Why Middlefield Banc Stock Crushed It Today
It was an understatement to say that Wednesday was a busy and prosperous day for Middlefield Banc (NASDAQ: MBCN). The lender published its latest set of quarterly figures and announced it was merging with a peer. These happenings pushed its stock up by more than 17% on the day, contrasting very nicely with the S&P 500's (SNPINDEX: ^GSPC) 0.5% slump.
Middlefield, a regional banking and financial services company based in Ohio, took the wraps off its third-quarter and nine-month performance that morning.
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Source Fool.com
