purchases Shares of 22,953 Middlefield Banc Corp. $MBCN

Demming Financial Services Corp ADV acquired a new position in shares of Middlefield Banc Corp. (NASDAQ:MBCN) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 22,953 shares of the bank’s stock, valued at approximately $793,000. Middlefield Banc comprises 0.6% of Demming Financial Services Corp ADV’s investment portfolio, making the stock its 14th biggest holding. Demming Financial Services Corp ADV owned approximately 0.28% of Middlefield Banc at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC raised its position in shares of Middlefield Banc by 3.5% during the 1st quarter. Empowered Funds LLC now owns 17,863 shares of the bank’s stock worth $499,000 after purchasing an additional 598 shares during the period. Geode Capital Management LLC boosted its position in Middlefield Banc by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 171,134 shares of the bank’s stock valued at $5,154,000 after purchasing an additional 3,308 shares during the period. Police & Firemen s Retirement System of New Jersey grew its stake in Middlefield Banc by 107.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 2,047 shares of the bank’s stock worth $62,000 after buying an additional 1,059 shares during the last quarter. Hsbc Holdings PLC bought a new position in Middlefield Banc during the 2nd quarter worth $307,000. Finally, Fisher Asset Management LLC acquired a new stake in Middlefield Banc in the second quarter worth $1,056,000. 31.72% of the stock is owned by institutional investors.

Middlefield Banc Price Performance

Shares of Middlefield Banc stock opened at $33.67 on Monday. Middlefield Banc Corp. has a 52 week low of $22.74 and a 52 week high of $37.67. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The stock has a market cap of $272.39 million, a PE ratio of 14.09 and a beta of 0.38. The company’s 50-day moving average price is $34.36 and its two-hundred day moving average price is $33.23.

Middlefield Banc (NASDAQ:MBCN) last released its quarterly earnings data on Tuesday, February 10th. The bank reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.27). The company had revenue of $19.34 million for the quarter, compared to the consensus estimate of $19.97 million. Middlefield Banc had a return on equity of 8.91% and a net margin of 16.65%. As a group, sell-side analysts anticipate that Middlefield Banc Corp. will post 1.96 EPS for the current fiscal year.

Middlefield Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 17th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.5%. The ex-dividend date was Tuesday, February 17th. Middlefield Banc’s payout ratio is 35.15%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MBCN. Weiss Ratings reissued a “buy (b-)” rating on shares of Middlefield Banc in a report on Monday, December 29th. Zacks Research upgraded shares of Middlefield Banc from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Middlefield Banc has an average rating of “Hold” and an average price target of $35.00.

About Middlefield Banc

Middlefield Banc is a bank holding company headquartered in Middlefield, Ohio, operating through its subsidiary, Middlefield Banking Company. The firm offers a suite of deposit products, including checking, savings, money market accounts and certificates of deposit, alongside comprehensive cash management solutions designed for both individual consumers and businesses.

On the lending side, Middlefield Banc specializes in commercial and residential real estate loans, consumer installment loans and lines of credit.