Media headlines about Middlefield Banc Corp. (NASDAQ:MBCN) have trended somewhat positive recently, according to Alpha One Sentiment. The research firm, a service of Accern, identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Middlefield Banc Corp. earned a media sentiment score of 0.02 on Alpha One’s scale. Alpha One also gave headlines about the bank an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the near future.
Middlefield Banc Corp. (NASDAQ MBCN) traded down 0.10% during midday trading on Tuesday, hitting $51.70. The company had a trading volume of 1,209 shares. The stock has a market capitalization of $165.65 million, a PE ratio of 17.06 and a beta of 0.19. Middlefield Banc Corp. has a 52 week low of $31.66 and a 52 week high of $54.60. The stock has a 50 day moving average price of $50.67 and a 200-day moving average price of $43.60.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Friday, June 2nd were given a dividend of $0.27 per share. The ex-dividend date was Wednesday, May 31st. This represents a $1.08 annualized dividend and a dividend yield of 2.09%. Middlefield Banc Corp.’s dividend payout ratio is currently 35.41%.
Separately, Keefe, Bruyette & Woods restated a “hold” rating and set a $44.00 price target on shares of Middlefield Banc Corp. in a report on Wednesday, April 5th.
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In other news, Director Darryl E. Mast purchased 1,000 shares of the stock in a transaction dated Wednesday, June 14th. The stock was acquired at an average cost of $52.42 per share, for a total transaction of $52,420.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Donald L. Stacy sold 750 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $54.00, for a total value of $40,500.00. The disclosure for this sale can be found here. Company 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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