MBCN - Middlefield Banc Corp Stock Price, Fair Value and News

21.75USD-0.05 (-0.23%)Market Closed

Market Summary

USD21.75-0.05

Market Closed

-0.23%

MBCN Stock Price

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MBCN RSI Chart

MBCN Valuation

Market Cap

175.5M

Price/Earnings (Trailing)

10.11

Price/Sales (Trailing)

1.94

EV/EBITDA

Price/Free Cashflow

8.26

MBCN Price/Sales (Trailing)

MBCN Profitability

EBT Margin

22.98%

Return on Equity

8.44%

Return on Assets

0.95%

Free Cashflow Yield

12.11%

MBCN Fundamentals

MBCN Revenue

Revenue (TTM)

90.3M

Rev. Growth (Yr)

48.17%

Rev. Growth (Qtr)

4.42%

MBCN Earnings

Earnings (TTM)

17.4M

Earnings Growth (Yr)

1.19%

Earnings Growth (Qtr)

-7.63%

Breaking Down MBCN Revenue

Last 7 days

-2.4%

Last 30 days

-9%

Last 90 days

-26.8%

Trailing 12 Months

-19.4%

How does MBCN drawdown profile look like?

MBCN Financial Health

MBCN Investor Care

Dividend Yield

3.91%

Dividend/Share (TTM)

0.85

Buy Backs (1Y)

0.24%

Diluted EPS (TTM)

2.14

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	62.9M	73.0M	82.5M	90.3M
2022	51.5M	51.3M	51.5M	54.9M
2021	52.8M	52.6M	52.5M	52.3M
2020	54.0M	53.5M	53.1M	52.6M
2019	51.9M	53.5M	54.5M	54.5M
2018	45.7M	47.0M	48.5M	50.4M
2017	32.8M	36.3M	40.3M	44.0M
2016	28.9M	29.2M	29.5M	30.0M
2015	27.9M	28.1M	28.3M	28.6M
2014	28.2M	28.1M	27.9M	27.9M
2013	28.5M	28.3M	28.1M	28.2M
2012	29.6M	29.4M	29.2M	28.7M
2011	29.5M	29.6M	29.8M	29.7M
2010	0	27.1M	28.1M	29.1M
2009	0	0	0	26.1M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Middlefield Banc Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Feb 23, 2024	erminio courtney m	acquired	25,320	24.3	1,042	evp/chief risk officer
Feb 23, 2024	erminio courtney m	sold (taxes)	-9,744	24.3	-401	evp/chief risk officer
Feb 23, 2024	ranttila michael	acquired	45,246	24.3	1,862	evp/cfo
Feb 23, 2024	ranttila michael	sold (taxes)	-18,443	24.3	-759	evp/cfo
Feb 14, 2024	moeller jennifer l	bought	6,650	23.75	280	-
Feb 05, 2024	voinovich michael c	bought	25,750	25.75	1,000	-
Feb 02, 2024	voinovich michael c	bought	26,670	26.67	1,000	-
Jan 02, 2024	jones kenneth e	acquired	7,768	32.37	240	-
Jan 02, 2024	mccaskey james j	acquired	7,768	32.37	240	-
Jan 02, 2024	digeronimo kevin a	acquired	7,768	32.37	240	-

Which funds bought or sold MBCN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 25, 2024	Bank of New York Mellon Corp	reduced	-5.72	-353,876	808,395	-%
Apr 24, 2024	Cambridge Investment Research Advisors, Inc.	sold off	-100	-245,000	-	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-61.37	-16,000	6,000	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	29,447	136,957	-%
Apr 19, 2024	REDMONT WEALTH ADVISORS LLC	added	14.23	-142,700	764,566	1.06%
Apr 18, 2024	Allspring Global Investments Holdings, LLC	sold off	-100	-291	-	-%
Apr 16, 2024	Stratos Investment Management, LLC	unchanged	-	-334,539	940,968	0.09%
Apr 05, 2024	CWM, LLC	new	-	-	-	-%
Apr 05, 2024	GAMMA Investing LLC	reduced	-70.48	-8,456	3,081	-%
Mar 11, 2024	VANGUARD GROUP INC	added	0.82	2,740,170	12,378,700	-%

Are Funds Buying or Selling MBCN?

Are funds buying MBCN calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MBCN

No. of Funds

Unveiling Middlefield Banc Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Jan 29, 2024	blackrock inc.	6.0%	484,202	SC 13G
Jan 05, 2023	ancora advisors, llc	4.35%	365,744	SC 13D
Dec 09, 2022	castle creek capital partners vi, lp	6.7%	56	SC 13D
Apr 18, 2022	ancora advisors, llc	7.82%	459,694	SC 13D/A
Nov 10, 2021	ancora advisors, llc	7.56%	464,479	SC 13D
Nov 01, 2021	ancora advisors, llc	6.81%	418,374	SC 13D

Recent SEC filings of Middlefield Banc Corp

View All Filings

Date Filed	Form Type	Document
Apr 05, 2024	DEF 14A	DEF 14A
Apr 04, 2024	ARS	ARS
Mar 28, 2024	10-K	Annual Report
Mar 28, 2024	8-K	Current Report
Mar 13, 2024	8-K	Current Report
Mar 12, 2024	3/A	Insider Trading
Mar 08, 2024	8-K	Current Report
Feb 29, 2024	4	Insider Trading
Feb 29, 2024	4	Insider Trading
Feb 14, 2024	3	Insider Trading

Peers (Alternatives to Middlefield Banc Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	557.3B	171.1B	-3.02%	41.18%	11.25	3.26	60.72%	31.52%
BAC	297.7B	130.3B	-	30.88%	11.23	2.29	79.51%	-3.68%
WFC	214.3B	85.7B	3.98%	51.03%	11.19	2.5	41.49%	39.96%
C	119.7B	133.3B	-0.18%	34.65%	12.97	0.9	79.09%	-
CFG	16.1B	10.2B	-1.93%	16.75%	10.02	1.58	44.53%	-22.43%
KEY	13.7B	7.9B	-6.07%	34.16%	14.19	1.73	46.47%	-49.56%
MID-CAP
CMA	6.9B	4.2B	-4.02%	25.94%	9.92	1.62	34.68%	-45.96%
ZION	6.2B	3.9B	-3.20%	57.15%	9.1	1.57	45.91%	-25.03%
ABCB	3.3B	1.3B	-0.60%	41.74%	12.27	2.58	43.24%	-22.35%
ASB	3.3B	2.0B	1.46%	20.10%	17.81	1.66	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	400.7M	164.9M	-6.54%	37.44%	34.26	2.43	42.66%	-70.76%
AROW	378.6M	162.6M	-8.08%	4.96%	12.59	2.33	25.39%	-38.37%
ACNB	280.5M	96.6M	-10.60%	4.96%	8.85	2.9	11.02%	-11.37%
ASRV	45.1M	60.9M	-2.95%	-12.04%	-13.48	0.74	24.06%	-144.92%

Middlefield Banc Corp News

Latest updates

Middlefield Banc Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	4.4%	24.00	23.00	23.00	20.00	16.00	14.00	13.00	12.00	13.00	13.00	13.00	13.00	13.00	14.00	13.00	13.00	13.00	14.00	14.00	13.00	13.00
EBITDA Margin	-8.9%	0.95*	1.04*	1.14*	1.22*	1.28*	1.36*	1.38*	1.39*	1.38*	1.31*	1.21*	1.14*	-	-	-	-	-	-	-	-	-
Interest Expenses	-3.7%	15.00	16.00	17.00	17.00	14.00	13.00	12.00	11.00	12.00	12.00	12.00	12.00	11.00	11.00	11.00	10.00	10.00	11.00	10.00	10.00	10.00
Income Taxes	0.9%	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	1.00	0.00	1.00	1.00	1.00	1.00	1.00
Earnings Before Taxes	-6.3%	4.00	5.00	6.00	6.00	4.00	5.00	5.00	5.00	6.00	6.00	5.00	5.00	3.00	2.00	4.00	1.00	4.00	4.00	4.00	4.00	4.00
EBT Margin	-8.2%	0.23*	0.25*	0.29*	0.32*	0.34*	0.40*	0.42*	0.43*	0.43*	0.38*	0.30*	0.26*	-	-	-	-	-	-	-	-	-
Net Income	-7.6%	4.00	4.00	5.00	5.00	4.00	4.00	4.00	4.00	5.00	5.00	4.00	4.00	2.00	2.00	3.00	1.00	3.00	3.00	3.00	3.00	3.00
Net Income Margin	-8.5%	0.19*	0.21*	0.24*	0.27*	0.29*	0.33*	0.35*	0.36*	0.36*	0.31*	0.25*	0.22*	-	-	-	-	-	-	-	-	-
Free Cashflow	236.7%	8.00	2.00	5.00	6.00	6.00	6.00	4.00	2.00	4.00	5.00	4.00	3.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	1.6%	1,823	1,793	1,752	1,728	1,688	1,351	1,293	1,323	1,331	1,366	1,360	1,388	1,392	1,365	1,343	1,214	1,182	1,281	1,288	1,281	1,248
Cash Equivalents	-	4.00	-	-	-	0.00	-	-	-	1.00	-	-	-	1.00	-	-	55.00	3.00	120	135	121	2.00
Net PPE	-1.7%	21.00	22.00	22.00	22.00	22.00	16.00	17.00	17.00	17.00	18.00	18.00	18.00	18.00	19.00	19.00	18.00	18.00	17.00	17.00	16.00	13.00
Goodwill	0.4%	36.00	36.00	36.00	32.00	32.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00
Liabilities	1.1%	1,617	1,600	1,554	1,533	1,490	1,228	1,165	1,186	1,186	1,220	1,214	1,243	1,248	1,223	1,203	1,081	1,045	1,145	1,154	1,149	1,120
Short Term Borrowings	-	163	-	-	-	65.00	80.00	-	-	-	-	-	-	-	-	20.00	60.00	5.00	92.00	85.00	91.00	90.00
Shareholder's Equity	6.2%	206	194	197	195	198	123	128	138	145	146	146	145	144	142	141	133	138	136	134	132	128
Retained Earnings	1.5%	100	99.00	97.00	93.00	94.00	93.00	90.00	87.00	84.00	80.00	76.00	73.00	70.00	68.00	67.00	65.00	65.00	63.00	61.00	58.00	56.00
Shares Outstanding	0.0%	8.00	8.00	8.00	8.00	8.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	215	-	-	-	140	-	-	-	140	-	-	-	125	-	-	-	124	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	177.2%	7,739	2,792	5,387	6,438	5,857	5,949	4,019	2,462	4,139	4,810	3,704	2,769	9,447	3,082	-427	2,980	3,746	4,803	4,229	681	5,916
Cashflow From Investing	34.7%	-24,955	-38,233	-32,336	-31,018	31,813	-17,590	-10,477	-12,356	22,425	34,775	22,583	-8,897	19,763	-22,651	-114,128	-18,309	12,982	-7,580	6,440	-11,566	-16,511
Cashflow From Financing	-70.0%	12,550	41,867	19,368	37,428	-112,438	61,065	-22,667	-1,322	-39,421	297	-34,291	-5,816	30,226	14,264	117,508	35,549	-101,640	-12,580	3,668	23,997	36,577
Dividend Payments	25.0%	2,023	1,619	1,617	1,605	2,514	983	993	1,000	1,242	978	1,004	1,016	957	957	956	964	964	900	912	909	908
Buy Backs	-	-	-	-	4,506	2,477	1,220	1,603	819	4,167	3,932	3,081	1,111	-	-	-	1,191	-	1,523	-	-	-

MBCN Income Statement

2023-12-31

Consolidated Income Statement - USD ($)

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

INTEREST AND DIVIDEND INCOME

Interest and fees on loans

$ 81,963,000

$ 48,513,000

Interest-earning deposits in other institutions

1,289,000

472,000

Federal funds sold

771,000

219,000

Investment securities:

Taxable interest

1,893,000

1,811,000

Tax-exempt interest

3,914,000

3,707,000

Dividends on stock

471,000

184,000

Total interest and dividend income

90,301,000

54,906,000

INTEREST EXPENSE

Deposits

18,995,000

4,018,000

Short-term borrowings

5,386,000

307,000

Other borrowings

717,000

404,000

Total interest expense

25,098,000

4,729,000

NET INTEREST INCOME

65,203,000

50,177,000

Provision for credit losses

3,002,000

NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES

62,201,000

50,177,000

NONINTEREST INCOME

Loss on equity securities

^[1]

(161,000)

(173,000)

Loss on other real estate owned

^[1]

(170,000)

Earnings on bank-owned life insurance

^[1]

823,000

459,000

Gain on sale of loans

^[1]

97,000

24,000

Revenue from investment services

743,000

674,000

Gross rental income

^[1]

421,000

951,000

Total noninterest income

6,691,000

6,746,000

NONINTEREST EXPENSE

Salaries and employee benefits

24,511,000

17,548,000

Occupancy expense

2,566,000

2,033,000

Equipment expense

1,241,000

1,074,000

Data processing and information technology costs

4,764,000

3,701,000

Ohio state franchise tax

1,578,000

1,157,000

Federal deposit insurance expense

861,000

329,000

Professional fees

2,293,000

1,500,000

Other real estate owned writedowns

1,200,000

Advertising expense

1,477,000

1,033,000

Software amortization expense

95,000

143,000

Core deposit intangible amortization

1,059,000

372,000

Gross other real estate owned expenses

510,000

707,000

Merger-related costs

473,000

2,382,000

Other expense

6,709,000

4,851,000

Total noninterest expense

48,137,000

38,030,000

Income before income taxes

20,755,000

18,893,000

Income taxes

3,387,000

3,220,000

NET INCOME

$ 17,368,000

$ 15,673,000

EARNINGS PER SHARE

Basic (in dollars per share)

$ 2.14

$ 2.6

Diluted (in dollars per share)

$ 2.14

$ 2.59

Deposit Account [Member]

NONINTEREST INCOME

Noninterest income revenue

$ 3,878,000

$ 3,850,000

Financial Service, Other [Member]

NONINTEREST INCOME

Noninterest income revenue

$ 1,060,000

$ 961,000

[1]	Not within scope of ASC 606

MBCN Balance Sheet

2023-12-31

Consolidated Balance Sheet - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and due from banks	$ 56,397	$ 51,404
Federal funds sold	4,439	2,405
Cash and cash equivalents	60,836	53,809
Investment securities available for sale, at fair value	170,779	164,967
Other investments	955	915
Loans:
Outstanding balance	1,478,130	1,352,872
Less: allowance for credit losses	21,693	14,438
Net loans	1,456,437	1,338,434
Premises and equipment, net	21,339	21,961
Goodwill	36,356	31,735
Core deposit intangibles	6,642	7,701
Bank-owned life insurance	34,349	33,811
Other real estate owned	0	5,821
Accrued interest receivable and other assets	35,190	28,528
TOTAL ASSETS	1,822,883	1,687,682
LIABILITIES
Noninterest-bearing demand	401,384	503,907
Interest-bearing demand	205,582	164,677
Money market	274,682	187,498
Savings	210,639	307,917
Time	334,315	238,020
Total deposits	1,426,602	1,402,019
Federal Home Loan Bank advances	163,000	65,000
Other borrowings	11,862	12,059
Accrued interest payable and other liabilities	15,738	10,913
TOTAL LIABILITIES	1,617,202	1,489,991
STOCKHOLDERS' EQUITY
Common stock, no par value; 25,000,000 shares authorized, 9,930,704 and 9,916,466 shares issued; 8,095,252 and 8,245,235 shares outstanding	161,388	161,029
Retained earnings	100,237	94,154
Accumulated other comprehensive loss	(16,090)	(22,144)
Treasury stock, at cost; 1,835,452 and 1,671,231 shares	(39,854)	(35,348)
TOTAL STOCKHOLDERS' EQUITY	205,681	197,691
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	1,822,883	1,687,682
Commercial Real Estate Portfolio Segment [Member] \| Owner Occupied Loan [Member]
Loans:
Outstanding balance	183,545	191,748
Less: allowance for credit losses	2,668	2,203
Commercial Real Estate Portfolio Segment [Member] \| Non-owner occupied Loan [Member]
Loans:
Outstanding balance	401,580	380,580
Less: allowance for credit losses	4,480	5,597
Commercial Real Estate Portfolio Segment [Member] \| Multifamily Loan [Member]
Loans:
Outstanding balance	82,506	58,251
Less: allowance for credit losses	1,796	662
Residential Portfolio Segment [Member]
Loans:
Outstanding balance	328,854	296,308
Less: allowance for credit losses	5,450	2,047
Commercial And Industrial [Member]
Loans:
Outstanding balance	221,508	195,602
Less: allowance for credit losses	4,377	1,483
Home Equity Lines of Credit [Member]
Loans:
Outstanding balance	127,818	128,065
Less: allowance for credit losses	750	1,753
Construction and Other [Member]
Loans:
Outstanding balance	125,105	94,199
Less: allowance for credit losses	1,990	609
Consumer Portfolio Segment [Member]
Loans:
Outstanding balance	7,214	8,119
Less: allowance for credit losses	$ 182	$ 84

About Middlefield Banc Corp

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 working capital, term business, residential construction, professional, and residential and mortgage loans, as well as consumer installment loans for home improvements, automobiles, boats, and other personal expenditures; loans to finance capital purchases; selected guaranteed or subsidized loan programs for small businesses; and agricultural loans. In addition, the company resolves and disposes troubled assets in Ohio. Further, it provides official checks, money orders, ATM services, as well as IRA accounts; online banking and bill payment services to individuals; and online cash management services to business customers. The company was founded in 1901 and is headquartered in Middlefield, Ohio.

CEO	Mr. James R. Heslop II
WEBSITE	middlefieldbank.bank
INDUSTRY	Banks Diversified
EMPLOYEES	238

Middlefield Banc Corp Frequently Asked Questions

What is the ticker symbol for Middlefield Banc Corp? What does MBCN stand for in stocks?

MBCN is the stock ticker symbol of Middlefield Banc Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Middlefield Banc Corp (MBCN)?

As of Fri Apr 26 2024, market cap of Middlefield Banc Corp is 175.5 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MBCN stock?

You can check MBCN's fair value in chart for subscribers.

What is the fair value of MBCN stock?

You can check MBCN's fair value in chart for subscribers. The fair value of Middlefield Banc Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Middlefield Banc Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MBCN so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Middlefield Banc Corp a good stock to buy?

The fair value guage provides a quick view whether MBCN is over valued or under valued. Whether Middlefield Banc Corp is cheap or expensive depends on the assumptions which impact Middlefield Banc Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MBCN.

What is Middlefield Banc Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 26 2024, MBCN's PE ratio (Price to Earnings) is 10.11 and Price to Sales (PS) ratio is 1.94. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MBCN PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Middlefield Banc Corp's stock?

In the past 10 years, Middlefield Banc Corp has provided 0.068 (multiply by 100 for percentage) rate of return.