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Middlefield Banc Corp. (MBCN)

NASDAQ: MBCN · Delayed Price · USD
23.72 0.25 (1.07%)
Sep 24, 2021 4:00 PM EDT - Market closed
Market Cap145.75M
Revenue (ttm)46.69M
Net Income (ttm)12.93M
Shares Out6.13M
EPS (ttm)2.03
PE Ratio11.70
Forward PE11.43
Dividend$0.62 (2.61%)
Ex-Dividend DateSep 2, 2021
Volume26,788
Open23.96
Previous Close23.47
Day's Range23.59 - 23.78
52-Week Range17.61 - 26.00
Beta0.87
AnalystsHold
Price Target25.50 (+7.5%)
Est. Earnings DateOct 15, 2021

About MBCN

Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the bank holding company of The Middlefield Banking Company with total assets of $1.39 billion at March 31, 2021. The bank operates 16 full-service banking centers and an LPL Financial® brokerage office serving Beachwood, Chardon, Cortland, Dublin, Garrettsville, Mantua, Middlefield, Newbury, Orwell, Plain City, Powell, Solon, Sunbury, Twinsburg, and Westerville. The Bank also operates a Loan Production Office in Mentor, Ohio. Additional information is available at www.middlefieldb...

IndustryBanks
Founded1901
Employees184
Stock ExchangeNASDAQ
Ticker SymbolMBCN
Full Company Profile

Financial Performance

In 2020, MBCN's revenue was $39.54 million, a decrease of -12.79% compared to the previous year's $45.34 million. Earnings were $8.35 million, a decrease of -34.32%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for MBCN stock is "Hold." The 12-month stock price forecast is 25.50, which is an increase of 7.50% from the latest price.

Price Target
$25.50
(7.50% upside)
Analyst Consensus: Hold

News

The Middlefield Banking Company Celebrates 120th Year Anniversary

MIDDLEFIELD, Ohio--(BUSINESS WIRE)--Middlefield Banc Corp. (NASDAQ: MBCN) is proud to celebrate the 120th anniversary of The Middlefield Banking Company this year. The Middlefield Banking Company opened...

1 week ago - Business Wire

Middlefield Banc Corp. Increases Share Repurchase Program

MIDDLEFIELD, Ohio, Aug. 13, 2021 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today announced its Board of Directors approved additional share repurchase capacity for the Company's repurcha...

1 month ago - GlobeNewsWire

Middlefield Banc Corp. Announces 2021 Third Quarter Cash Dividend Payment

MIDDLEFIELD, Ohio, Aug. 10, 2021 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today announced that the Company's Board of Directors declared a quarterly cash dividend of $0.16 per common sh...

1 month ago - GlobeNewsWire

Middlefield Banc Corp. (MBCN) Q2 Earnings and Revenues Top Estimates

Middlefield Banc Corp. (MBCN) delivered earnings and revenue surprises of 37.25% and 6.44%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Recap: Middlefield Banc Q2 Earnings

Shares of Middlefield Banc (NASDAQ:MBCN) fell 0.3% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share increased 52.17% over the past year to $0.70, which b...

2 months ago - Benzinga

Middlefield Banc Corp. Reports Record 2021 First Half Financial Results

MIDDLEFIELD, Ohio, July 16, 2021 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today reported financial results for the 2021 first half and second quarter ended June 30, 2021.

2 months ago - GlobeNewsWire

Middlefield Banc Corp. Announces CEO Retirement and Succession Plan

Thomas G. Caldwell to Retire on March 31, 2022 Internal and External Search Underway as Part of Existing Succession Plan

3 months ago - GlobeNewsWire

Middlefield Banc Corp. Announces 2021 Second Quarter Cash Dividend Payment

MIDDLEFIELD, Ohio, May 11, 2021 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today announced that the Company's Board of Directors declared a quarterly cash dividend of $0.16 per common sha...

4 months ago - GlobeNewsWire

Middlefield Banc Corp. (MBCN) Q1 Earnings and Revenues Top Estimates

Middlefield Banc Corp. (MBCN) delivered earnings and revenue surprises of 8.33% and 8.59%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

Middlefield Banc: Q1 Earnings Insights

Shares of Middlefield Banc (NASDAQ:MBCN) fell after the company reported Q1 results. Quarterly Results Earnings per share increased 306.25% year over year to $0.65, which beat the estimate of $0.57.

5 months ago - Benzinga

Middlefield Banc Corp. Reports 2021 First Quarter Financial Results

MIDDLEFIELD, Ohio, April 20, 2021 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today reported financial results for the 2021 first quarter ended March 31, 2021.

5 months ago - GlobeNewsWire

Middlefield Banc Corp. (MBCN) to Report Q1 Results: Wall Street Expects Earnings Growth

Middlefield Banc Corp. (MBCN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

5 months ago - Zacks Investment Research

Top Ranked Income Stocks to Buy for March 22nd

Top Ranked Income Stocks to Buy for March 22nd

Other symbols:BMOCZNCOPBK
6 months ago - Zacks Investment Research

Recap: Middlefield Banc Q4 Earnings

Shares of Middlefield Banc (NASDAQ:MBCN) were unchanged after the company reported Q4 results. Quarterly Results Earnings per share decreased 20.41% over the past year to $0.39, which missed the estimat...

7 months ago - Benzinga

Middlefield Banc (MBCN) Reinstates & Increases ShareBuyback

Middlefield Banc (MBCN) rewards shareholders with the resumption and increase of the share-buyback plan that was suspended earlier due to the pandemic.

10 months ago - Zacks Investment Research

Middlefield Banc Corp. Announces Resumption of Share Repurchase Program and Increases Repurchase Authorization

MIDDLEFIELD, Ohio, Nov. 13, 2020 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today announced the resumption and increase of the Company's stock repurchase program (the “Program”).

10 months ago - GlobeNewsWire

Middlefield Banc Corp. Announces 2020 Fourth Quarter Cash Dividend Payment

MIDDLEFIELD, Ohio, Nov. 10, 2020 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today announced that the Company's Board of Directors declared a quarterly cash dividend of $0.15 per common sh...

10 months ago - GlobeNewsWire

Recap: Middlefield Banc Q3 Earnings

Shares of Middlefield Banc (NASDAQ:MBCN) were falt in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share decreased 71.29% year over year to $0.29, which misse...

11 months ago - Benzinga

Middlefield Banc Corp. Reports 2020 Nine Month Financial Results

MIDDLEFIELD, Ohio, Oct. 21, 2020 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today reported financial results for the three and nine months ended September 30, 2020.

11 months ago - GlobeNewsWire

Middlefield Banc Corp. Announces 2020 Third Quarter Cash Dividend Payment

MIDDLEFIELD, Ohio, Aug. 11, 2020 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today announced that the Company’s Board of Directors declared a quarterly cash dividend of $0.15 per common ...

1 year ago - GlobeNewsWire

Middlefield Banc: Q2 Earnings Insights

Shares of Middlefield Banc (NASDAQ:MBCN) were flat in pre-market trading after the company reported Q2 results.

1 year ago - Benzinga

Middlefield Banc Corp. Reports 2020 First Half Financial Results

MIDDLEFIELD, Ohio, July 22, 2020 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today reported financial results for the 2020 first half and second quarter ended June 30, 2020.

1 year ago - GlobeNewsWire

Gary C. Kern Joins The Middlefield Banking Company as Chief Information Officer

MIDDLEFIELD, Ohio, June 30, 2020 (GLOBE NEWSWIRE) -- The Middlefield Banking Company (NASDAQ: MBCN) today announced that Gary C. Kern has joined the Company as Chief Information Officer. In this posit...

1 year ago - GlobeNewsWire

Middlefield Banc Corp. Secures $138 Million in Paycheck Protection Program Loans for 1,259 Ohio-based Small Businesses

Middlefield’s Efforts Helped Save Over 12,000 Jobs During Crisis Middlefield’s Efforts Helped Save Over 12,000 Jobs During Crisis

1 year ago - GlobeNewsWire

Middlefield Banc Corp. Joins Russell 3000® Index

MIDDLEFIELD, Ohio, June 22, 2020 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) is set to join the broad-market Russell 3000® Index at the conclusion of the 2020 Russell indexes annual reco...

1 year ago - GlobeNewsWire