Middlefield Banc (MBCN) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Middlefield Banc in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MBCN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MBCN, but not buy additional shares or sell existing shares.
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Middlefield Banc's stock was trading at $27.40 at the beginning of the year. Since then, MBCN shares have increased by 1.0% and is now trading at $27.68.
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Middlefield Banc saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 39,300 shares, a decrease of 46.0% from the April 30th total of 72,800 shares. Based on an average daily volume of 15,800 shares, the days-to-cover ratio is currently 2.5 days.
View Middlefield Banc's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, July 17th 2023.
View our MBCN earnings forecast.

Middlefield Banc Corp. (NASDAQ:MBCN) posted its quarterly earnings data on Monday, April, 24th. The bank reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by $0.04. The bank had revenue of $21.98 million for the quarter, compared to analyst estimates of $18.50 million. Middlefield Banc had a net margin of 23.92% and a trailing twelve-month return on equity of 11.45%.

Middlefield Banc declared a quarterly dividend on Monday, May 8th. Investors of record on Friday, June 2nd will be paid a dividend of $0.20 per share on Thursday, June 15th. This represents a $0.80 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, June 1st.
Read our dividend analysis for MBCN.

Middlefield Banc (NASDAQ:MBCN) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.99%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MBCN will have a dividend payout ratio of 33.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MBCN.

Middlefield Banc's stock split on the morning of Monday, November 11th 2019. The 2-1 split was announced on Wednesday, October 9th 2019. The newly issued shares were distributed 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.

1 employees have rated Middlefield Banc Chief Executive Officer Thomas G. Caldwell on Glassdoor.com. Thomas G. Caldwell has an approval rating of 100% among the company's employees. This puts Thomas G. Caldwell in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Middlefield Banc investors own include Canadian Imperial Bank of Commerce (CM), General Motors (GM), Wells Fargo & Company (WFC), AbbVie (ABBV), Algonquin Power & Utilities (AQN), BCE (BCE), Franklin Resources (BEN), Bank of Nova Scotia (BNS), British American Tobacco (BTI) and Carnival Co. & (CCL).

Middlefield Banc trades on the NASDAQ under the ticker symbol "MBCN."

Middlefield Banc's stock is owned by a number of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (1.05%), BlackRock Inc. (0.96%), Geode Capital Management LLC (0.88%), Susquehanna International Group LLP (0.63%), Ancora Advisors LLC (0.50%) and Renaissance Technologies LLC (0.49%).
View institutional ownership trends.

Shares of MBCN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MBCN stock can currently be purchased for approximately $27.68.

Middlefield Banc (NASDAQ:MBCN) has a market capitalization of $223.93 million and generates $61.65 million in revenue each year. The bank earns $15.67 million in net income (profit) each year or $2.56 on an earnings per share basis.

The company employs 185 workers across the globe.

Middlefield Banc's mailing address is 15985 E HIGH ST, MIDDLEFILED OH, 44062. The official website for the company is www.middlefieldbank.bank. The bank can be reached via phone at (440) 632-1666 or via email at investors@middlefieldbank.com.