Middlefield Banc Corp (MBCN) Director William A. Et Al Valerian Sells 600 Shares

Middlefield Banc Corp (NASDAQ:MBCN) Director William A. Et Al Valerian sold 600 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $49.34, for a total transaction of $29,604.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Middlefield Banc Corp (NASDAQ:MBCN) opened at $49.00 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.33. The firm has a market cap of $157.67, a PE ratio of 15.81 and a beta of 0.17. Middlefield Banc Corp has a fifty-two week low of $40.00 and a fifty-two week high of $54.60.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.29%. This is an increase from Middlefield Banc’s previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, February 27th. Middlefield Banc’s payout ratio is 34.84%.

Several equities analysts have weighed in on MBCN shares. Zacks Investment Research lowered shares of Middlefield Banc from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 1st. ValuEngine lowered shares of Middlefield Banc from a “buy” rating to a “hold” rating in a report on Friday, December 22nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 target price on shares of Middlefield Banc in a report on Friday, December 22nd. Finally, Boenning Scattergood set a $54.00 target price on shares of Middlefield Banc and gave the company a “buy” rating in a report on Tuesday, October 31st.

Several institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its stake in shares of Middlefield Banc by 0.3% in the 2nd quarter. Wells Fargo & Company MN now owns 2,926 shares of the bank’s stock valued at $148,000 after acquiring an additional 10 shares during the period. BlackRock Inc. raised its stake in shares of Middlefield Banc by 1.1% in the 4th quarter. BlackRock Inc. now owns 114,747 shares of the bank’s stock valued at $5,531,000 after acquiring an additional 1,243 shares during the period. Deutsche Bank AG raised its stake in shares of Middlefield Banc by 30.4% in the 4th quarter. Deutsche Bank AG now owns 6,337 shares of the bank’s stock valued at $304,000 after acquiring an additional 1,478 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Middlefield Banc by 19.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 9,317 shares of the bank’s stock valued at $430,000 after acquiring an additional 1,536 shares during the period. Finally, New York State Common Retirement Fund purchased a new stake in shares of Middlefield Banc in the 2nd quarter valued at approximately $141,000. 26.53% of the stock is currently owned by institutional investors and hedge funds.

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About Middlefield Banc

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.

Insider Buying and Selling by Quarter for Middlefield Banc (NASDAQ:MBCN)

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