Dividend Action: Can Middlefield Banc Corp. (NASDAQ:MBCN) truly back claims of $0.27 dividends by Dec 15, 2016?

Dividend Action: Can Middlefield Banc Corp. (NASDAQ:MBCN) truly back claims of $0.27 dividends by Dec 15, 2016?

Middlefield Banc Corp. (NASDAQ:MBCN) is expected to pay $0.27 on Dec 15, 2016. The indicated annual dividend is $1.08. Shareholders owning the stock before Nov 23, 2016 will be eligible to receive the payout. Based on Middlefield Banc Corp.’s current price of $35.10, the dividend is 0.77%. This dividend’s record date is Nov 28, 2016 and the announcement date is Nov 17, 2016. The stock increased 0.14% or $0.05 on November 21, hitting $35.1. Middlefield Banc Corp (NASDAQ:MBCN) has risen 10.53% since April 20, 2016 and is uptrending. It has outperformed by 5.98% the S&P500.

Middlefield Banc Corp. is a bank holding company. The company has a market cap of $77.78 million. The Company’s subsidiaries include The Middlefield Banking Company and EMORECO Inc. It has a 10.82 P/E ratio. MBC is engaged in the general commercial banking business in northeastern and central Ohio.

Insitutional Activity: The institutional sentiment increased to 1.67 in Q2 2016. Its up 1.27, from 0.4 in 2016Q1. The ratio is positive, as 1 funds sold all Middlefield Banc Corp shares owned while 4 reduced positions. 1 funds bought stakes while 1 increased positions. They now own 86,942 shares or 10.95% less from 97,636 shares in 2016Q1.
Blackrock Investment Mngmt Limited Liability last reported 0% of its portfolio in the stock. Banc Funds Ltd accumulated 0.06% or 30,963 shares. Moreover, Riggs Asset Managment has 0.16% invested in Middlefield Banc Corp (NASDAQ:MBCN) for 9,750 shares. Blackrock Fund Advsr accumulated 269 shares or 0% of the stock. Acadian Asset Mgmt Ltd Liability has 58 shares for 0% of their US portfolio. Tower Capital Limited Liability Company (Trc) accumulated 0% or 327 shares. Moreover, Wells Fargo & Com Mn has 0% invested in Middlefield Banc Corp (NASDAQ:MBCN) for 2,716 shares. Moreover, Ladenburg Thalmann Fin has 0% invested in Middlefield Banc Corp (NASDAQ:MBCN) for 1,300 shares. Firstmerit Bankshares N A Trustee accumulated 6,927 shares or 0.02% of the stock. Morgan Stanley owns 100 shares or 0% of their US portfolio. Huntington National Bank & Trust accumulated 9,772 shares or 0.01% of the stock. Keybank National Association Oh accumulated 0% or 6,484 shares. Savings Bank Of America Corporation De has invested 0% of its portfolio in Middlefield Banc Corp (NASDAQ:MBCN). The California-based Cap Advisers Ltd Liability has invested 0% in Middlefield Banc Corp (NASDAQ:MBCN).

More notable recent Middlefield Banc Corp (NASDAQ:MBCN) news were published by: Businesswire.com which released: “Middlefield Banc Corp. Announces 2016 Fourth Quarter Cash Dividend Payment” on November 16, 2016, also Businesswire.com with their article: “Middlefield Banc Corp. and Liberty Bank, N.A. to Merge” published on July 28, 2016, Businesswire.com published: “Middlefield Banc Corp. Reports 2016 Third Quarter Financial Results” on October 27, 2016. More interesting news about Middlefield Banc Corp (NASDAQ:MBCN) were released by: Crainscleveland.com and their article: “Middlefield Bank sizes up Northeast Ohio” published on August 21, 2016 as well as Crainscleveland.com‘s news article titled: “Middlefield Bank collects $11.9 million on common stock offering” with publication date: July 11, 2016.

MBCN Company Profile

Middlefield Banc Corp., incorporated on April 15, 1988, 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 clients 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. MBC offers online banking and bill payment services to individuals, and online cash management services to business clients through its Website at www.middlefieldbank.com. EMORECO engages in the resolution and disposition of troubled assets in central Ohio. MBC offers its services to small and medium-sized businesses, professionals, small business owners and retail customers.

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