Ancora Inverness LLC continued to hold its stake in Middlefield Banc Corp (NASDAQ:MBCN) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,500 shares of the company’s stock at the end of the third quarter. Ancora Inverness LLC owned 0.56% of Middlefield Banc Corp worth $423,000 as of its most recent SEC filing.
Separately, Huntington National Bank raised its stake in Middlefield Banc Corp by 104.1% in the third quarter. Huntington National Bank now owns 12,113 shares of the company’s stock worth $409,000 after buying an additional 6,177 shares during the period.
Middlefield Banc Corp (NASDAQ:MBCN) traded down 0.68% during midday trading on Monday, hitting $36.75. The stock had a trading volume of 413 shares. The company’s 50-day moving average price is $34.93 and its 200 day moving average price is $33.24. Middlefield Banc Corp has a 12-month low of $31.19 and a 12-month high of $37.55. The stock has a market cap of $82.69 million, a P/E ratio of 11.43 and a beta of -0.03.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Monday, November 28th will be issued a dividend of $0.27 per share. The ex-dividend date is Wednesday, November 23rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.92%.
Separately, Keefe, Bruyette & Woods increased their target price on Middlefield Banc Corp from $37.00 to $38.00 and gave the company a “market perform” rating in a research note on Monday, August 1st.
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.