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 accepts checking, savings, negotiable order of withdrawal, and money market accounts, as well as time certificates of deposit and IRA accounts. The company offers operational, working capital, term business, residential construction, professional, residential, and mortgage loans; loans to finance capital purchases; selected guaranteed or subsidized loan programs for small businesses; consumer installment loans to purchase automobiles and boats, as well as for home improvement and other personal expenditures; and agricultural loans. It also provides safe deposit facilities, travelers' and official checks, money orders, and ATM services; online banking and bill payment services to individuals; and online cash management services to business customers. In addition, the company resolves and disposes troubled assets in Ohio. As of January 23, 2018, it operated 14 full-service banking centers; an LPL financial brokerage office serving Beachwood, Chardon, Cortland, Dublin, Garrettsville, Mantua, Middlefield, Newbury, Orwell, Solon, Sunbury, Twinsburg, and Westerville; and a loan production office in Mentor, Ohio. Middlefield Banc Corp. was founded in 1901 and is headquartered in Middlefield, Ohio.
Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:MBCN
CUSIPN/A
Phone440-632-1666
Debt
Debt-to-Equity Ratio0.16
Current Ratio1.00
Quick Ratio1.00
Price-To-Earnings
Trailing P/E Ratio15.73
Forward P/E Ratio15.09
P/E GrowthN/A
Sales & Book Value
Annual Sales$48.85 million
Price / Sales3.40
Cash Flow$3.6034 per share
Price / Cash14.32
Book Value$37.25 per share
Price / Book1.39
Profitability
EPS (Most Recent Fiscal Year)$3.28
Net Income$9.45 million
Net Margins19.97%
Return on Equity8.15%
Return on Assets0.89%
Miscellaneous
Employees190
Outstanding Shares3,220,000
Middlefield Banc (NASDAQ:MBCN) Frequently Asked Questions
What is Middlefield Banc's stock symbol?
Middlefield Banc trades on the NASDAQ under the ticker symbol "MBCN."
How often does Middlefield Banc pay dividends? What is the dividend yield for Middlefield Banc?
Middlefield Banc declared a quarterly dividend on Tuesday, May 15th. Stockholders of record on Friday, June 1st will be given a dividend of $0.28 per share on Friday, June 15th. This represents a $1.12 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Thursday, May 31st. View Middlefield Banc's Dividend History.
How were Middlefield Banc's earnings last quarter?
Middlefield Banc Corp (NASDAQ:MBCN) announced its quarterly earnings results on Thursday, April, 19th. The bank reported $0.80 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.88 by $0.08. The bank had revenue of $10.69 million for the quarter, compared to analyst estimates of $10.97 million. Middlefield Banc had a return on equity of 8.15% and a net margin of 19.97%. View Middlefield Banc's Earnings History.
When is Middlefield Banc's next earnings date?
What price target have analysts set for MBCN?
2 brokers have issued 12 month target prices for Middlefield Banc's shares. Their forecasts range from $51.00 to $54.00. On average, they expect Middlefield Banc's share price to reach $52.50 in the next year. View Analyst Ratings for Middlefield Banc.
What are Wall Street analysts saying about Middlefield Banc stock?
Here are some recent quotes from research analysts about Middlefield Banc stock:
- 1. According to Zacks Investment Research, "Middlefield Banc Corp. is a bank holding company for The Middlefield Banking Company. It offers its customers a broad range of banking services, including checking, savings, and negotiable order of withdrawal (NOW) accounts; money market accounts; time certificates of deposit, commercial loans, real estate loans, and various types of consumer loans; safe deposit facilities, and traveller's checks. The Company also offers online banking and bill payment services. Middlefield Banc Corp. is headquartered in Middlefield, Ohio. " (6/21/2018)
- 2. Boenning Scattergood analysts commented, "We believe Middlefield Banc Corp. is poised for strong fundamental performance based on a favorable outlook for organic growth and margin expansion, and an attractive valuation. Management’s dedicated effort to build shareholder value through earnings growth and increased trading volume has been meaningfully positive for the stock. While these outsized benefits may be in the rearview, we are encouraged by the stock’s improved liquidity profile, and believe the company’s position for improving fundamentals will be more accurately reflected going forward. At present, the shares trade at a discount to peers on both forward P/E and price-to-tangible book value. From our perspective, the P/E discount is unwarranted based on the company’s relative outlook for earnings growth. Though we do believe a modest discount on tangible book is appropriate given Middlefield’s comparative return metrics (LTM ROTCE 10.3% vs. 10.9% peer median), we view the current discrepancy in valuation (157% vs." (1/31/2018)
Who are some of Middlefield Banc's key competitors?
Some companies that are related to Middlefield Banc include OFG Bancorp (OFG), Equity BancShares (EQBK), HarborOne Bancorp (HONE), Independent Bank Co.(MI) (IBCP), Mercantile Bank (MBWM), Blue Hills Bancorp (BHBK), First Mid-Illinois Bancshares, Inc. Common Stock (FMBH), Old Line Bancshares, Inc. (MD) (OLBK), Allegiance Bancshares (ABTX), Bank of Marin Bancorp (BMRC), First Community Bancshares (FCBC), First Financial Co. Indiana (THFF), Franklin Financial Network (FSB), Atlantic Capital (ACBI) and RBB Bancorp (RBB).
Who are Middlefield Banc's key executives?
Middlefield Banc's management team includes the folowing people:
- Mr. Thomas G. Caldwell, Pres, CEO & Director (Age 61)
- Mr. Donald L. Stacy, Sr. VP, CFO, Principal Accounting Officer & Treasurer (Age 65)
- Mr. James R. Heslop II, Exec. VP, COO & Director (Age 65)
- Ms. Teresa M. Hetrick, EVP - Operations & Admin. and EVP - Operations & Admin. - Middlefield Bank (Age 55)
- Mr. Andrew M. Berger, Managing Director, SM Berger & Company, Inc.
Has Middlefield Banc been receiving favorable news coverage?
News headlines about MBCN stock have trended somewhat positive on Saturday, Accern reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Middlefield Banc earned a news sentiment score of 0.16 on Accern's scale. They also assigned headlines about the bank an impact score of 46.07 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are Middlefield Banc's major shareholders?
Middlefield Banc's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (3.53%), Siena Capital Partners GP LLC (2.64%), Ancora Advisors LLC (2.03%), Gendell Jeffrey L (0.53%), Wells Fargo & Company MN (0.28%) and Dimensional Fund Advisors LP (0.23%). Company insiders that own Middlefield Banc stock include Clayton W Rose III, Darryl E Mast, Donald L Stacy, Kenneth E Jones and William A Et Al Valerian. View Institutional Ownership Trends for Middlefield Banc.
Which institutional investors are selling Middlefield Banc stock?
MBCN stock was sold by a variety of institutional investors in the last quarter, including Gendell Jeffrey L and BlackRock Inc.. Company insiders that have sold Middlefield Banc company stock in the last year include Kenneth E Jones and William A Et Al Valerian. View Insider Buying and Selling for Middlefield Banc.
Which institutional investors are buying Middlefield Banc stock?
MBCN stock was acquired by a variety of institutional investors in the last quarter, including Ancora Advisors LLC, Siena Capital Partners GP LLC, Dimensional Fund Advisors LP and Wells Fargo & Company MN. Company insiders that have bought Middlefield Banc stock in the last two years include Clayton W Rose III and Darryl E Mast. View Insider Buying and Selling for Middlefield Banc.
How do I buy shares of Middlefield Banc?
Shares of MBCN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Middlefield Banc's stock price today?
One share of MBCN stock can currently be purchased for approximately $51.60.
How big of a company is Middlefield Banc?
Middlefield Banc has a market capitalization of $166.79 million and generates $48.85 million in revenue each year. The bank earns $9.45 million in net income (profit) each year or $3.28 on an earnings per share basis. Middlefield Banc employs 190 workers across the globe.
How can I contact Middlefield Banc?
Middlefield Banc's mailing address is 15985 E HIGH ST, MIDDLEFILED OH, 44062. The bank can be reached via phone at 440-632-1666 or via email at [email protected]
MarketBeat Community Rating for Middlefield Banc (MBCN)
MarketBeat's community ratings are surveys of what our community members think about Middlefield Banc and other stocks. Vote "Outperform" if you believe MBCN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MBCN will underperform the S&P 500 over the long term. You may vote once every thirty days.
