Middlefield Banc (MBCN) Stock Price, News & Analysis

Company Overview

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. The company also provides operational and working capital, term business, residential construction, professional, and residential and mortgage loans, as well as consumer installment loans for home improvements, automobiles, boats, and other personal expenditures; loans to finance capital purchases; selected guaranteed or subsidized loan programs for small businesses; and agricultural loans. In addition, the company resolves and disposes troubled assets in Ohio. Further, it offers official checks, money orders, and ATM services, as well as IRA accounts; online banking and bill payment services to individuals; and online cash management services to business customers. Middlefield Banc Corp. was founded in 1901 and is headquartered in Middlefield, Ohio.

Key Stats

• Today's Range: $30.79 to $31.75
• 50-Day Range: $27.16 to $33.50
• 52-Week Range: $20.61 to $37.00
• Volume: 10,529 shs
• Average Volume: 11,971 shs
• Market Capitalization: $255.98 million
• P/E Ratio: 18.02
• Dividend Yield: 2.52%
• Price Target: $24.00
• Consensus Rating: Hold

Middlefield Banc Stock Analysis - MarketRank™

Middlefield Banc scored higher than 42% of companies evaluated by MarketBeat, and ranked 695th out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Middlefield Banc has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Middlefield Banc has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 3.91%

Earnings Growth

Earnings for Middlefield Banc are expected to grow by 3.91% in the coming year, from $1.79 to $1.86 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Middlefield Banc is 18.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.45.

Price to Earnings Ratio vs. Sector

The P/E ratio of Middlefield Banc is 18.02, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 39.18.

Price to Book Value per Share Ratio

Middlefield Banc has a P/B Ratio of 1.21. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.57% of the outstanding shares of Middlefield Banc have been sold short.

Short Interest Ratio / Days to Cover

Middlefield Banc has a short interest ratio ("days to cover") of 11.5, which indicates bearish sentiment.

Change versus previous month

Short interest in Middlefield Banc has recently decreased by 9.92%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Middlefield Banc pays a meaningful dividend of 2.59%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Middlefield Banc does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Middlefield Banc is 45.45%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Middlefield Banc will have a dividend payout ratio of 43.01% next year. This indicates that Middlefield Banc will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.57% of the outstanding shares of Middlefield Banc have been sold short.

Short Interest Ratio / Days to Cover

Middlefield Banc has a short interest ratio ("days to cover") of 11.5, which indicates bearish sentiment.

Change versus previous month

Short interest in Middlefield Banc has recently decreased by 9.92%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 0.99

News Sentiment

Middlefield Banc has a news sentiment score of 0.99. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.82 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Middlefield Banc this week, compared to 1 article on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Middlefield Banc insiders have bought more of their company's stock than they have sold. Specifically, they have bought $6,036.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 3.81% of the stock of Middlefield Banc is held by insiders.

Percentage Held by Institutions

Only 31.72% of the stock of Middlefield Banc is held by institutions.

MBCN Stock Analysis - Frequently Asked Questions

How have MBCN shares performed this year?

Middlefield Banc's stock was trading at $32.37 on January 1st, 2024. Since then, MBCN stock has decreased by 2.0% and is now trading at $31.72.
View the best growth stocks for 2024 here.

How were Middlefield Banc's earnings last quarter?

Middlefield Banc Corp. (NASDAQ:MBCN) released its quarterly earnings results on Thursday, October, 17th. The bank reported $0.29 EPS for the quarter, missing the consensus estimate of $0.47 by $0.18. The bank had revenue of $16.82 million for the quarter, compared to analyst estimates of $17.10 million. Middlefield Banc had a net margin of 13.31% and a trailing twelve-month return on equity of 6.86%.

When did Middlefield Banc's stock split?

Shares of Middlefield Banc split on Monday, November 11th 2019. The 2-1 split was announced on Wednesday, October 9th 2019. The newly created shares were issued to shareholders after the closing bell on Friday, November 8th 2019. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Who are Middlefield Banc's major shareholders?

Middlefield Banc's top institutional investors include Geode Capital Management LLC (2.05%), State Street Corp (1.27%), Redmont Wealth Advisors LLC (0.31%) and Charles Schwab Investment Management Inc. (0.25%). Insiders that own company stock include Ronald Len Jr Zimmerly, Thomas M Wilson, Michael C Voinovich and Jennifer L Moeller.
View institutional ownership trends.

How do I buy shares of Middlefield Banc?

Shares of MBCN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Middlefield Banc own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Middlefield Banc investors own include Waste Connections (WCN), The RMR Group (RMR), iShares Micro-Cap ETF (IWC), DiamondRock Hospitality (DRH), American Water Works (AWK), AUO (AUOTY) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Ex-Dividend for 9/13 Dividend: 8/30/2024
• Dividend Payable: 9/13/2024
• Last Earnings: 10/17/2024
• Today: 11/23/2024
• Ex-Dividend for 12/13 Dividend: 11/29/2024
• Dividend Payable: 12/13/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/24/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Banking
• Current Symbol: NASDAQ:MBCN
• CUSIP: N/A
• CIK: 836147
• Web: www.middlefieldbank.bank
• Phone: (440) 632-1666
• Fax: N/A
• Employees: 180
• Year Founded: 1901

Price Target and Rating

• Average Stock Price Target: $24.00
• High Stock Price Target: $25.00
• Low Stock Price Target: $23.00
• Potential Upside/Downside: -24.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.76
• Trailing P/E Ratio: 18.02
• Forward P/E Ratio: 17.72
• P/E Growth: N/A
• Net Income: $17.37 million
• Net Margins: 13.31%
• Pretax Margin: 15.69%
• Return on Equity: 6.86%
• Return on Assets: 0.78%

Debt

• Debt-to-Equity Ratio: 0.06
• Current Ratio: 0.97
• Quick Ratio: 0.97

Sales & Book Value

• Annual Sales: $96.99 million
• Price / Sales: 2.64
• Cash Flow: $2.40 per share
• Price / Cash Flow: 13.19
• Book Value: $26.11 per share
• Price / Book: 1.21

Miscellaneous

• Outstanding Shares: 8,070,000
• Free Float: 7,763,000
• Market Cap: $255.98 million
• Optionable: Not Optionable
• Beta: 0.69