Media coverage about Middlefield Banc Corp. (NASDAQ:MBCN) has been trending somewhat positive on Thursday, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Middlefield Banc Corp. earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 47.4460391035636 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Middlefield Banc Corp. (NASDAQ:MBCN) remained flat at $47.20 during trading on Thursday. 22 shares of the stock were exchanged. The company’s 50 day moving average price is $45.94 and its 200-day moving average price is $47.40. Middlefield Banc Corp. has a one year low of $34.05 and a one year high of $54.60. The firm has a market cap of $151.56 million, a PE ratio of 15.89 and a beta of 0.17.
Middlefield Banc Corp. (NASDAQ:MBCN) last posted its quarterly earnings data on Wednesday, July 26th. The bank reported $0.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.02). The company had revenue of $10.27 million for the quarter. Middlefield Banc Corp. had a return on equity of 8.19% and a net margin of 18.69%. Equities analysts predict that Middlefield Banc Corp. will post $3.31 earnings per share for the current year.
MBCN has been the subject of several recent research reports. Boenning Scattergood restated an “outperform” rating and set a $54.00 target price on shares of Middlefield Banc Corp. in a report on Monday, August 14th. Keefe, Bruyette & Woods restated a “hold” rating and set a $47.00 target price on shares of Middlefield Banc Corp. in a report on Thursday, July 27th.
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In related news, Director Darryl E. Mast acquired 2,400 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were purchased at an average price of $45.42 per share, for a total transaction of $109,008.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 8.41% of the stock is currently owned by insiders.
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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