Middlefield Banc Corp. (MBCN)

NASDAQ: MBCN · IEX Real-Time Price · USD
26.80
-0.43 (-1.58%)
Feb 3, 2023, 4:00 PM EST - Market closed
-1.58%
Market Cap 212.88M
Revenue (ttm) 54.15M
Net Income (ttm) 17.01M
Shares Out 7.94M
EPS (ttm) 2.89
PE Ratio 9.27
Forward PE 10.49
Dividend $1.01 (3.77%)
Ex-Dividend Date Dec 1, 2022
Volume 275,047
Open 27.18
Previous Close 27.23
Day's Range 26.78 - 27.45
52-Week Range 23.65 - 30.62
Beta 0.58
Analysts Sell
Price Target 30.60 (+14.18%)
Earnings Date Jan 27, 2023

About MBCN

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 provides 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 offers operational and... [Read more]

Sector Financials
Founded 1901
Employees 185
Stock Exchange NASDAQ
Ticker Symbol MBCN
Full Company Profile

Financial Performance

In 2021, MBCN's revenue was $54.78 million, an increase of 38.54% compared to the previous year's $39.54 million. Earnings were $18.63 million, an increase of 123.18%.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for MBCN stock is "Sell." The 12-month stock price forecast is $30.6, which is an increase of 14.18% from the latest price.

Price Target
$30.6
(14.18% upside)
Analyst Consensus: Sell
Stock Forecasts

News

Middlefield Banc Corp. Reports 2022 Full Year Financial Results

MIDDLEFIELD, Ohio, Jan. 27, 2023 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today reported financial results for the three and twelve-months ended December 31, 2022.

1 week ago - GlobeNewsWire

Middlefield Banc Corp. Announces Completion of Liberty Bancshares, Inc. Merger

Ronald L. Zimmerly, Jr. appointed as President of  Middlefield Banc Corp. and The Middlefield Banking Company

2 months ago - GlobeNewsWire

Middlefield Banc Corp. Announces a 17.6% Increase in the 2022 Fourth Quarter Cash Dividend Payment and Declares a $0.10 Special Cash Dividend Payment

MIDDLEFIELD, Ohio, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today announced that as a result of the Company's strong 2022 financial results and performance, the Company'...

2 months ago - GlobeNewsWire

Middlefield Banc Corp. Receives Shareholder Approval for Merger with Liberty Bancshares, Inc.

MIDDLEFIELD, Ohio, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (“Middlefield”, or the “Company”) (NASDAQ: MBCN), the bank holding company for The Middlefield Banking Company, announced to...

3 months ago - GlobeNewsWire

Middlefield Banc Corp. Announces Adjournment of Special Meeting of Shareholders Until November 8, 2022

MIDDLEFIELD, Ohio, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (“Middlefield”, or the “Company”) (NASDAQ: MBCN), the bank holding company for The Middlefield Banking Company, announced th...

3 months ago - GlobeNewsWire

Middlefield Banc Corp. Receives Regulatory Approvals and Favorable Recommendation from ISS

MIDDLEFIELD, Ohio, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (“Middlefield” or the “Company”) (NASDAQ: MBCN), the bank holding company for The Middlefield Banking Company, today announc...

3 months ago - GlobeNewsWire

Middlefield Banc Corp. Reports 2022 Nine Month Financial Results

MIDDLEFIELD, Ohio, Oct. 18, 2022 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today reported financial results for the three and nine months ended September 30, 2022.

3 months ago - GlobeNewsWire

Middlefield Banc Corp. Announces 2022 Third Quarter Cash Dividend Payment

MIDDLEFIELD, Ohio, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today announced that the Company's Board of Directors declared a quarterly cash dividend of $0.17 per common ...

6 months ago - GlobeNewsWire

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

Middlefield Banc Corp. (MBCN) delivered earnings and revenue surprises of 4.48% and 1.60%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

7 months ago - Zacks Investment Research

Middlefield Banc Corp. Reports 2022 First Half Financial Results

MIDDLEFIELD, Ohio, July 18, 2022 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) reported financial results for the 2022 first half and second quarter ended June 30, 2022.

7 months ago - GlobeNewsWire

LIBERTY BANCSHARES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Liberty Bancshares, Inc. - LBSI

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Liberty Bancsh...

8 months ago - Business Wire

Middlefield Banc Corp. (MBCN) Moves to Buy: Rationale Behind the Upgrade

Middlefield Banc Corp. (MBCN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

8 months ago - Zacks Investment Research

Middlefield Banc Corp. and Liberty Bancshares, Inc. Announce Merger

Increases Middlefield's asset base approximately 33% to $1.8 billion Expected to be accretive to earnings per share in year one Earn back of tangible book value dilution in approximately three years

9 months ago - GlobeNewsWire

Michael C. Ranttila Promoted to Vice President of Finance of Middlefield Banc Corp.

MIDDLEFIELD, Ohio, May 12, 2022 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today announced that Michael C. Ranttila has been promoted to Vice President of Finance of Middlefield Banc Co...

9 months ago - GlobeNewsWire

Middlefield Banc Corp. Announces 2022 Second Quarter Cash Dividend Payment

MIDDLEFIELD, Ohio, May 10, 2022 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today announced that the Company's Board of Directors declared a quarterly cash dividend of $0.17 per common s...

9 months ago - GlobeNewsWire

Middlefield Banc Corp. (MBCN) Surpasses Q1 Earnings Estimates

Middlefield Banc Corp. (MBCN) delivered earnings and revenue surprises of 8.33% and 0.23%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

10 months ago - Zacks Investment Research

Middlefield Banc Corp. Reports 2022 First Quarter Financial Results

MIDDLEFIELD, Ohio, April 21, 2022 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today reported financial results for the 2022 first quarter ended March 31, 2022.

10 months ago - GlobeNewsWire

Ancora Issues Open Letter to Middlefield Banc Corp. Shareholders

CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (together with its affiliates, “Ancora” or “we”), the largest shareholder of Middlefield Banc Corp. (NASDAQ: MBCN) (“MBCN,” the "Bank" or the “Co...

10 months ago - Business Wire

The Middlefield Banking Company Announces Promotions

Alfred F. Thompson Jr. Promoted to Executive Vice President/Chief Credit Officer Courtney Erminio Promoted to Executive Vice President/Chief Risk Officer

10 months ago - GlobeNewsWire

Middlefield Banc Corp. Announces Leadership Transition

James R. Heslop, II Appointed President and Chief Executive Officer Thomas G. Caldwell to Retire as President, Chief Executive Officer and Director on March 31, 2022

1 year ago - GlobeNewsWire

Middlefield Banc Corp. Announces 2022 First-Quarter Cash Dividend Payment and Increases Share Repurchase Program

MIDDLEFIELD, Ohio, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today announced its Board of Directors declared a quarterly cash dividend of $0.17 per common share. The firs...

1 year ago - GlobeNewsWire

Middlefield Banc Corp. Reports 2021 Full Year Financial Results

MIDDLEFIELD, Ohio, Jan. 25, 2022 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today reported financial results for the three and twelve months ended December 31, 2021.

1 year ago - GlobeNewsWire

Middlefield Banc Corp. Expands Digital Capabilities

New products leverage growing customer engagement for digital banking services New products leverage growing customer engagement for digital banking services

1 year ago - GlobeNewsWire

Best Income Stocks to Buy for November 30th

RGP, PSX, and MBCN made it to the Zacks Rank #1 (Strong Buy) income stocks list on November 30, 2021.

Other symbols: PSXRGP
1 year ago - Zacks Investment Research

Recent Price Trend in Middlefield Banc Corp. (MBCN) is Your Friend, Here's Why

If you are looking for stocks that are well positioned to maintain their recent uptrend, Middlefield Banc Corp. (MBCN) could be a great choice. It is one of the several stocks that passed through our ...

1 year ago - Zacks Investment Research