Keefe Bruyette & Woods Maintains Middlefield Banc Corp to Market Perform with Price Target $38.00

Brokerage firm Keefe Bruyette & Woods Maintains its rating on Middlefield Banc Corp(NASDAQ:MBCN). In a research note issued to the investors, the brokerage major Raises the price-target to $38.00 per share. The shares have been rated Market Perform. The rating by Keefe Bruyette & Woods was issued on Aug 1, 2016.

Middlefield Banc Corp(MBCN) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $7.51M. Analysts had an estimated revenue of $7.80M. Earnings per share were $0.94. Analysts had estimated an EPS of $0.73.

Several Insider Transactions has been reported to the SEC. On May 27, 2016, Clayton W Iii Rose (director) purchased 1,000 shares at $33.00 per share price.Also, On May 26, 2016, Charles O Moore (President, Central Ohio Region) purchased 500 shares at $33.00 per share price.On May 25, 2016, Thomas G Caldwell (President/Chief Executive Offi) purchased 500 shares at $33.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Ohio. MBC offers customers a broad range of banking services including checking savings negotiable order of withdrawal (NOW) accounts money market accounts time certificates of deposit commercial loans real estate loans a variety of consumer loans safe deposit facilities and travelers’ checks. MBC offers online banking and bill payment services to individuals and online cash management services to business customers through its Website at MBC offers its services to small and medium-sized businesses professionals small business owners and retail customers. EMORECO engages in the resolution and disposition of troubled assets in central Ohio.

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