What Will Happen to Middlefield Banc Corporation (NASDAQ:MBCN) Next? The Stock Has Increase in Shorts

February 15, 2018 - By Darrin Black

 What Will Happen to Middlefield Banc Corporation (NASDAQ:MBCN) Next? The Stock Has Increase in Shorts

Investors sentiment decreased to 3.5 in Q3 2017. Its down 26.50, from 30 in 2017Q2. It worsened, as 2 investors sold Middlefield Banc Corp. shares while 4 reduced holdings. 7 funds opened positions while 14 raised stakes. 1.39 million shares or 13.23% more from 1.23 million shares in 2017Q2 were reported.
Vanguard Gru Incorporated holds 0% or 39,484 shares in its portfolio. Sg Americas Secs Limited Liability Com accumulated 8,149 shares. Nationwide Fund stated it has 0% of its portfolio in Middlefield Banc Corp. (NASDAQ:MBCN). Fmr Limited Liability, Massachusetts-based fund reported 5,000 shares. Carnegie Capital Asset reported 0.46% stake. National Bank Of Mellon accumulated 9,317 shares. 217 were reported by Royal Retail Bank Of Canada. Barclays Public Ltd Liability has invested 0% in Middlefield Banc Corp. (NASDAQ:MBCN). Blackrock has 0% invested in Middlefield Banc Corp. (NASDAQ:MBCN) for 113,504 shares. Tower Research Cap Ltd Liability (Trc) accumulated 0% or 567 shares. Citigroup reported 438 shares. Legal And General Gp Public Ltd Co accumulated 375 shares. Kennedy Mngmt Incorporated stated it has 0.02% in Middlefield Banc Corp. (NASDAQ:MBCN). Utd Capital Advisers Ltd Liability Company owns 15,318 shares. California State Teachers Retirement System holds 0% or 4,300 shares in its portfolio.

Since February 1, 2018, it had 0 buys, and 6 selling transactions for $305,883 activity.

The stock of Middlefield Banc Corporation (NASDAQ:MBCN) registered an increase of 1.09% in short interest. MBCN’s total short interest was 55,500 shares in February as published by FINRA. Its up 1.09% from 54,900 shares, reported previously. With 2,900 shares average volume, it will take short sellers 19 days to cover their MBCN’s short positions. The short interest to Middlefield Banc Corporation’s float is 2.14%.

The stock decreased 1.97% or $0.95 during the last trading session, reaching $47.3. About 2,049 shares traded. Middlefield Banc Corp. (NASDAQ:MBCN) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.

Middlefield Banc Corp. operates as the bank holding firm for The Middlefield Banking Company that provides various commercial banking services to small and medium-sized businesses, professionals, small business owners, and retail clients in northeastern and central Ohio. The company has market cap of $152.20 million. It accepts checking, savings, negotiable order of withdrawal, and money market accounts, as well as time certificates of deposit and IRA accounts. It has a 15.26 P/E ratio. The firm offers operational, working capital, term business, residential construction, professional, residential, and mortgage loans; loans to finance capital purchases; selected guaranteed or subsidized loan programs for small businesses; and consumer installment loans to purchase automobiles and boats, as well as for home improvement and other personal expenditures.

Middlefield Banc Corp. (NASDAQ:MBCN) Ratings Coverage

Among 2 analysts covering Middlefield Banc (NASDAQ:MBCN), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Middlefield Banc had 8 analyst reports since September 22, 2015 according to SRatingsIntel. The rating was maintained by Boenning & Scattergood on Tuesday, October 31 with “Buy”. The stock has “Buy” rating by Boenning & Scattergood on Wednesday, January 31. The firm earned “Hold” rating on Tuesday, October 3 by Keefe Bruyette & Woods. Keefe Bruyette & Woods initiated the stock with “Market Perform” rating in Tuesday, September 22 report. The stock of Middlefield Banc Corp. (NASDAQ:MBCN) has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The rating was maintained by Keefe Bruyette & Woods on Monday, June 26 with “Hold”. Keefe Bruyette & Woods maintained Middlefield Banc Corp. (NASDAQ:MBCN) rating on Thursday, January 25. Keefe Bruyette & Woods has “Hold” rating and $52.0 target. The stock of Middlefield Banc Corp. (NASDAQ:MBCN) earned “Buy” rating by Boenning & Scattergood on Monday, August 14.

More notable recent Middlefield Banc Corp. (NASDAQ:MBCN) news were published by: Crainscleveland.com which released: “Middlefield Bank sizes up Northeast Ohio” on August 21, 2016, also Businesswire.com with their article: “Charles O. Moore Joins The Middlefield Banking Company As Central Ohio …” published on January 07, 2016, Businesswire.com published: “Middlefield Banc Corp. Completes Merger with Liberty Bank, NA and Appoints …” on January 13, 2017. More interesting news about Middlefield Banc Corp. (NASDAQ:MBCN) were released by: Crainscleveland.com and their article: “Middlefield Banc Corp. to list common stock on Nasdaq exchange” published on September 05, 2014 as well as Businesswire.com‘s news article titled: “Middlefield Banc Corp. and Liberty Bank, NA to Merge” with publication date: July 28, 2016.

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