News stories about Middlefield Banc (NASDAQ:MBCN) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Middlefield Banc earned a daily sentiment score of 0.04 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 44.6160867959135 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Middlefield Banc misses by $0.08, misses on revenue (seekingalpha.com)
- Middlefield Banc Corp. Reports 2018 First Quarter Financial Results (finance.yahoo.com)
- Middlefield Banc (MBCN) Posts Quarterly Earnings Results, Misses Estimates By $0.08 EPS (americanbankingnews.com)
- Middlefield Banc (MBCN) Given $58.00 Consensus Target Price by Brokerages (americanbankingnews.com)
NASDAQ MBCN traded down $0.05 during trading hours on Friday, hitting $52.95. 2,494 shares of the company were exchanged, compared to its average volume of 5,133. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.01 and a quick ratio of 1.01. Middlefield Banc has a 52-week low of $42.10 and a 52-week high of $54.90. The company has a market cap of $171.30, a price-to-earnings ratio of 16.14 and a beta of 0.19.
Middlefield Banc (NASDAQ:MBCN) last issued its quarterly earnings results on Thursday, April 19th. The bank reported $0.80 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.08). Middlefield Banc had a return on equity of 8.08% and a net margin of 19.35%. The company had revenue of $10.69 million for the quarter, compared to analysts’ expectations of $10.97 million. equities research analysts anticipate that Middlefield Banc will post 4.04 earnings per share for the current fiscal year.
Several brokerages have recently commented on MBCN. Boenning Scattergood reaffirmed a “buy” rating on shares of Middlefield Banc in a research note on Wednesday, January 31st. ValuEngine lowered Middlefield Banc from a “buy” rating to a “hold” rating in a research note on Friday, December 22nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 price objective on shares of Middlefield Banc in a report on Friday, December 22nd. Finally, Zacks Investment Research downgraded Middlefield Banc from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th.
In other news, Director William A. Et Al Valerian sold 1,858 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $50.42, for a total value of $93,680.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William A. Et Al Valerian sold 701 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $49.12, for a total value of $34,433.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,850 shares of company stock worth $780,128. Company insiders own 6.97% of the company’s stock.
About Middlefield Banc
Middlefield Banc Corp. operates as the bank holding company for The Middlefield Banking Company that provides various commercial banking services to small and medium-sized businesses, professionals, small business owners, and retail customers in northeastern and central Ohio. It accepts checking, savings, negotiable order of withdrawal, and money market accounts, as well as time certificates of deposit and IRA accounts.
Receive News & Ratings for Middlefield Banc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Middlefield Banc and related companies with MarketBeat.com's FREE daily email newsletter.