YHB Investment Advisors Inc. Invests $225,000 in Middlefield Banc Corp. (NASDAQ:MBCN)

YHB Investment Advisors Inc. purchased a new stake in shares of Middlefield Banc Corp. (NASDAQ:MBCN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,816 shares of the bank’s stock, valued at approximately $225,000. YHB Investment Advisors Inc. owned about 0.10% of Middlefield Banc at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its stake in shares of Middlefield Banc by 48.9% in the 1st quarter. BNP Paribas Financial Markets now owns 3,668 shares of the bank’s stock valued at $88,000 after buying an additional 1,204 shares during the period. Redmont Wealth Advisors LLC increased its position in Middlefield Banc by 14.2% in the first quarter. Redmont Wealth Advisors LLC now owns 32,017 shares of the bank’s stock worth $765,000 after purchasing an additional 3,989 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Middlefield Banc by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 386,196 shares of the bank’s stock worth $9,222,000 after purchasing an additional 3,782 shares during the last quarter. Institutional investors own 31.72% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Middlefield Banc from a “hold” rating to a “sell” rating in a research note on Friday, October 18th.

Middlefield Banc Stock Performance

MBCN stock opened at $27.61 on Friday. Middlefield Banc Corp. has a twelve month low of $20.61 and a twelve month high of $37.00. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.06. The company has a market cap of $222.73 million, a P/E ratio of 13.47 and a beta of 0.69. The business’s fifty day moving average is $27.59 and its 200-day moving average is $24.62.

Middlefield Banc Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend was Friday, August 30th. Middlefield Banc’s payout ratio is 39.02%.

Middlefield Banc Profile

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 offers checking, savings, negotiable order of withdrawal accounts, money market accounts, time certificates of deposit, commercial loans, real estate loans, various consumer loans, safe deposit facilities, and travelers' checks.