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
Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:MBCN
CUSIPN/A
Phone440-632-1666
Debt
Debt-to-Equity Ratio0.15
Current Ratio0.99
Quick Ratio0.99
Price-To-Earnings
Trailing P/E Ratio15.38
Forward P/E Ratio13.64
P/E GrowthN/A
Sales & Book Value
Annual Sales$48.85 million
Price / Sales3.34
Cash Flow$3.6165 per share
Price / Cash13.95
Book Value$37.25 per share
Price / Book1.35
Profitability
EPS (Most Recent Fiscal Year)$3.28
Net Income$9.45 million
Net Margins20.64%
Return on Equity8.55%
Return on Assets0.92%
Miscellaneous
Employees190
Outstanding Shares3,230,000
Market Cap$163.05 million
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 announced a quarterly dividend on Tuesday, August 14th. Investors of record on Saturday, September 1st will be paid a dividend of $0.28 per share on Friday, September 14th. This represents a $1.12 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Thursday, August 30th. View Middlefield Banc's Dividend History.
How were Middlefield Banc's earnings last quarter?
Middlefield Banc Corp (NASDAQ:MBCN) posted its quarterly earnings data on Thursday, July, 19th. The bank reported $0.96 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.85 by $0.11. The bank earned $10.85 million during the quarter, compared to analysts' expectations of $10.98 million. Middlefield Banc had a net margin of 20.64% and a return on equity of 8.55%. 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 price objectives for Middlefield Banc's shares. Their predictions range from $51.00 to $54.00. On average, they anticipate Middlefield Banc's stock price to reach $52.50 in the next twelve months. This suggests a possible upside of 4.1% from the stock's current price. View Analyst Price Targets for Middlefield Banc.
What is the consensus analysts' recommendation for Middlefield Banc?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Middlefield Banc in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." 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. " (7/26/2018)
- 2. Boenning Scattergood analysts commented, "We believe MBCN shares present investors with an opportunity to gain exposure to a bank with steady organic growth, proven credit discipline, and prudent expense control, at an attractive valuation. Management’s dedicated effort to build shareholder value through geographic expansion, strategic acquisitions, and increased visibility within the investor community has meaningfully impacted the stock’s performance. While these outsized benefits are likely in the rearview, we remain attracted to Middlefield’s combination of strong fundamentals and the stock’s improved liquidity profile. The shares trade at a discount to peers on both 2018 P/E (12.6x vs. 14.8x), and price-to-tangible book (149% vs. 203%). From our perspective, both discounts are unwarranted based on the company’s favorable outlook for earnings growth and in-line return metrics (10.4% LTM ROTCE)." (7/20/2018)
Who are some of Middlefield Banc's key competitors?
Some companies that are related to Middlefield Banc include Fidelity Southern (LION), Heritage Commerce (HTBK), First Mid-Illinois Bancshares, Inc. Common Stock (FMBH), First Financial (THFF), Bank of Marin Bancorp (BMRC), HarborOne Bancorp (HONE), Equity BancShares (EQBK), Luther Burbank (LBC), Allegiance Bancshares (ABTX), Independent Bank Co.(MI) (IBCP), Old Line Bancshares, Inc. (MD) (OLBK), Mercantile Bank (MBWM), Blue Hills Bancorp (BHBK), Franklin Financial Network (FSB) and First Community Bancshares (FCBC).
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 & Treasurer (Age 65)
- Mr. James R. Heslop II, Exec. VP, COO & Director (Age 65)
- Ms. Teresa M. Hetrick, Exec. VP of Operations & Admin. and Assistant Sec. (Age 55)
- Mr. Andrew M. Berger, Managing Director, SM Berger & Company, Inc.
Has Middlefield Banc been receiving favorable news coverage?
Press coverage about MBCN stock has been trending somewhat positive on Saturday, Accern reports. Accern rates the sentiment of news coverage by reviewing more than 20 million blog and news 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 media and rumor sentiment score of 0.03 on Accern's scale. They also gave media headlines about the bank an impact score of 45.46 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term. View Recent Headlines for Middlefield Banc.
Who are Middlefield Banc's major shareholders?
Middlefield Banc's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (4.30%), Carnegie Capital Asset Management LLC (3.10%), PNC Financial Services Group Inc. (0.81%), Dimensional Fund Advisors LP (0.76%), Renaissance Technologies LLC (0.65%) and Martingale Asset Management L P (0.43%). Company insiders that own Middlefield Banc stock include Clayton W Rose III, Darryl E Mast, Donald L Stacy, Kenneth E Jones, William A Et Al Valerian and William J Skidmore. 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 PNC Financial Services Group Inc. and John W. Rosenthal Capital Management Inc.. Company insiders that have sold Middlefield Banc company stock in the last year include Kenneth E Jones, William A Et Al Valerian and William J Skidmore. View Insider Buying and Selling for Middlefield Banc.
Which institutional investors are buying Middlefield Banc stock?
MBCN stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Dimensional Fund Advisors LP, Renaissance Technologies LLC, Martingale Asset Management L P, Carnegie Capital Asset Management LLC, Bessemer Group Inc. and Schwab Charles Investment Management Inc.. 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 $50.45.
How big of a company is Middlefield Banc?
Middlefield Banc has a market capitalization of $163.05 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 EAST HIGH STREET, 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 (NASDAQ 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.
