Middlefield Banc
Middlefield Banc Corp. operates as the bank holding company for The Middlefield Banking Company that provides various commercial banking services to small and medium-sized businesses, professionals, small business owners, and retail customers in northeastern and central Ohio. The last earnings update was 43 days ago. More info.
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MBCN Share Price and Events
7 Day Returns
1 Year Returns
MBCN Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Middlefield Banc (MBCN) | 1.1% | 1% | -5.5% | -26% | 24% | 39.2% |
| US Banks | 0.1% | 0.5% | 0.7% | -7.6% | 45.6% | 41.7% |
| US Market | 1.2% | 2% | 2% | 2.3% | 37.9% | 39.8% |
1 Year Return vs Industry and Market
- MBCN underperformed the Banks industry which returned -7.6% over the past year.
- MBCN underperformed the Market in United States of America which returned 2.3% over the past year.
MBCN Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Middlefield Banc
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Middlefield Banc.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity = $36.86 * 7.4% |
$2.72 |
| Book Value of Equity per Share | Median Book Value from the past 5 years. | $36.86 |
| Discount Rate (Cost of Equity) | See below | 8.6% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Banks Unlevered Beta | Simply Wall St/ S&P Global | 0.59 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.594 (1 + (1- 21%) (80.92%)) |
0.983 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.98 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.983 * 5.96%) |
8.59% |
Discounted Cash Flow Calculation for NasdaqCM:MBCN using Excess Returns Model Model
The calculations below outline how an intrinsic value for Middlefield Banc is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (7.4% – 8.59%) * $36.86) |
$-0.45 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $-0.45 / (8.59% - 2.73%) |
$-7.69 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $36.86 + $-7.69 |
$29.17 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $29.17 |
| Current discount | Discount to share price of
$39.68
= -1 x ($39.68 - $29.17) / $29.17 |
-36% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Middlefield Banc is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Middlefield Banc's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Middlefield Banc's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $3.97 |
| NasdaqCM:MBCN Share Price ** | NasdaqCM (2019-06-19) in USD | $39.68 |
| United States of America Banks Industry PE Ratio | Median Figure of 600 Publicly-Listed Banks Companies | 12.75x |
| United States of America Market PE Ratio | Median Figure of 3,092 Publicly-Listed Companies | 17.87x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Middlefield Banc.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqCM:MBCN Share Price ÷ EPS (both in USD) = 39.68 ÷ 3.97 |
10.01x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Middlefield Banc is good value based on earnings compared to the US Banks industry average.
- Middlefield Banc is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Middlefield Banc's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 10.01x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts |
4.5%per year |
| United States of America Banks Industry PEG Ratio | Median Figure of 272 Publicly-Listed Banks Companies | 1.37x |
| United States of America Market PEG Ratio | Median Figure of 2,128 Publicly-Listed Companies | 1.53x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 10.01x ÷ 4.5% |
2.21x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Middlefield Banc is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Middlefield Banc's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $40.44 |
| NasdaqCM:MBCN Share Price * | NasdaqCM (2019-06-19) in USD | $39.68 |
| United States of America Banks Industry PB Ratio | Median Figure of 603 Publicly-Listed Banks Companies | 1.2x |
| United States of America Market PB Ratio | Median Figure of 5,246 Publicly-Listed Companies | 1.8x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqCM:MBCN Share Price ÷ Book Value per Share (both in USD) = 39.68 ÷ 40.44 |
0.98x |
* Primary Listing of Middlefield Banc.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Middlefield Banc is good value based on assets compared to the US Banks industry average.
Value checks
We assess Middlefield Banc's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) Middlefield Banc has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
MBCN Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Middlefield Banc's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Middlefield Banc's earnings growth is positive but not above the United States of America market average.
- Middlefield Banc's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqCM:MBCN Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts | 4.5% |
| NasdaqCM:MBCN Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts | 12.3% |
| United States of America Banks Industry Earnings Growth Rate | Market Cap Weighted Average | 3.9% |
| United States of America Banks Industry Revenue Growth Rate | Market Cap Weighted Average | 3.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.9% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 56 | 14 | 2 | |
| 2019-12-31 | 52 | 13 | 2 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 44 | 13 | 13 |
| 2018-12-31 | 43 | 14 | 12 |
| 2018-09-30 | 42 | 17 | 11 |
| 2018-06-30 | 42 | 22 | 11 |
| 2018-03-31 | 42 | 18 | 10 |
| 2017-12-31 | 41 | 14 | 9 |
| 2017-09-30 | 38 | 7 | 9 |
| 2017-06-30 | 35 | 0 | 8 |
| 2017-03-31 | 32 | 4 | 7 |
| 2016-12-31 | 29 | 8 | 6 |
| 2016-09-30 | 29 | 8 | 7 |
| 2016-06-30 | 29 | 9 | 7 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
All data from Middlefield Banc Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 4.23 | 4.28 | 4.18 | 2.00 |
| 2019-12-31 | 3.96 | 3.97 | 3.95 | 2.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 3.97 |
| 2018-12-31 | 3.85 |
| 2018-09-30 | 3.53 |
| 2018-06-30 | 3.28 |
| 2018-03-31 | 3.15 |
| 2017-12-31 | 3.12 |
| 2017-09-30 | 3.13 |
| 2017-06-30 | 2.99 |
| 2017-03-31 | 3.05 |
| 2016-12-31 | 3.04 |
| 2016-09-30 | 3.23 |
| 2016-06-30 | 3.63 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Middlefield Banc will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Middlefield Banc's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Middlefield Banc has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
MBCN Past Performance
How has Middlefield Banc performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Middlefield Banc's year on year earnings growth rate has been positive over the past 5 years.
- Middlefield Banc's 1-year earnings growth exceeds its 5-year average (28.9% vs 12.7%)
- Middlefield Banc's earnings growth has not exceeded the US Banks industry average in the past year (28.9% vs 40.4%).
Earnings and Revenue History
All data from Middlefield Banc Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 43.98 | 12.84 | 22.97 | |
| 2018-12-31 | 43.34 | 12.43 | 22.86 | |
| 2018-09-30 | 42.40 | 11.39 | 21.96 | |
| 2018-06-30 | 42.08 | 10.55 | 21.93 | |
| 2018-03-31 | 41.54 | 9.96 | 21.51 | |
| 2017-12-31 | 41.16 | 9.46 | 21.02 | |
| 2017-09-30 | 38.27 | 8.73 | 20.12 | |
| 2017-06-30 | 34.86 | 7.61 | 18.37 | |
| 2017-03-31 | 32.17 | 7.03 | 17.06 | |
| 2016-12-31 | 29.19 | 6.42 | 16.00 | |
| 2016-09-30 | 29.23 | 6.51 | 15.72 | |
| 2016-06-30 | 29.16 | 7.15 | 15.85 | |
| 2016-03-31 | 28.79 | 6.72 | 15.98 | |
| 2015-12-31 | 28.50 | 6.87 | 14.99 | |
| 2015-09-30 | 28.15 | 7.00 | 15.34 | |
| 2015-06-30 | 27.79 | 6.94 | 14.73 | |
| 2015-03-31 | 27.37 | 7.05 | 14.38 | |
| 2014-12-31 | 27.02 | 7.18 | 13.78 | |
| 2014-09-30 | 27.07 | 7.11 | 13.96 | |
| 2014-06-30 | 26.74 | 7.06 | 13.68 | |
| 2014-03-31 | 26.23 | 7.13 | 13.20 | |
| 2013-12-31 | 25.88 | 7.03 | 12.97 | |
| 2013-09-30 | 23.98 | 6.48 | 12.18 | |
| 2013-06-30 | 23.95 | 6.46 | 11.88 | |
| 2013-03-31 | 23.98 | 6.42 | 11.81 | |
| 2012-12-31 | 23.58 | 6.28 | 11.37 | |
| 2012-09-30 | 23.55 | 6.34 | 11.35 | |
| 2012-06-30 | 22.25 | 5.57 | 11.08 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Middlefield Banc has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Middlefield Banc used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
- Unable to establish if Middlefield Banc improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Middlefield Banc's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Middlefield Banc has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
MBCN Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Middlefield Banc Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 131.70 | 104.57 | 121.05 |
| 2018-12-31 | 128.29 | 99.20 | 90.63 |
| 2018-09-30 | 124.23 | 64.26 | 81.95 |
| 2018-06-30 | 122.72 | 106.83 | 71.25 |
| 2018-03-31 | 120.15 | 37.70 | 33.26 |
| 2017-12-31 | 119.86 | 103.77 | 24.09 |
| 2017-09-30 | 118.49 | 59.55 | 48.93 |
| 2017-06-30 | 117.20 | 102.73 | 39.57 |
| 2017-03-31 | 99.32 | 115.60 | 62.36 |
| 2016-12-31 | 76.96 | 77.80 | 29.60 |
| 2016-09-30 | 78.19 | 42.52 | 23.28 |
| 2016-06-30 | 77.58 | 52.08 | 22.13 |
| 2016-03-31 | 63.76 | 36.00 | 30.22 |
| 2015-12-31 | 62.30 | 45.76 | 16.85 |
| 2015-09-30 | 67.22 | 14.35 | 23.30 |
| 2015-06-30 | 64.81 | 14.98 | 22.65 |
| 2015-03-31 | 65.68 | 15.45 | 45.26 |
| 2014-12-31 | 63.87 | 25.43 | 18.84 |
| 2014-09-30 | 61.52 | 16.24 | 29.30 |
| 2014-06-30 | 59.17 | 18.30 | 25.58 |
| 2014-03-31 | 56.69 | 16.79 | 42.81 |
| 2013-12-31 | 53.47 | 22.42 | 18.79 |
| 2013-09-30 | 52.53 | 24.48 | 32.19 |
| 2013-06-30 | 52.55 | 18.04 | 40.43 |
| 2013-03-31 | 55.85 | 18.02 | 45.63 |
| 2012-12-31 | 55.44 | 19.51 | 38.25 |
| 2012-09-30 | 55.09 | 22.35 | 52.61 |
| 2012-06-30 | 53.16 | 23.32 | 42.86 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- Middlefield Banc has an acceptable proportion of non-loan assets held.
- Middlefield Banc's liabilities are made up of primarily low risk sources of funding.
- Loans at Middlefield Banc are broadly funded by customer deposits.
- Middlefield Banc's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
- Middlefield Banc has a low allowance for bad loans.
- Middlefield Banc has an acceptable level of bad loans (less than 2%).
Financial health checks
We assess Middlefield Banc's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Middlefield Banc has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
MBCN Dividends
What is Middlefield Banc's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Middlefield Banc
shares you are expected to receive
$56
in your first year as a dividend.
Dividend Amount
- Middlefield Banc's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
- Middlefield Banc's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| United States of America Banks Industry Average Dividend Yield | Market Cap Weighted Average of 478 Stocks | 2.9% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2011 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 1.20 | 1.00 |
| 2019-12-31 | 1.12 | 1.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-12 | 1.120 | 2.743 |
| 2018-11-21 | 1.120 | 2.595 |
| 2018-08-14 | 1.120 | 2.357 |
| 2018-05-15 | 1.120 | 2.190 |
| 2018-02-14 | 1.120 | 2.237 |
| 2017-11-14 | 1.080 | 2.260 |
| 2017-08-15 | 1.080 | 2.374 |
| 2017-05-11 | 1.080 | 2.189 |
| 2017-02-14 | 1.080 | 2.490 |
| 2016-11-16 | 1.080 | 2.805 |
| 2016-08-11 | 1.080 | 3.176 |
| 2016-07-20 | 1.080 | 3.240 |
| 2016-02-12 | 1.080 | 3.371 |
| 2015-11-11 | 1.080 | 3.229 |
| 2015-08-13 | 1.080 | 3.480 |
| 2015-05-21 | 1.080 | 3.350 |
| 2015-02-23 | 1.040 | 3.224 |
| 2014-11-21 | 1.040 | 3.081 |
| 2014-08-14 | 1.040 | 3.210 |
| 2014-05-16 | 1.040 | 3.581 |
| 2014-02-14 | 1.040 | 3.816 |
| 2014-02-04 | 1.040 | 3.820 |
| 2013-11-05 | 1.040 | 4.042 |
| 2013-08-07 | 1.040 | 3.831 |
| 2013-07-31 | 1.040 | 3.586 |
| 2013-05-14 | 1.040 | 3.697 |
| 2013-04-24 | 1.040 | 3.750 |
| 2013-03-15 | 1.040 | 3.515 |
| 2013-01-28 | 1.040 | 3.385 |
| 2012-11-09 | 1.040 | 3.840 |
| 2012-10-26 | 1.040 | 4.528 |
| 2012-08-14 | 1.040 | 4.564 |
| 2012-07-26 | 1.040 | 4.516 |
| 2012-02-16 | 1.040 | 4.816 |
| 2012-02-07 | 1.040 | 5.606 |
| 2011-11-10 | 1.040 | 5.976 |
| 2011-11-02 | 1.040 | 6.133 |
| 2011-05-16 | 1.040 | 6.024 |
| 2011-02-15 | 1.040 | 5.879 |
| 2010-11-15 | 1.040 | 5.997 |
| 2010-08-11 | 1.040 | 6.017 |
| 2010-07-29 | 1.040 | 5.723 |
| 2010-02-10 | 1.040 | 5.057 |
| 2009-11-13 | 1.040 | 5.486 |
| 2009-08-28 | 1.040 | 6.450 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Middlefield Banc's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (3.5x coverage).
- Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Income/ dividend checks
We assess Middlefield Banc's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Middlefield Banc afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Middlefield Banc has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
MBCN Management
CEO
| COMPENSATION | $624,169 |
| AGE | 61 |
| TENURE AS CEO | 18.7 years |
CEO Bio
Mr. Thomas G. Caldwell has been the Chief Executive Officer and President of Middlefield Banc Corp. since October 2000. Mr. Caldwell serves as the President and Chief Executive Officer of The Middlefield Banking Company. He served as the President and Chief Executive Officer of Emarald Bank. He served as Vice President of Middlefield until October 2000. Mr. Caldwell has been a Director of Middlefield Banc Corp., since 1997. He serves as a Director of Middlefield Banking Company. He served as a Director of Emarald Bank since 2007.
CEO Compensation
- Thomas's compensation has been consistent with company performance over the past year, both up more than 20%.
- Thomas's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Middlefield Banc management team in years:
- The average tenure for the Middlefield Banc management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Thomas Caldwell
President
$624K
61
18.7 yrs
Donald Stacy
Executive VP
$290K
65
18.7 yrs
Jim Heslop
Executive VP
$431K
65
18.7 yrs
Shalini Singhal
42
Teresa Hetrick
Executive VP of Operations & Administration and Assistant Secretary
55
Andrew Berger
Managing Director
Michael Allen
55
Kathleen Johnson
Secretary
64
Thomas Hart
Financial Consultant
Board of Directors Tenure
Average tenure and age of the Middlefield Banc board of directors in years:
- The tenure for the Middlefield Banc board of directors is about average.
Board of Directors
Bill Skidmore
Chairman of the Board
$45K
62
0.1 yrs
Thomas Caldwell
President
$624K
61
22.4 yrs
James McCaskey
Vice Chairman
$39K
54
0.1 yrs
Jim Heslop
Executive VP
$431K
65
17.6 yrs
Carolyn Turk
Director
$58K
62
6.1 yrs
Bob Toth
Director
$41K
73
10.1 yrs
Eric Hummel
Director
$38K
73
8.1 yrs
Ken Jones
Director
$43K
69
11.4 yrs
Darryl Mast
Director
$46K
67
6.1 yrs
Clayton Rose
Director
$42K
65
5.4 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Middlefield Banc insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 21. May 19 | Buy | Thomas Caldwell | Individual | 21. May 19 | 21. May 19 | 1,000 | $39.50 | $39,500 | ||
| 17. May 19 | Buy | Darryl Mast | Individual | 15. May 19 | 15. May 19 | 1,000 | $39.65 | $39,646 | ||
| 14. May 19 | Buy | James Heslop | Individual | 13. May 19 | 13. May 19 | 200 | $40.84 | $8,168 | ||
| 22. Mar 19 | Buy | Darryl Mast | Individual | 21. Feb 19 | 05. Mar 19 | 1,000 | $43.00 | $42,793 | ||
| 19. Mar 19 | Buy | Clayton Rose | Individual | 15. Mar 19 | 15. Mar 19 | 191 | $42.95 | $8,203 | ||
| 25. Oct 18 | Buy | Darryl Mast | Individual | 23. Oct 18 | 23. Oct 18 | 1,500 | $46.58 | $69,876 | ||
| 03. Aug 18 | Sell | William Skidmore | Individual | 02. Aug 18 | 02. Aug 18 | -700 | $50.45 | $-35,315 | ||
| 25. Jul 18 | Sell | Kenneth Jones | Individual | 24. Jul 18 | 24. Jul 18 | -1,275 | $48.45 | $-61,774 | ||
Management checks
We assess Middlefield Banc's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Middlefield Banc has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
MBCN News
Simply Wall St News
Do You Like Middlefield Banc Corp. (NASDAQ:MBCN) At This P/E Ratio?
Check out our latest analysis for Middlefield Banc How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Middlefield Banc: P/E of 10.09 = $40 ÷ $3.97 (Based on the trailing twelve months to March 2019.) Is A High P/E Ratio Good? … How Does Middlefield Banc's Debt Impact Its P/E Ratio?
Simply Wall St - – Full article3 Days Left Until Middlefield Banc Corp. (NASDAQ:MBCN) Trades Ex-Dividend
See our latest analysis for Middlefield Banc 5 checks you should do on a dividend stock When researching a dividend stock, I always follow the following screening criteria: Does it pay an annual yield higher than 75% of dividend payers? … NasdaqCM:MBCN Historical Dividend Yield, May 26th 2019 How well does Middlefield Banc fit our criteria? … The current trailing twelve-month payout ratio for the stock is 28%, meaning the dividend is sufficiently covered by earnings.
Simply Wall St - – Full articleHow Many Middlefield Banc Corp. (NASDAQ:MBCN) Shares Have Insiders Sold, In The Last Year?
So we'll take a look at whether insiders have been buying or selling shares in Middlefield Banc Corp. … View our latest analysis for Middlefield Banc Middlefield Banc Insider Transactions Over The Last Year In the last twelve months, the biggest single sale by an insider was when the Director, Kenneth Jones, sold US$104k worth of shares at a price of US$51.89 per share. … From our data, it seems that Middlefield Banc insiders own 6.7% of the company, worth about US$8.9m.
Simply Wall St - – Full articleHow Do Analysts See Middlefield Banc Corp. (NASDAQ:MBCN) Performing In The Next Couple Of Years?
In December 2018, Middlefield Banc Corp. … (NASDAQ:MBCN) released its latest earnings announcement, whicha
Simply Wall St - – Full articleWhy Middlefield Banc Corp. (NASDAQ:MBCN) Is A Dividend Rockstar
Over the past 10 years Middlefield Banc Corp. … Does Middlefield Banc tick all the boxes of a great dividend stock? … Check out our latest analysis for Middlefield Banc
Simply Wall St - – Full articleDo Directors Own Middlefield Banc Corp. (NASDAQ:MBCN) Shares?
Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Middlefield Banc is not a large company by global standards. … View our latest analysis for Middlefield Banc
Simply Wall St - – Full articleWhat Makes Middlefield Banc Corp. (NASDAQ:MBCN) A Hard Investment?
As a small-cap finance stock with a market capitalisation of US$146m, the risk and profitability of Middlefield Banc Corp. … After the Financial Crisis in 2008, a set of reforms called Basel III was created with the purpose of strengthening regulation, risk management and supervision in the banking sector. … Basel III target banking regulations to improve the sector’s ability to absorb shocks resulting from economic stress which may expose financial institutions like Middlefield Banc to vulnerabilities.
Simply Wall St - – Full articleOnly 4 Days Left To Cash In On Middlefield Banc Corp. (NASDAQ:MBCN) Dividend
Have you been keeping an eye on Middlefield Banc Corp.'s (NASDAQ:MBCN) upcoming dividend of US$0.28 per share payable on the 15 March 2019? … Below, I will explain how holding Middlefield Banc can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:?
Simply Wall St - – Full articleDoes Middlefield Banc Corp.'s (NASDAQ:MBCN) CEO Salary Compare Well With Others?
In 2000 Thomas Caldwell was appointed CEO of Middlefield Banc Corp. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Thomas Caldwell's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleDid Middlefield Banc Corp. (NASDAQ:MBCN) Insiders Sell Shares?
So we'll take a look at whether insiders have been buying or selling shares in Middlefield Banc Corp. … Middlefield Banc Insider Transactions Over The Last Year. … So what is clear is that an insider saw fit to sell at around the current price of US$44.45
Simply Wall St - – Full articleMBCN Company Info
Description
Middlefield Banc Corp. operates as the bank holding company for The Middlefield Banking Company that provides various commercial banking services to small and medium-sized businesses, professionals, small business owners, and retail customers in northeastern and central Ohio. It accepts checking, savings, negotiable order of withdrawal, and money market accounts, as well as time certificates of deposit and IRA accounts. The company offers operational and working capital, term business, residential construction, professional, and residential and mortgage loans, as well as consumer installment loans for home improvements, automobiles, boats, and other personal expenditures; loans to finance capital purchases; selected guaranteed or subsidized loan programs for small businesses; and agricultural loans. It also provides safe deposit facilities, travelers’ and official checks, money orders, and ATM services; online banking and bill payment services to individuals; and online cash management services to business customers. In addition, the company resolves and disposes troubled assets in Ohio. As of January 17, 2019, it had 15 full-service banking centers and an LPL Financial brokerage office serving Beachwood, Chardon, Cortland, Dublin, Garrettsville, Mantua, Middlefield, Newbury, Orwell, Powell, Solon, Sunbury, Twinsburg, and Westerville, as well as a loan production office in Mentor, Ohio. The company was founded in 1901 and is headquartered in Middlefield, Ohio.
Details
| Name: | Middlefield Banc Corp. |
| MBCN | |
| Exchange: | NasdaqCM |
| Founded: | 1901 |
| $129,226,689 | |
| 3,256,721 | |
| Website: | http://www.middlefieldbank.bank |
| Address: |
Middlefield Banc Corp. 15985 East High Street, PO Box 35, Middlefield, Ohio, 44062, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqCM | MBCN | Common Stock | Nasdaq Capital Market | US | USD | 25. Jun 2003 |
Number of employees
Current staff
Industry
| Regional Banks | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/19 23:47 |
| End of day share price update: | 2019/06/19 00:00 |
| Last estimates confirmation: | 2019/04/23 |
| Last earnings filing: | 2019/05/07 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
