Middlefield Banc Stock Price, News & Analysis (NASDAQ:MBCN)

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Middlefield Banc in the last year. There are currently 3 hold ratings 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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3 equities research analysts have issued 1 year price objectives for Middlefield Banc's stock. Their MBCN share price targets range from $29.00 to $29.00. On average, they predict the company's share price to reach $29.00 in the next twelve months. This suggests a possible upside of 2.3% from the stock's current price.
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Middlefield Banc's stock was trading at $27.40 at the beginning of 2023. Since then, MBCN shares have increased by 3.5% and is now trading at $28.35.
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The company is scheduled to release its next quarterly earnings announcement on Friday, January 26th 2024.
View our MBCN earnings forecast.

Middlefield Banc Corp. (NASDAQ:MBCN) announced its quarterly earnings data on Monday, October, 23rd. The bank reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.58 by $0.11. The bank earned $24.89 million during the quarter, compared to analysts' expectations of $18.25 million. Middlefield Banc had a trailing twelve-month return on equity of 9.73% and a net margin of 19.26%.

Middlefield Banc announced a None dividend on Monday, November 13th. Investors of record on Friday, December 1st will be given a dividend of $0.25 per share on Friday, December 15th. This represents a yield of 2.8%. The ex-dividend date of this dividend is Thursday, November 30th.
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 2.75%. 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 35.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MBCN will have a dividend payout ratio of 42.11% 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 Monday, November 11th 2019. The 2-1 split was announced on Wednesday, October 9th 2019. The newly minted shares were distributed to shareholders after the market closes 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's stock is owned by a number of institutional and retail investors. Top institutional investors include Northern Trust Corp (0.76%), Huntington National Bank (0.42%), Redmont Wealth Advisors LLC (0.40%), John G Ullman & Associates Inc. (0.22%), Ancora Advisors LLC (0.19%) and YHB Investment Advisors Inc. (0.10%). Insiders that own company stock include Jennifer L Moeller and Michael C Voinovich.
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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