View Financial HealthThis company has been acquiredThe company may no longer be operating, as it has been acquired. Find out why through their latest events.See Latest EventsMiddlefield Banc 配当と自社株買い配当金 基準チェック /56Middlefield Banc配当を支払う会社であり、現在の利回りは2.49%で、収益によって十分にカバーされています。主要情報2.5%配当利回り0%バイバック利回り総株主利回り2.5%将来の配当利回り2.7%配当成長5.1%次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向35%最近の配当と自社株買いの更新Declared Dividend • Feb 12Fourth quarter dividend of US$0.21 announcedDividend of US$0.21 is the same as last year. Ex-date: 17th February 2026 Payment date: 27th February 2026 Dividend yield will be 2.4%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (35% payout ratio) and is expected to be well covered in 3 years' time (31% forecast payout ratio). The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 10Middlefield Banc Corp. Announces First-Quarter Cash Dividend for 2026, Payable on February 27, 2026Middlefield Banc Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.21 per common share. The 2026 first-quarter dividend is payable on February 27, 2026, to shareholders of record on February 17, 2026.Declared Dividend • Nov 20Third quarter dividend of US$0.21 announcedShareholders will receive a dividend of US$0.21. Ex-date: 28th November 2025 Payment date: 12th December 2025 Dividend yield will be 2.6%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (32% payout ratio) and is expected to be well covered in 3 years' time (31% forecast payout ratio). The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 6.0% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Nov 18Middlefield Banc Corp. Declares Cash Dividend for the Fourth-Quarter 2025, Payable on December 12, 2025Middlefield Banc Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.21 per common share. The 2025 fourth-quarter dividend is payable on December 12, 2025, to shareholders of record on November 28, 2025.分析記事 • Aug 15Middlefield Banc (NASDAQ:MBCN) Is Due To Pay A Dividend Of $0.21The board of Middlefield Banc Corp. ( NASDAQ:MBCN ) has announced that it will pay a dividend of $0.21 per share on the...Declared Dividend • Aug 14Second quarter dividend of US$0.21 announcedShareholders will receive a dividend of US$0.21. Ex-date: 29th August 2025 Payment date: 12th September 2025 Dividend yield will be 2.9%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 6.4% over the next year, which should provide support to the dividend and adequate earnings cover.すべての更新を表示Recent updatesお知らせ • Mar 03Farmers National Banc Corp. (NasdaqCM:FMNB) completed the acquisition of Middlefield Banc Corp. (NasdaqCM:MBCN) from Castle Creek Advisors VIII LLC and others.Farmers National Banc Corp. (NasdaqCM:FMNB) entered into a letter of intent to acquire Middlefield Banc Corp. (NasdaqCM:MBCN) from Castle Creek Advisors VIII LLC and others on August 12, 2025. Farmers National Banc Corp agreed to acquire Middlefield Banc Corp from Castle Creek Advisors VIII LLC and others for approximately $300 million on October 22, 2025. At the close of the transaction, Farmers intends to appoint two Middlefield directors to Farmers’ Board of Directors. Upon consummation of the transaction, Middlefield Bank will be merged with and into Farmers National Bank and Middlefield Bank’s branches will become branches of Farmers National Bank. In case of termination, Middlefield Banc shall pay Farmers National Banc a termination fee of $12 million. As of January 13, 2026 Farmers National Banc Corp. reminds its shareholders to cast their votes regarding the proposed merger with Middlefield Banc Corp. The shareholder meeting will be held virtually on February 10, 2026. The transaction is subject to the approval of Farmers National Banc and Middlefield Banc shareholders, approval for listing on The NASDAQ Stock Market, effectiveness of the Registration Statement on Form S-4, receipt of regulatory and other governmental approvals, and the expiration of applicable waiting periods. The expected completion of the transaction is first quarter of 2026. As of February 5, 2026, the transaction has been approved by all regulatory approvals. As of February 10, 2026, shareholders of Farmers and Middlefield each have approved the proposed merger of Middlefield with and into Farmers. Dan Flaherty of Janney Montgomery Scott LLC acted as financial advisor, fairness opinion provider for Farmers National Banc Corp and will receive a fee of $0.25 million for opinion rendered and 0.75% of transaction value for advisory fee. J. Bret Treier of Vorys, Sater, Seymour & Pease LLP acted as legal advisor for Farmers National Banc Corp. Raymond James & Associates, Inc. acted as financial advisor, fairness opinion provider for Middlefield Banc Corp and will receive a fee of $0.3 million for opinion rendered and $3.9 million for advisory services. J. Brennan Ryan of Nelson Mullins Riley & Scarborough LLP acted as legal advisor for Middlefield Banc Corp. Vijay S. Sekhon of Sidley Austin LLP acted as legal advisor for Castle Creek Advisors VIII LLC. Alliance Advisors LLC acted as proxy solicitor to Farmers National Banc and will receive a fee of $0.03 million. Alliance Advisors LLC acted as proxy solicitor to Middlefield Banc Corp and will receive a fee of $0.0375 million. Farmers National Banc Corp. (NasdaqCM:FMNB) completed the acquisition of Middlefield Banc Corp. (NasdaqCM:MBCN) from Castle Creek Advisors VIII LLC and others on March 2, 2026.お知らせ • Feb 28+ 25 more updatesMiddlefield Banc Corp.(NasdaqCM:MBCN) dropped from Russell 2000 Value IndexMiddlefield Banc Corp.(NasdaqCM:MBCN) dropped from Russell 2000 Value IndexDeclared Dividend • Feb 12Fourth quarter dividend of US$0.21 announcedDividend of US$0.21 is the same as last year. Ex-date: 17th February 2026 Payment date: 27th February 2026 Dividend yield will be 2.4%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (35% payout ratio) and is expected to be well covered in 3 years' time (31% forecast payout ratio). The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 11Middlefield Banc Corp. Reports Net Charges Off for the Fourth Quarter Ended December 31, 2025Middlefield Banc Corp. reported net charges off for the fourth quarter ended December 31, 2025. For the three months, the company reported Net charge-offs were $148,000, or (0.04%) of average loans, annualized, for the 2025 fourth quarter, compared to net recoveries of $151,000, or 0.04% of average loans, annualized, for the same period of 2024. The higher net charge-offs were due to the partial charge-off of one loan during the 2025 third quarter.Reported Earnings • Feb 10Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: US$2.39 (up from US$1.92 in FY 2024). Revenue: US$77.6m (up 18% from FY 2024). Net income: US$19.4m (up 25% from FY 2024). Profit margin: 25% (up from 24% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 10.0%. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.お知らせ • Feb 10Middlefield Banc Corp. Announces First-Quarter Cash Dividend for 2026, Payable on February 27, 2026Middlefield Banc Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.21 per common share. The 2026 first-quarter dividend is payable on February 27, 2026, to shareholders of record on February 17, 2026.Board Change • Jan 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. Independent Director Jennifer Moeller was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Declared Dividend • Nov 20Third quarter dividend of US$0.21 announcedShareholders will receive a dividend of US$0.21. Ex-date: 28th November 2025 Payment date: 12th December 2025 Dividend yield will be 2.6%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (32% payout ratio) and is expected to be well covered in 3 years' time (31% forecast payout ratio). The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 6.0% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Nov 18Middlefield Banc Corp. Declares Cash Dividend for the Fourth-Quarter 2025, Payable on December 12, 2025Middlefield Banc Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.21 per common share. The 2025 fourth-quarter dividend is payable on December 12, 2025, to shareholders of record on November 28, 2025.Price Target Changed • Oct 27Price target increased by 9.8% to US$33.67Up from US$30.67, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$34.19. The company is forecast to post earnings per share of US$2.66 for next year compared to US$1.92 last year.Reported Earnings • Oct 23Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: US$0.66 (up from US$0.29 in 3Q 2024). Revenue: US$19.5m (up 34% from 3Q 2024). Net income: US$5.32m (up 127% from 3Q 2024). Profit margin: 27% (up from 16% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 4.0%. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.New Risk • Oct 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.お知らせ • Oct 22+ 1 more updateFarmers National Banc Corp. (NasdaqCM:FMNB) agreed to acquire Middlefield Banc Corp. (NasdaqCM:MBCN) for approximately $300 million.Farmers National Banc Corp. (NasdaqCM:FMNB) agreed to acquire Middlefield Banc Corp. (NasdaqCM:MBCN) for approximately $300 million on October 22, 2025. The transaction is subject to approval of offer by acquirer shareholders and approval of offer by target shareholders. The expected completion of the transaction is first quarter of 2026. At the close of the transaction, Farmers intends to appoint two Middlefield directors to Farmers’ Board of Directors. Upon consummation of the transaction, Middlefield Bank will be merged with and into Farmers National Bank and Middlefield Bank’s branches will become branches of Farmers National Bank. Janney Montgomery Scott LLC acted as financial advisor for Farmers National Banc Corp. Vorys, Sater, Seymour & Pease LLP acted as legal advisor for Farmers National Banc Corp. Raymond James & Associates, Inc. acted as financial advisor for Middlefield Banc Corp. Nelson Mullins Riley & Scarborough LLP acted as legal advisor for Middlefield Banc Corp.Valuation Update With 7 Day Price Move • Aug 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$33.35, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Banks industry in the US. Total returns to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$47.40 per share.分析記事 • Aug 15Middlefield Banc (NASDAQ:MBCN) Is Due To Pay A Dividend Of $0.21The board of Middlefield Banc Corp. ( NASDAQ:MBCN ) has announced that it will pay a dividend of $0.21 per share on the...Declared Dividend • Aug 14Second quarter dividend of US$0.21 announcedShareholders will receive a dividend of US$0.21. Ex-date: 29th August 2025 Payment date: 12th September 2025 Dividend yield will be 2.9%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 6.4% over the next year, which should provide support to the dividend and adequate earnings cover.お知らせ • Aug 12Middlefield Banc Corp. Announces 2025 Third-Quarter Cash Dividend Payment, Payable on September 12, 2025Middlefield Banc Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.21 per common share. The 2025 third-quarter dividend is payable on September 12, 2025, to shareholders of record on August 29, 2025.お知らせ • Jul 31Middlefield Banc Corp. Appoints John Cunningham as Svp, Northeast Ohio Commercial Market ExecutiveMiddlefield Banc Corp. announced that John Cunningham has been appointed SVP, Northeast Ohio Commercial Market Executive. John Cunningham, with nearly 30 years of banking experience, was the SVP - Senior Managing Director, Commercial Real Estate at Premier Bank from 2021 to 2025. He held positions at TCF Bank /Chemical Bank, The Home Saving and Loan Bank, Huntington National Bank, National City Bank, and Associates First Capital Corporation. Cunningham holds degrees from Miami University and Case Western Reserve University’s Weatherhead School of Business.Major Estimate Revision • Jul 29Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$74.4m to US$76.8m. EPS estimate increased from US$2.23 to US$2.57 per share. Net income forecast to grow 15% next year vs 14% growth forecast for Banks industry in the US. Consensus price target up from US$30.67 to US$33.00. Share price fell 2.9% to US$29.75 over the past week.Price Target Changed • Jul 25Price target increased by 7.6% to US$33.00Up from US$30.67, the current price target is an average from 3 analysts. New target price is 10% above last closing price of US$29.96. Stock is up 3.8% over the past year. The company is forecast to post earnings per share of US$2.46 for next year compared to US$1.92 last year.Reported Earnings • Jul 23Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: US$0.76 (up from US$0.52 in 2Q 2024). Revenue: US$20.3m (up 21% from 2Q 2024). Net income: US$6.16m (up 48% from 2Q 2024). Profit margin: 30% (up from 25% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 39%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Price Target Changed • Jul 10Price target increased by 8.4% to US$30.00Up from US$27.67, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$31.27. Stock is up 32% over the past year. The company is forecast to post earnings per share of US$2.23 for next year compared to US$1.92 last year.分析記事 • May 19Middlefield Banc (NASDAQ:MBCN) Is Paying Out A Dividend Of $0.21Middlefield Banc Corp. ( NASDAQ:MBCN ) has announced that it will pay a dividend of $0.21 per share on the 13th of...Declared Dividend • May 15First quarter dividend of US$0.21 announcedShareholders will receive a dividend of US$0.21. Ex-date: 30th May 2025 Payment date: 13th June 2025 Dividend yield will be 2.8%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 4.6% over the next year, which should provide support to the dividend and adequate earnings cover.お知らせ • May 13Middlefield Banc Corp. Declares Cash Dividend for the Second-Quarter of 2025, Payable on June 13, 2025Middlefield Banc Corp. announced that its board of directors declared a quarterly cash dividend of $0.21 per common share. The 2025 second-quarter dividend is payable on June 13, 2025, to shareholders of record on May 30, 2025.Major Estimate Revision • May 01Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$71.4m to US$74.3m. EPS estimate increased from US$1.94 to US$2.23 per share. Net income forecast to grow 11% next year vs 13% growth forecast for Banks industry in the US. Consensus price target up from US$27.67 to US$29.00. Share price was steady at US$25.93 over the past week.分析記事 • Apr 27Middlefield Banc Corp. Just Beat EPS By 30%: Here's What Analysts Think Will Happen NextAs you might know, Middlefield Banc Corp. ( NASDAQ:MBCN ) just kicked off its latest quarterly results with some very...Reported Earnings • Apr 25First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: US$0.60 (up from US$0.52 in 1Q 2024). Revenue: US$17.9m (up 6.2% from 1Q 2024). Net income: US$4.83m (up 16% from 1Q 2024). Profit margin: 27% (up from 25% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 30%. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.お知らせ • Apr 23Middlefield Banc Corp., Annual General Meeting, May 14, 2025Middlefield Banc Corp., Annual General Meeting, May 14, 2025. Location: //meetnow.global/mspxwf6, United StatesReported Earnings • Mar 16Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$1.92 (down from US$2.14 in FY 2023). Revenue: US$65.9m (down 4.4% from FY 2023). Net income: US$15.5m (down 11% from FY 2023). Profit margin: 24% (down from 25% in FY 2023). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 3.52% (down from 3.97% in FY 2023). Cost-to-income ratio: 67.4% (up from 64.5% in FY 2023). Non-performing loans: 1.97% (up from 0.74% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.7%. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Mar 13Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to US$25.75. The fair value is estimated to be US$32.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has declined by 19%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 10% in the next 2 years.分析記事 • Feb 14Middlefield Banc (NASDAQ:MBCN) Is Increasing Its Dividend To $0.21Middlefield Banc Corp. ( NASDAQ:MBCN ) will increase its dividend on the 14th of March to $0.21, which is 5.0% higher...Declared Dividend • Feb 13Fourth quarter dividend increased to US$0.21Dividend of US$0.21 is 5.0% higher than last year. Ex-date: 28th February 2025 Payment date: 14th March 2025 Dividend yield will be 3.1%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (42% payout ratio) and is expected to be well covered in 3 years' time (40% forecast payout ratio). The dividend has increased by an average of 4.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 8.4% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 11Middlefield Banc Corp. Declares 2025 First-Quarter Cash Dividend, Payable on March 14, 2025Middlefield Banc Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.21 per common share, representing a 5% increase from the 2024 fourth quarter dividend. The 2025 first-quarter dividend is payable on March 14, 2025, to shareholders of record on February 28, 2025.Buy Or Sell Opportunity • Jan 31Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to US$25.91. The fair value is estimated to be US$33.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has declined by 19%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 9.8% in the next 2 years.Price Target Changed • Jan 28Price target decreased by 9.8% to US$27.67Down from US$30.67, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$26.98. Stock is down 7.3% over the past year. The company is forecast to post earnings per share of US$1.94 for next year compared to US$1.92 last year.分析記事 • Jan 26Middlefield Banc Corp. Just Beat EPS By 8.3%: Here's What Analysts Think Will Happen NextThe annual results for Middlefield Banc Corp. ( NASDAQ:MBCN ) were released last week, making it a good time to revisit...Reported Earnings • Jan 24Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$1.92 (down from US$2.14 in FY 2023). Revenue: US$65.9m (down 4.4% from FY 2023). Net income: US$15.5m (down 11% from FY 2023). Profit margin: 24% (down from 25% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.3%. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Dec 27Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.6% to US$28.15. The fair value is estimated to be US$35.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 14% in the next 2 years.Price Target Changed • Dec 04Price target increased by 8.2% to US$30.67Up from US$28.33, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$31.16. Stock is up 3.9% over the past year. The company is forecast to post earnings per share of US$1.78 for next year compared to US$2.14 last year.Declared Dividend • Nov 21Third quarter dividend of US$0.20 announcedShareholders will receive a dividend of US$0.20. Ex-date: 29th November 2024 Payment date: 13th December 2024 Dividend yield will be 2.6%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (45% payout ratio) and is expected to be well covered in 3 years' time (42% forecast payout ratio). The dividend has increased by an average of 4.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 13% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Nov 19Middlefield Banc Corp. Announces Cash Dividend for the Fourth Quarter of 2024, Payable on December 13, 2024Middlefield Banc Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.20 per common share. The fourth-quarter dividend is payable on December 13, 2024, to shareholders of record on November 29, 2024.Valuation Update With 7 Day Price Move • Nov 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to US$33.50, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Banks industry in the US. Total returns to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$35.63 per share.Buy Or Sell Opportunity • Oct 20Now 27% undervaluedOver the last 90 days, the stock has risen 5.0% to US$27.51. The fair value is estimated to be US$37.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 16% in the next 2 years.Reported Earnings • Oct 18Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: US$0.29 (down from US$0.47 in 3Q 2023). Revenue: US$14.6m (down 13% from 3Q 2023). Net income: US$2.34m (down 39% from 3Q 2023). Profit margin: 16% (down from 23% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Price Target Changed • Oct 07Price target increased by 9.0% to US$28.33Up from US$26.00, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$28.49. Stock is up 5.0% over the past year. The company is forecast to post earnings per share of US$1.93 for next year compared to US$2.14 last year.Buy Or Sell Opportunity • Sep 03Now 25% undervaluedOver the last 90 days, the stock has risen 23% to US$25.74. The fair value is estimated to be US$34.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 9.2%. Revenue is forecast to grow by 4.3% in a year. Earnings are forecast to decline by 6.0% in the next year.Declared Dividend • Aug 15Second quarter dividend of US$0.20 announcedShareholders will receive a dividend of US$0.20. Ex-date: 30th August 2024 Payment date: 13th September 2024 Dividend yield will be 3.5%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 8.5% over the next year. However, it would need to fall by 54% to increase the payout ratio to a potentially unsustainable range.お知らせ • Aug 14Middlefield Banc Corp. Announces Third-Quarter Dividend, Payable on September 13, 2024Middlefield Banc Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.20 per common share. The third-quarter dividend is payable on September 13, 2024, to shareholders of record on August 30, 2024.Buy Or Sell Opportunity • Aug 01Now 26% undervaluedOver the last 90 days, the stock has risen 6.8% to US$24.77. The fair value is estimated to be US$33.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 9.2%. Revenue is forecast to grow by 4.3% in a year. Earnings are forecast to decline by 6.0% in the next year.Major Estimate Revision • Jul 25Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$67.8m to US$68.5m. EPS estimate increased from US$1.72 to US$1.93 per share. Net income forecast to shrink 6.0% next year vs 3.7% growth forecast for Banks industry in the US . Consensus price target of US$26.00 unchanged from last update. Share price rose 7.7% to US$26.76 over the past week.Reported Earnings • Jul 19Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: US$0.52 (down from US$0.63 in 2Q 2023). Revenue: US$16.8m (down 7.6% from 2Q 2023). Net income: US$4.16m (down 18% from 2Q 2023). Profit margin: 25% (down from 28% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 20%. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.お知らせ • Jul 12Darryl E. Mast Declines Re-Election as Member of the Board of Directors of Middlefield Banc CorpOn July 8, 2024 Darryl E. Mast, a member of the Board of Directors of Middlefield Banc Corp., notified the Company of his decision to not run for reelection as a Board member for the Company at its 2025 Annual Meeting, which will also be Mr. Mast’s final day as a Board member. The action of Mr. Mast was for personal reasons and did not result from any disagreements with management or the Board. Mr. Mast has served as a director of the Company since 2013 and served as a member of the Company’s Audit and Executive Committees as well as Chair of the Risk and Compliance Committee for The Middlefield Banking Company.Declared Dividend • May 16First quarter dividend of US$0.20 announcedShareholders will receive a dividend of US$0.20. Ex-date: 31st May 2024 Payment date: 14th June 2024 Dividend yield will be 3.6%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 13% over the next year. However, it would need to fall by 57% to increase the payout ratio to a potentially unsustainable range.お知らせ • May 15Middlefield Banc Corp. Declares Quarterly Cash Dividend, Payable on June 14, 2024Middlefield Banc Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.20 per common share. The second-quarter dividend is payable on June 14, 2024, to shareholders of record on May 31, 2024.Reported Earnings • May 01First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2024 results: EPS: US$0.52 (down from US$0.60 in 1Q 2023). Revenue: US$16.9m (down 4.4% from 1Q 2023). Net income: US$4.17m (down 15% from 1Q 2023). Profit margin: 25% (down from 28% in 1Q 2023). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 23%. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year.お知らせ • Apr 06Middlefield Banc Corp., Annual General Meeting, May 15, 2024Middlefield Banc Corp., Annual General Meeting, May 15, 2024, at 13:00 Eastern Standard Time. Agenda: To consider election of directors; to consider a non-binding advisory proposal to approve the compensation of Middlefield Banc Corp.'s named executive officers; to consider ratification of the appointment of S.R. Snodgrass, P.C. as independent auditor for the fiscal year ending December 31, 2024; and to consider other business issues.Price Target Changed • Apr 02Price target decreased by 7.5% to US$28.67Down from US$31.00, the current price target is an average from 3 analysts. New target price is 24% above last closing price of US$23.20. Stock is down 16% over the past year. The company is forecast to post earnings per share of US$1.63 for next year compared to US$2.14 last year.Reported Earnings • Mar 31Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: US$2.14. Revenue: US$68.9m (up 21% from FY 2022). Net income: US$17.4m (up 11% from FY 2022). Profit margin: 25% (down from 28% in FY 2022). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 4.04% (down from 4.08% in FY 2022). Cost-to-income ratio: 64.5% (down from 65.0% in FY 2022). Non-performing loans: 0.74% (up from 0.16% in FY 2022). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 2.7%. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US.Upcoming Dividend • Feb 22Upcoming dividend of US$0.20 per shareEligible shareholders must have bought the stock before 29 February 2024. Payment date: 15 March 2024. Trailing yield: 3.3%. Lower than top quartile of American dividend payers (4.8%). In line with average of industry peers (3.2%).Declared Dividend • Feb 16Fourth quarter dividend of US$0.20 announcedShareholders will receive a dividend of US$0.20. Ex-date: 29th February 2024 Payment date: 15th March 2024 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (37% payout ratio) and is expected to be well covered in 3 years' time (49% forecast payout ratio). The dividend has increased by an average of 4.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 23% over the next 2 years. However, it would need to fall by 59% to increase the payout ratio to a potentially unsustainable range.お知らせ • Feb 13Middlefield Banc Corp. Declares Cash Dividend for the First Quarter of 2024, Payable on March 15, 2024Middlefield Banc Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.20 per common share for the first quarter of 2024. The dividend is payable on March 15, 2024, to shareholders of record on March 1, 2024.Recent Insider Transactions • Feb 06Independent Director recently bought US$52k worth of stockOn the 5th of February, Michael Voinovich bought around 2k shares on-market at roughly US$26.21 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$158k more in shares than they have sold in the last 12 months.Major Estimate Revision • Feb 02Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$71.6m to US$68.9m. EPS estimate also fell from US$1.89 per share to US$1.64 per share. Net income forecast to shrink 23% next year vs 3.5% decline forecast for Banks industry in the US. Consensus price target up from US$30.33 to US$31.00. Share price fell 8.7% to US$27.12 over the past week.Reported Earnings • Jan 26Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: US$2.15. Revenue: US$68.9m (up 21% from FY 2022). Net income: US$17.4m (up 11% from FY 2022). Profit margin: 25% (down from 28% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 2.7%. Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Banks industry in the US.Price Target Changed • Jan 05Price target increased by 7.9% to US$29.67Up from US$27.50, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$29.70. Stock is up 7.6% over the past year. The company is forecast to post earnings per share of US$2.21 for next year compared to US$2.60 last year.Board Change • Jan 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Jennifer Moeller was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Nov 23Upcoming dividend of US$0.25 per share at 2.8% yieldEligible shareholders must have bought the stock before 30 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of American dividend payers (5.0%). Lower than average of industry peers (3.6%).お知らせ • Nov 17+ 1 more updateMiddlefield Banc Corp. Announces CEO ChangesMiddlefield Banc Corp. has said that Ronald L. Zimmerly, Jr. has been appointed as chief executive officer. Zimmerly replaces James R. Heslop, II. Zimmerly, currently president and director of Middlefield Banc Corp. and The Middlefield Banking Company, will take charge as chief executive officer of both entities on January 1, 2024, upon Heslop's retirement. Heslop will resign from the Middlefield Banc Corp. board of directors on December 31, 2023. The company said its board has taken action to reduce its size from 13 to 12 effective, December 31, 2023. Zimmerly, who joined Middlefield as president following the acquisition of Liberty Bancshares Inc. on December 1, 2022, was previously the president and chief executive officer of Liberty Bancshares Inc. from 2010 to 2022.お知らせ • Nov 15+ 1 more updateMiddlefield Banc Corp. Announces Special Cash Dividend, Payable on December 15, 2023Middlefield Banc Corp. announced that its Board of Directors declared a special cash dividend of $0.05 per common share and a regular quarterly cash dividend of $0.20 per common share. Both dividends are payable on December 15, 2023, to shareholders of record as of December 1, 2023.分析記事 • Oct 26Middlefield Banc Corp. Just Missed Earnings - But Analysts Have Updated Their ModelsMiddlefield Banc Corp. ( NASDAQ:MBCN ) just released its latest third-quarter report and things are not looking great...決済の安定と成長配当データの取得安定した配当: MBCNの1株当たり配当金は過去10年間安定しています。増加する配当: MBCNの配当金は過去10年間にわたって増加しています。配当利回り対市場Middlefield Banc 配当利回り対市場MBCN 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (MBCN)2.5%市場下位25% (US)1.4%市場トップ25% (US)4.2%業界平均 (Banks)2.4%アナリスト予想 (MBCN) (最長3年)2.7%注目すべき配当: MBCNの配当金 ( 2.49% ) はUS市場の配当金支払者の下位 25% ( 1.41% ) よりも高くなっています。高配当: MBCNの配当金 ( 2.49% ) はUS市場の配当金支払者の上位 25% ( 4.24% ) と比較すると低いです。現在の株主配当収益カバレッジ: MBCNの 配当性向 ( 35% ) はかなり低いため、配当金の支払いは利益によって十分にカバーされます。株主への将来支払額将来の配当金の見通し: MBCNの今後3年間の配当は、利益によって十分にカバーされると予測されています（ 33.6% ）。高配当企業の発掘7D1Y7D1Y7D1YUS 市場の強力な配当支払い企業。View Management企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/03/03 08:03終値2026/02/27 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Middlefield Banc Corp. 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Daniel CardenasBrean Capital Historical (Janney Montgomery)Christopher McGrattyKeefe, Bruyette, & WoodsTimothy SwitzerKeefe, Bruyette, & Woods
Declared Dividend • Feb 12Fourth quarter dividend of US$0.21 announcedDividend of US$0.21 is the same as last year. Ex-date: 17th February 2026 Payment date: 27th February 2026 Dividend yield will be 2.4%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (35% payout ratio) and is expected to be well covered in 3 years' time (31% forecast payout ratio). The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 10Middlefield Banc Corp. Announces First-Quarter Cash Dividend for 2026, Payable on February 27, 2026Middlefield Banc Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.21 per common share. The 2026 first-quarter dividend is payable on February 27, 2026, to shareholders of record on February 17, 2026.
Declared Dividend • Nov 20Third quarter dividend of US$0.21 announcedShareholders will receive a dividend of US$0.21. Ex-date: 28th November 2025 Payment date: 12th December 2025 Dividend yield will be 2.6%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (32% payout ratio) and is expected to be well covered in 3 years' time (31% forecast payout ratio). The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 6.0% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Nov 18Middlefield Banc Corp. Declares Cash Dividend for the Fourth-Quarter 2025, Payable on December 12, 2025Middlefield Banc Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.21 per common share. The 2025 fourth-quarter dividend is payable on December 12, 2025, to shareholders of record on November 28, 2025.
分析記事 • Aug 15Middlefield Banc (NASDAQ:MBCN) Is Due To Pay A Dividend Of $0.21The board of Middlefield Banc Corp. ( NASDAQ:MBCN ) has announced that it will pay a dividend of $0.21 per share on the...
Declared Dividend • Aug 14Second quarter dividend of US$0.21 announcedShareholders will receive a dividend of US$0.21. Ex-date: 29th August 2025 Payment date: 12th September 2025 Dividend yield will be 2.9%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 6.4% over the next year, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 03Farmers National Banc Corp. (NasdaqCM:FMNB) completed the acquisition of Middlefield Banc Corp. (NasdaqCM:MBCN) from Castle Creek Advisors VIII LLC and others.Farmers National Banc Corp. (NasdaqCM:FMNB) entered into a letter of intent to acquire Middlefield Banc Corp. (NasdaqCM:MBCN) from Castle Creek Advisors VIII LLC and others on August 12, 2025. Farmers National Banc Corp agreed to acquire Middlefield Banc Corp from Castle Creek Advisors VIII LLC and others for approximately $300 million on October 22, 2025. At the close of the transaction, Farmers intends to appoint two Middlefield directors to Farmers’ Board of Directors. Upon consummation of the transaction, Middlefield Bank will be merged with and into Farmers National Bank and Middlefield Bank’s branches will become branches of Farmers National Bank. In case of termination, Middlefield Banc shall pay Farmers National Banc a termination fee of $12 million. As of January 13, 2026 Farmers National Banc Corp. reminds its shareholders to cast their votes regarding the proposed merger with Middlefield Banc Corp. The shareholder meeting will be held virtually on February 10, 2026. The transaction is subject to the approval of Farmers National Banc and Middlefield Banc shareholders, approval for listing on The NASDAQ Stock Market, effectiveness of the Registration Statement on Form S-4, receipt of regulatory and other governmental approvals, and the expiration of applicable waiting periods. The expected completion of the transaction is first quarter of 2026. As of February 5, 2026, the transaction has been approved by all regulatory approvals. As of February 10, 2026, shareholders of Farmers and Middlefield each have approved the proposed merger of Middlefield with and into Farmers. Dan Flaherty of Janney Montgomery Scott LLC acted as financial advisor, fairness opinion provider for Farmers National Banc Corp and will receive a fee of $0.25 million for opinion rendered and 0.75% of transaction value for advisory fee. J. Bret Treier of Vorys, Sater, Seymour & Pease LLP acted as legal advisor for Farmers National Banc Corp. Raymond James & Associates, Inc. acted as financial advisor, fairness opinion provider for Middlefield Banc Corp and will receive a fee of $0.3 million for opinion rendered and $3.9 million for advisory services. J. Brennan Ryan of Nelson Mullins Riley & Scarborough LLP acted as legal advisor for Middlefield Banc Corp. Vijay S. Sekhon of Sidley Austin LLP acted as legal advisor for Castle Creek Advisors VIII LLC. Alliance Advisors LLC acted as proxy solicitor to Farmers National Banc and will receive a fee of $0.03 million. Alliance Advisors LLC acted as proxy solicitor to Middlefield Banc Corp and will receive a fee of $0.0375 million. Farmers National Banc Corp. (NasdaqCM:FMNB) completed the acquisition of Middlefield Banc Corp. (NasdaqCM:MBCN) from Castle Creek Advisors VIII LLC and others on March 2, 2026.
お知らせ • Feb 28+ 25 more updatesMiddlefield Banc Corp.(NasdaqCM:MBCN) dropped from Russell 2000 Value IndexMiddlefield Banc Corp.(NasdaqCM:MBCN) dropped from Russell 2000 Value Index
Declared Dividend • Feb 12Fourth quarter dividend of US$0.21 announcedDividend of US$0.21 is the same as last year. Ex-date: 17th February 2026 Payment date: 27th February 2026 Dividend yield will be 2.4%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (35% payout ratio) and is expected to be well covered in 3 years' time (31% forecast payout ratio). The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 11Middlefield Banc Corp. Reports Net Charges Off for the Fourth Quarter Ended December 31, 2025Middlefield Banc Corp. reported net charges off for the fourth quarter ended December 31, 2025. For the three months, the company reported Net charge-offs were $148,000, or (0.04%) of average loans, annualized, for the 2025 fourth quarter, compared to net recoveries of $151,000, or 0.04% of average loans, annualized, for the same period of 2024. The higher net charge-offs were due to the partial charge-off of one loan during the 2025 third quarter.
Reported Earnings • Feb 10Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: US$2.39 (up from US$1.92 in FY 2024). Revenue: US$77.6m (up 18% from FY 2024). Net income: US$19.4m (up 25% from FY 2024). Profit margin: 25% (up from 24% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 10.0%. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
お知らせ • Feb 10Middlefield Banc Corp. Announces First-Quarter Cash Dividend for 2026, Payable on February 27, 2026Middlefield Banc Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.21 per common share. The 2026 first-quarter dividend is payable on February 27, 2026, to shareholders of record on February 17, 2026.
Board Change • Jan 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. Independent Director Jennifer Moeller was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Declared Dividend • Nov 20Third quarter dividend of US$0.21 announcedShareholders will receive a dividend of US$0.21. Ex-date: 28th November 2025 Payment date: 12th December 2025 Dividend yield will be 2.6%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (32% payout ratio) and is expected to be well covered in 3 years' time (31% forecast payout ratio). The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 6.0% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Nov 18Middlefield Banc Corp. Declares Cash Dividend for the Fourth-Quarter 2025, Payable on December 12, 2025Middlefield Banc Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.21 per common share. The 2025 fourth-quarter dividend is payable on December 12, 2025, to shareholders of record on November 28, 2025.
Price Target Changed • Oct 27Price target increased by 9.8% to US$33.67Up from US$30.67, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$34.19. The company is forecast to post earnings per share of US$2.66 for next year compared to US$1.92 last year.
Reported Earnings • Oct 23Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: US$0.66 (up from US$0.29 in 3Q 2024). Revenue: US$19.5m (up 34% from 3Q 2024). Net income: US$5.32m (up 127% from 3Q 2024). Profit margin: 27% (up from 16% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 4.0%. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
New Risk • Oct 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
お知らせ • Oct 22+ 1 more updateFarmers National Banc Corp. (NasdaqCM:FMNB) agreed to acquire Middlefield Banc Corp. (NasdaqCM:MBCN) for approximately $300 million.Farmers National Banc Corp. (NasdaqCM:FMNB) agreed to acquire Middlefield Banc Corp. (NasdaqCM:MBCN) for approximately $300 million on October 22, 2025. The transaction is subject to approval of offer by acquirer shareholders and approval of offer by target shareholders. The expected completion of the transaction is first quarter of 2026. At the close of the transaction, Farmers intends to appoint two Middlefield directors to Farmers’ Board of Directors. Upon consummation of the transaction, Middlefield Bank will be merged with and into Farmers National Bank and Middlefield Bank’s branches will become branches of Farmers National Bank. Janney Montgomery Scott LLC acted as financial advisor for Farmers National Banc Corp. Vorys, Sater, Seymour & Pease LLP acted as legal advisor for Farmers National Banc Corp. Raymond James & Associates, Inc. acted as financial advisor for Middlefield Banc Corp. Nelson Mullins Riley & Scarborough LLP acted as legal advisor for Middlefield Banc Corp.
Valuation Update With 7 Day Price Move • Aug 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$33.35, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Banks industry in the US. Total returns to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$47.40 per share.
分析記事 • Aug 15Middlefield Banc (NASDAQ:MBCN) Is Due To Pay A Dividend Of $0.21The board of Middlefield Banc Corp. ( NASDAQ:MBCN ) has announced that it will pay a dividend of $0.21 per share on the...
Declared Dividend • Aug 14Second quarter dividend of US$0.21 announcedShareholders will receive a dividend of US$0.21. Ex-date: 29th August 2025 Payment date: 12th September 2025 Dividend yield will be 2.9%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 6.4% over the next year, which should provide support to the dividend and adequate earnings cover.
お知らせ • Aug 12Middlefield Banc Corp. Announces 2025 Third-Quarter Cash Dividend Payment, Payable on September 12, 2025Middlefield Banc Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.21 per common share. The 2025 third-quarter dividend is payable on September 12, 2025, to shareholders of record on August 29, 2025.
お知らせ • Jul 31Middlefield Banc Corp. Appoints John Cunningham as Svp, Northeast Ohio Commercial Market ExecutiveMiddlefield Banc Corp. announced that John Cunningham has been appointed SVP, Northeast Ohio Commercial Market Executive. John Cunningham, with nearly 30 years of banking experience, was the SVP - Senior Managing Director, Commercial Real Estate at Premier Bank from 2021 to 2025. He held positions at TCF Bank /Chemical Bank, The Home Saving and Loan Bank, Huntington National Bank, National City Bank, and Associates First Capital Corporation. Cunningham holds degrees from Miami University and Case Western Reserve University’s Weatherhead School of Business.
Major Estimate Revision • Jul 29Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$74.4m to US$76.8m. EPS estimate increased from US$2.23 to US$2.57 per share. Net income forecast to grow 15% next year vs 14% growth forecast for Banks industry in the US. Consensus price target up from US$30.67 to US$33.00. Share price fell 2.9% to US$29.75 over the past week.
Price Target Changed • Jul 25Price target increased by 7.6% to US$33.00Up from US$30.67, the current price target is an average from 3 analysts. New target price is 10% above last closing price of US$29.96. Stock is up 3.8% over the past year. The company is forecast to post earnings per share of US$2.46 for next year compared to US$1.92 last year.
Reported Earnings • Jul 23Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: US$0.76 (up from US$0.52 in 2Q 2024). Revenue: US$20.3m (up 21% from 2Q 2024). Net income: US$6.16m (up 48% from 2Q 2024). Profit margin: 30% (up from 25% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 39%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Price Target Changed • Jul 10Price target increased by 8.4% to US$30.00Up from US$27.67, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$31.27. Stock is up 32% over the past year. The company is forecast to post earnings per share of US$2.23 for next year compared to US$1.92 last year.
分析記事 • May 19Middlefield Banc (NASDAQ:MBCN) Is Paying Out A Dividend Of $0.21Middlefield Banc Corp. ( NASDAQ:MBCN ) has announced that it will pay a dividend of $0.21 per share on the 13th of...
Declared Dividend • May 15First quarter dividend of US$0.21 announcedShareholders will receive a dividend of US$0.21. Ex-date: 30th May 2025 Payment date: 13th June 2025 Dividend yield will be 2.8%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 4.6% over the next year, which should provide support to the dividend and adequate earnings cover.
お知らせ • May 13Middlefield Banc Corp. Declares Cash Dividend for the Second-Quarter of 2025, Payable on June 13, 2025Middlefield Banc Corp. announced that its board of directors declared a quarterly cash dividend of $0.21 per common share. The 2025 second-quarter dividend is payable on June 13, 2025, to shareholders of record on May 30, 2025.
Major Estimate Revision • May 01Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$71.4m to US$74.3m. EPS estimate increased from US$1.94 to US$2.23 per share. Net income forecast to grow 11% next year vs 13% growth forecast for Banks industry in the US. Consensus price target up from US$27.67 to US$29.00. Share price was steady at US$25.93 over the past week.
分析記事 • Apr 27Middlefield Banc Corp. Just Beat EPS By 30%: Here's What Analysts Think Will Happen NextAs you might know, Middlefield Banc Corp. ( NASDAQ:MBCN ) just kicked off its latest quarterly results with some very...
Reported Earnings • Apr 25First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: US$0.60 (up from US$0.52 in 1Q 2024). Revenue: US$17.9m (up 6.2% from 1Q 2024). Net income: US$4.83m (up 16% from 1Q 2024). Profit margin: 27% (up from 25% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 30%. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 23Middlefield Banc Corp., Annual General Meeting, May 14, 2025Middlefield Banc Corp., Annual General Meeting, May 14, 2025. Location: //meetnow.global/mspxwf6, United States
Reported Earnings • Mar 16Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$1.92 (down from US$2.14 in FY 2023). Revenue: US$65.9m (down 4.4% from FY 2023). Net income: US$15.5m (down 11% from FY 2023). Profit margin: 24% (down from 25% in FY 2023). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 3.52% (down from 3.97% in FY 2023). Cost-to-income ratio: 67.4% (up from 64.5% in FY 2023). Non-performing loans: 1.97% (up from 0.74% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.7%. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Mar 13Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to US$25.75. The fair value is estimated to be US$32.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has declined by 19%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 10% in the next 2 years.
分析記事 • Feb 14Middlefield Banc (NASDAQ:MBCN) Is Increasing Its Dividend To $0.21Middlefield Banc Corp. ( NASDAQ:MBCN ) will increase its dividend on the 14th of March to $0.21, which is 5.0% higher...
Declared Dividend • Feb 13Fourth quarter dividend increased to US$0.21Dividend of US$0.21 is 5.0% higher than last year. Ex-date: 28th February 2025 Payment date: 14th March 2025 Dividend yield will be 3.1%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (42% payout ratio) and is expected to be well covered in 3 years' time (40% forecast payout ratio). The dividend has increased by an average of 4.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 8.4% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 11Middlefield Banc Corp. Declares 2025 First-Quarter Cash Dividend, Payable on March 14, 2025Middlefield Banc Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.21 per common share, representing a 5% increase from the 2024 fourth quarter dividend. The 2025 first-quarter dividend is payable on March 14, 2025, to shareholders of record on February 28, 2025.
Buy Or Sell Opportunity • Jan 31Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to US$25.91. The fair value is estimated to be US$33.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has declined by 19%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 9.8% in the next 2 years.
Price Target Changed • Jan 28Price target decreased by 9.8% to US$27.67Down from US$30.67, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$26.98. Stock is down 7.3% over the past year. The company is forecast to post earnings per share of US$1.94 for next year compared to US$1.92 last year.
分析記事 • Jan 26Middlefield Banc Corp. Just Beat EPS By 8.3%: Here's What Analysts Think Will Happen NextThe annual results for Middlefield Banc Corp. ( NASDAQ:MBCN ) were released last week, making it a good time to revisit...
Reported Earnings • Jan 24Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$1.92 (down from US$2.14 in FY 2023). Revenue: US$65.9m (down 4.4% from FY 2023). Net income: US$15.5m (down 11% from FY 2023). Profit margin: 24% (down from 25% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.3%. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Dec 27Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.6% to US$28.15. The fair value is estimated to be US$35.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 14% in the next 2 years.
Price Target Changed • Dec 04Price target increased by 8.2% to US$30.67Up from US$28.33, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$31.16. Stock is up 3.9% over the past year. The company is forecast to post earnings per share of US$1.78 for next year compared to US$2.14 last year.
Declared Dividend • Nov 21Third quarter dividend of US$0.20 announcedShareholders will receive a dividend of US$0.20. Ex-date: 29th November 2024 Payment date: 13th December 2024 Dividend yield will be 2.6%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (45% payout ratio) and is expected to be well covered in 3 years' time (42% forecast payout ratio). The dividend has increased by an average of 4.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 13% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Nov 19Middlefield Banc Corp. Announces Cash Dividend for the Fourth Quarter of 2024, Payable on December 13, 2024Middlefield Banc Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.20 per common share. The fourth-quarter dividend is payable on December 13, 2024, to shareholders of record on November 29, 2024.
Valuation Update With 7 Day Price Move • Nov 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to US$33.50, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Banks industry in the US. Total returns to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$35.63 per share.
Buy Or Sell Opportunity • Oct 20Now 27% undervaluedOver the last 90 days, the stock has risen 5.0% to US$27.51. The fair value is estimated to be US$37.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 16% in the next 2 years.
Reported Earnings • Oct 18Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: US$0.29 (down from US$0.47 in 3Q 2023). Revenue: US$14.6m (down 13% from 3Q 2023). Net income: US$2.34m (down 39% from 3Q 2023). Profit margin: 16% (down from 23% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Price Target Changed • Oct 07Price target increased by 9.0% to US$28.33Up from US$26.00, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$28.49. Stock is up 5.0% over the past year. The company is forecast to post earnings per share of US$1.93 for next year compared to US$2.14 last year.
Buy Or Sell Opportunity • Sep 03Now 25% undervaluedOver the last 90 days, the stock has risen 23% to US$25.74. The fair value is estimated to be US$34.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 9.2%. Revenue is forecast to grow by 4.3% in a year. Earnings are forecast to decline by 6.0% in the next year.
Declared Dividend • Aug 15Second quarter dividend of US$0.20 announcedShareholders will receive a dividend of US$0.20. Ex-date: 30th August 2024 Payment date: 13th September 2024 Dividend yield will be 3.5%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 8.5% over the next year. However, it would need to fall by 54% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Aug 14Middlefield Banc Corp. Announces Third-Quarter Dividend, Payable on September 13, 2024Middlefield Banc Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.20 per common share. The third-quarter dividend is payable on September 13, 2024, to shareholders of record on August 30, 2024.
Buy Or Sell Opportunity • Aug 01Now 26% undervaluedOver the last 90 days, the stock has risen 6.8% to US$24.77. The fair value is estimated to be US$33.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 9.2%. Revenue is forecast to grow by 4.3% in a year. Earnings are forecast to decline by 6.0% in the next year.
Major Estimate Revision • Jul 25Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$67.8m to US$68.5m. EPS estimate increased from US$1.72 to US$1.93 per share. Net income forecast to shrink 6.0% next year vs 3.7% growth forecast for Banks industry in the US . Consensus price target of US$26.00 unchanged from last update. Share price rose 7.7% to US$26.76 over the past week.
Reported Earnings • Jul 19Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: US$0.52 (down from US$0.63 in 2Q 2023). Revenue: US$16.8m (down 7.6% from 2Q 2023). Net income: US$4.16m (down 18% from 2Q 2023). Profit margin: 25% (down from 28% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 20%. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
お知らせ • Jul 12Darryl E. Mast Declines Re-Election as Member of the Board of Directors of Middlefield Banc CorpOn July 8, 2024 Darryl E. Mast, a member of the Board of Directors of Middlefield Banc Corp., notified the Company of his decision to not run for reelection as a Board member for the Company at its 2025 Annual Meeting, which will also be Mr. Mast’s final day as a Board member. The action of Mr. Mast was for personal reasons and did not result from any disagreements with management or the Board. Mr. Mast has served as a director of the Company since 2013 and served as a member of the Company’s Audit and Executive Committees as well as Chair of the Risk and Compliance Committee for The Middlefield Banking Company.
Declared Dividend • May 16First quarter dividend of US$0.20 announcedShareholders will receive a dividend of US$0.20. Ex-date: 31st May 2024 Payment date: 14th June 2024 Dividend yield will be 3.6%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 13% over the next year. However, it would need to fall by 57% to increase the payout ratio to a potentially unsustainable range.
お知らせ • May 15Middlefield Banc Corp. Declares Quarterly Cash Dividend, Payable on June 14, 2024Middlefield Banc Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.20 per common share. The second-quarter dividend is payable on June 14, 2024, to shareholders of record on May 31, 2024.
Reported Earnings • May 01First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2024 results: EPS: US$0.52 (down from US$0.60 in 1Q 2023). Revenue: US$16.9m (down 4.4% from 1Q 2023). Net income: US$4.17m (down 15% from 1Q 2023). Profit margin: 25% (down from 28% in 1Q 2023). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 23%. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year.
お知らせ • Apr 06Middlefield Banc Corp., Annual General Meeting, May 15, 2024Middlefield Banc Corp., Annual General Meeting, May 15, 2024, at 13:00 Eastern Standard Time. Agenda: To consider election of directors; to consider a non-binding advisory proposal to approve the compensation of Middlefield Banc Corp.'s named executive officers; to consider ratification of the appointment of S.R. Snodgrass, P.C. as independent auditor for the fiscal year ending December 31, 2024; and to consider other business issues.
Price Target Changed • Apr 02Price target decreased by 7.5% to US$28.67Down from US$31.00, the current price target is an average from 3 analysts. New target price is 24% above last closing price of US$23.20. Stock is down 16% over the past year. The company is forecast to post earnings per share of US$1.63 for next year compared to US$2.14 last year.
Reported Earnings • Mar 31Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: US$2.14. Revenue: US$68.9m (up 21% from FY 2022). Net income: US$17.4m (up 11% from FY 2022). Profit margin: 25% (down from 28% in FY 2022). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 4.04% (down from 4.08% in FY 2022). Cost-to-income ratio: 64.5% (down from 65.0% in FY 2022). Non-performing loans: 0.74% (up from 0.16% in FY 2022). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 2.7%. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US.
Upcoming Dividend • Feb 22Upcoming dividend of US$0.20 per shareEligible shareholders must have bought the stock before 29 February 2024. Payment date: 15 March 2024. Trailing yield: 3.3%. Lower than top quartile of American dividend payers (4.8%). In line with average of industry peers (3.2%).
Declared Dividend • Feb 16Fourth quarter dividend of US$0.20 announcedShareholders will receive a dividend of US$0.20. Ex-date: 29th February 2024 Payment date: 15th March 2024 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (37% payout ratio) and is expected to be well covered in 3 years' time (49% forecast payout ratio). The dividend has increased by an average of 4.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 23% over the next 2 years. However, it would need to fall by 59% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Feb 13Middlefield Banc Corp. Declares Cash Dividend for the First Quarter of 2024, Payable on March 15, 2024Middlefield Banc Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.20 per common share for the first quarter of 2024. The dividend is payable on March 15, 2024, to shareholders of record on March 1, 2024.
Recent Insider Transactions • Feb 06Independent Director recently bought US$52k worth of stockOn the 5th of February, Michael Voinovich bought around 2k shares on-market at roughly US$26.21 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$158k more in shares than they have sold in the last 12 months.
Major Estimate Revision • Feb 02Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$71.6m to US$68.9m. EPS estimate also fell from US$1.89 per share to US$1.64 per share. Net income forecast to shrink 23% next year vs 3.5% decline forecast for Banks industry in the US. Consensus price target up from US$30.33 to US$31.00. Share price fell 8.7% to US$27.12 over the past week.
Reported Earnings • Jan 26Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: US$2.15. Revenue: US$68.9m (up 21% from FY 2022). Net income: US$17.4m (up 11% from FY 2022). Profit margin: 25% (down from 28% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 2.7%. Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Banks industry in the US.
Price Target Changed • Jan 05Price target increased by 7.9% to US$29.67Up from US$27.50, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$29.70. Stock is up 7.6% over the past year. The company is forecast to post earnings per share of US$2.21 for next year compared to US$2.60 last year.
Board Change • Jan 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Jennifer Moeller was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Nov 23Upcoming dividend of US$0.25 per share at 2.8% yieldEligible shareholders must have bought the stock before 30 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of American dividend payers (5.0%). Lower than average of industry peers (3.6%).
お知らせ • Nov 17+ 1 more updateMiddlefield Banc Corp. Announces CEO ChangesMiddlefield Banc Corp. has said that Ronald L. Zimmerly, Jr. has been appointed as chief executive officer. Zimmerly replaces James R. Heslop, II. Zimmerly, currently president and director of Middlefield Banc Corp. and The Middlefield Banking Company, will take charge as chief executive officer of both entities on January 1, 2024, upon Heslop's retirement. Heslop will resign from the Middlefield Banc Corp. board of directors on December 31, 2023. The company said its board has taken action to reduce its size from 13 to 12 effective, December 31, 2023. Zimmerly, who joined Middlefield as president following the acquisition of Liberty Bancshares Inc. on December 1, 2022, was previously the president and chief executive officer of Liberty Bancshares Inc. from 2010 to 2022.
お知らせ • Nov 15+ 1 more updateMiddlefield Banc Corp. Announces Special Cash Dividend, Payable on December 15, 2023Middlefield Banc Corp. announced that its Board of Directors declared a special cash dividend of $0.05 per common share and a regular quarterly cash dividend of $0.20 per common share. Both dividends are payable on December 15, 2023, to shareholders of record as of December 1, 2023.
分析記事 • Oct 26Middlefield Banc Corp. Just Missed Earnings - But Analysts Have Updated Their ModelsMiddlefield Banc Corp. ( NASDAQ:MBCN ) just released its latest third-quarter report and things are not looking great...