Middlefield Banc (MBCN) AI Stock Analysis

• Market Cap: $249.22M
• Dividend Yield: 2.72%
• Average Volume (3M): 9.78K
• Price to Earnings (P/E): 15.4
• Beta (1Y): 0.92
• Revenue Growth: 8.36%
• EPS Growth: -2.51%
• Country: US
• Employees: 246
• Sector: Financial
• Sector Strength: 82
• Industry: Banks - Regional
• EPS (TTM): 0.60
• Shares Outstanding: 8,081,193
• 10 Day Avg. Volume: 15,028
• 30 Day Avg. Volume: 9,779
• PEG Ratio: 3.65
• Price to Book (P/B): 1.15
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 12.84
• Enterprise Value/Market Cap: 1.25
• Enterprise Value/Revenue: 0.72
• Enterprise Value/Gross Profit: 4.64
• Enterprise Value/Ebitda: 4.18
• 1Y Price Target: $30.00
• Price Target Upside: -6.25% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 79 Outperform
• Price Target: $35.00 ▲(9.38%Upside)

Middlefield Banc's strong financial performance, technical momentum, and strategic corporate actions contribute to a solid stock score. While financial leverage remains a risk, the overall outlook is positive with growth-oriented strategies and shareholder commitment.

Middlefield Banc Business Overview & Revenue Model

Company Description

Middlefield Banc Corp (MBCN) is a community-focused financial institution headquartered in Middlefield, Ohio. It primarily operates in the banking sector, offering a comprehensive range of financial services to individual and business clients. The company's core products include traditional banking solutions such as savings and checking accounts, mortgage and consumer loans, commercial lending, and investment advisory services.

How the Company Makes Money

Middlefield Banc Corp generates revenue primarily through interest income from its lending activities. The bank extends various types of loans, including residential mortgages, commercial real estate loans, and consumer loans, and earns interest on these loans. Additionally, MBCN earns non-interest income through service charges on deposit accounts, fees from financial advisory and wealth management services, and other banking-related fees. The company's earnings are also supported by strategic partnerships with financial service providers that enhance its product offerings and market reach.

Middlefield Banc Financial Statement Overview

Summary

Middlefield Banc demonstrates consistent revenue growth and strong profitability with a solid balance sheet showing no debt. However, increasing liabilities and potential volatility in investing cash flows indicate areas for improvement.

Income Statement

Middlefield Banc has demonstrated consistent revenue growth over recent years, with total revenue increasing from $49.38M in 2020 to $68.89M in 2023. The Gross Profit Margin has remained strong at 100% due to the nature of banking operations. However, the Net Profit Margin was 25.21% in 2023, reflecting healthy profitability. EBIT Margin was 46.50% in 2023, showing efficient management of operating expenses. The absence of EBITDA data in recent years limits the full analysis of operating efficiency.

Balance Sheet

Middlefield Banc's Balance Sheet highlights a favorable equity position with a Debt-to-Equity ratio of 0 in 2024, indicating no reliance on debt. Stockholders' Equity has increased to $210.56M in 2024, reflecting a positive trend. The Equity Ratio was 11.36% in 2023, showcasing a solid capital cushion. However, there has been a significant increase in total liabilities over the years, which warrants monitoring.

Cash Flow

The company has shown stable Free Cash Flow with a notable growth rate of 21.93% from 2022 to 2023. The Operating Cash Flow to Net Income ratio was 1.29 in 2023, indicating strong cash generation relative to net income. However, fluctuations in investing cash flow, particularly large outflows in 2023, could signal potential risks in long-term investments.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	109.48M	108.47M	96.99M	61.65M	59.58M	58.63M
Gross Profit	66.93M	65.89M	68.89M	56.92M	54.69M	39.54M
EBITDA	20.27M	19.50M	21.80M	19.04M	24.80M	11.78M
Net Income	16.18M	15.52M	17.37M	15.67M	18.63M	8.35M
Balance Sheet
Total Assets	1.89B	1.85B	1.82B	1.69B	1.33B	1.39B
Cash, Cash Equivalents and Short-Term Investments	110.16M	211.84M	227.18M	216.37M	267.37M	207.23M
Total Debt	121.61M	184.06M	175.43M	77.06M	13.78M	13.83M
Total Liabilities	1.67B	1.64B	1.62B	1.49B	1.19B	1.25B
Stockholders Equity	213.79M	210.56M	205.68M	197.69M	145.34M	143.81M
Cash Flow
Free Cash Flow	19.09M	16.69M	21.26M	17.48M	14.82M	14.01M
Operating Cash Flow	20.05M	17.47M	22.36M	18.36M	15.42M	15.08M
Investing Cash Flow	-58.50M	-43.29M	-126.54M	-8.61M	70.89M	-135.32M
Financing Cash Flow	59.07M	20.78M	111.21M	-75.36M	-79.23M	197.55M

Middlefield Banc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 32.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MBCN, the sentiment is Positive. The current price of 32 is above the 20-day moving average (MA) of 29.77, above the 50-day MA of 28.87, and above the 200-day MA of 27.68, indicating a bullish trend. The MACD of 0.65 indicates Negative momentum. The RSI at 66.82 is Neutral, neither overbought nor oversold. The STOCH value of 85.84 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MBCN.

Middlefield Banc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MBCN	79 Outperform	$249.22M	15.41	7.72%	2.72%	8.36%	-2.51%
LCNB	78 Outperform	$219.74M	13.58	6.54%	5.78%	24.45%	25.55%
PWOD	76 Outperform	$241.07M	11.34	10.50%	4.04%	14.11%	29.41%
CHMG	71 Outperform	$241.55M	10.64	10.65%	2.56%	6.05%	-9.27%
BPRN	68 Neutral	$221.87M	19.51	4.43%	3.75%	10.64%	-56.22%
Sector *	67 Neutral	$17.01B	11.90	9.70%	3.76%	11.63%	-9.47%

Middlefield Banc Corporate Events

Middlefield Banc Appoints New Leadership for Growth

Middlefield Banc Corp. has announced a strategic focus on growth through the appointment of new leadership and the integration of Liberty Bancshares, which was acquired in December 2022. The company is well-positioned for future expansion, particularly in the Columbus region, which is experiencing significant economic development with major investments from companies like Intel and Amazon. This growth strategy is expected to enhance Middlefield’s competitive advantage and strengthen its market position in Ohio.

The most recent analyst rating on (MBCN) stock is a Hold with a $30.00 price target. To see the full list of analyst forecasts on Middlefield Banc stock, see the MBCN Stock Forecast page.

Middlefield Banc Holds Annual Shareholder Meeting

On May 14, 2025, Middlefield Banc Corp. held its Annual Meeting of Shareholders where four proposals were voted upon. These included the election of three directors, approval of executive compensation, frequency of future advisory votes on executive compensation, and ratification of the appointment of S.R. Snodgrass, P.C. as independent auditor. The board decided to hold annual advisory votes on executive compensation.

The most recent analyst rating on (MBCN) stock is a Hold with a $30.00 price target. To see the full list of analyst forecasts on Middlefield Banc stock, see the MBCN Stock Forecast page.

Middlefield Banc Announces Quarterly Dividend Approval

On May 12, 2025, Middlefield Banc Corp. announced that its Board of Directors approved a quarterly cash dividend of $0.21 per common share, consistent with the previous quarter’s dividend. This dividend will be payable on June 13, 2025, to shareholders recorded by May 30, 2025. The announcement reflects the company’s stable financial strategy and commitment to shareholder returns.

The most recent analyst rating on (MBCN) stock is a Hold with a $30.00 price target. To see the full list of analyst forecasts on Middlefield Banc stock, see the MBCN Stock Forecast page.