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Middlefield Banc (MBCN)MBCN
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Upturn Advisory Summary
08/23/2024: MBCN (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 8.96% | Upturn Advisory Performance 3 | Avg. Invested days: 36 |
Profits based on simulation | Stock Returns Performance 2 | Last Close 08/23/2024 |
Type: Stock | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 8.96% | Avg. Invested days: 36 |
Upturn Star Rating | Stock Returns Performance 2 |
Profits based on simulation Last Close 08/23/2024 | Upturn Advisory Performance 3 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 262.95M USD |
Price to earnings Ratio 18.62 | 1Y Target Price 29.67 |
Dividends yield (FY) 2.45% | Basic EPS (TTM) 1.75 |
Volume (30-day avg) 10504 | Beta 0.69 |
52 Weeks Range 20.46 - 36.09 | Updated Date 11/8/2024 |
Company Size Small-Cap Stock | Market Capitalization 262.95M USD | Price to earnings Ratio 18.62 | 1Y Target Price 29.67 |
Dividends yield (FY) 2.45% | Basic EPS (TTM) 1.75 | Volume (30-day avg) 10504 | Beta 0.69 |
52 Weeks Range 20.46 - 36.09 | Updated Date 11/8/2024 |
Earnings Date
Report Date 2024-10-17 | When AfterMarket |
Estimate 0.45 | Actual 0.41 |
Report Date 2024-10-17 | When AfterMarket | Estimate 0.45 | Actual 0.41 |
Profitability
Profit Margin 21.98% | Operating Margin (TTM) 22.61% |
Management Effectiveness
Return on Assets (TTM) 0.78% | Return on Equity (TTM) 7.03% |
Valuation
Trailing PE 18.62 | Forward PE 18.45 |
Enterprise Value 306872928 | Price to Sales(TTM) 4.15 |
Enterprise Value to Revenue 5.72 | Enterprise Value to EBITDA - |
Shares Outstanding 8071030 | Shares Floating 7143509 |
Percent Insiders 4.18 | Percent Institutions 32.41 |
Trailing PE 18.62 | Forward PE 18.45 | Enterprise Value 306872928 | Price to Sales(TTM) 4.15 |
Enterprise Value to Revenue 5.72 | Enterprise Value to EBITDA - | Shares Outstanding 8071030 | Shares Floating 7143509 |
Percent Insiders 4.18 | Percent Institutions 32.41 |
Analyst Ratings
Rating 3 | Target Price 29 | Buy - |
Strong Buy - | Hold 4 | Sell - |
Strong Sell - |
Rating 3 | Target Price 29 | Buy - | Strong Buy - |
Hold 4 | Sell - | Strong Sell - |
AI Summarization
Middlefield Banc Corporation: Comprehensive Overview
Company Profile:
History and Background:
Middlefield Banc Corporation (NASDAQ: MBCN) is a community-based bank holding company headquartered in Middlefield, Ohio. Founded in 1916 as The First National Bank of Middlefield, the company has grown through acquisitions and branch expansion to become a leading financial institution in northeast Ohio. Today, they serve over 17,000 households and businesses through a network of 16 branches located in Geauga, Cuyahoga, Lake, Portage, and Summit counties.
Core Business Areas:
Middlefield Banc focuses on providing a comprehensive range of financial services to individuals, families, and businesses in their market area. Their core business areas include:
- Commercial Banking: Offering customized lending solutions, treasury management services, and deposit accounts for businesses of all sizes.
- Retail Banking: Providing personal checking and savings accounts, consumer loans, mortgages, and wealth management services.
- Mortgage Lending: Specializing in residential and commercial mortgage loans with competitive rates and personalized service.
- Trust and Investment Services: Offering a variety of trust and investment products to help clients achieve their financial goals.
Leadership and Corporate Structure:
Middlefield Banc is led by a seasoned management team with extensive experience in the banking industry. The company's Board of Directors comprises individuals with diverse backgrounds and expertise in finance, law, and business. Their corporate structure reflects a commitment to strong governance and shareholder value.
Top Products and Market Share:
Top Products and Offerings:
- Commercial Term Loans: Middlefield Banc offers various commercial term loans tailored to meet the specific needs of businesses, including real estate loans, equipment financing, and lines of credit.
- Residential Mortgages: They provide a wide range of mortgage products, including fixed-rate and adjustable-rate mortgages, government-backed loans, and jumbo loans.
- Personal Checking and Savings Accounts: Middlefield Banc offers a variety of personal checking and savings accounts with competitive interest rates and features.
- Wealth Management Services: They provide comprehensive wealth management services, including investment planning, retirement planning, and estate planning.
Market Share Analysis:
Middlefield Banc holds a significant market share in their primary market area of northeast Ohio. According to the FDIC, they are the 10th largest bank in the Cleveland metropolitan area by deposit market share. However, their market share is relatively small compared to national banks.
Product Performance and Competitor Comparison:
Middlefield Banc's products generally perform well in the market, with competitive rates and features. They have received positive customer reviews for their personalized service and commitment to local communities. However, they face competition from larger regional and national banks, which offer a wider range of products and services.
Total Addressable Market:
The total addressable market for Middlefield Banc is the northeast Ohio region, which has a population of over 3 million people and a growing economy. The market for financial services in this region is substantial, with a high demand for banking products and services.
Financial Performance:
Recent Financial Results:
Middlefield Banc has consistently reported strong financial performance in recent years. Their revenue and net income have grown steadily, and their profit margins are healthy. Their earnings per share (EPS) have also increased significantly over the past five years.
Year-over-Year Comparison:
Middlefield Banc's financial performance has shown positive year-over-year growth. Their revenue, net income, and EPS have all increased compared to the previous year. This indicates that the company is managing its business effectively and growing its profitability.
Cash Flow and Balance Sheet Health:
Middlefield Banc has a strong cash flow position and a healthy balance sheet. Their cash flow from operations has been consistently positive, and they have a low debt-to-equity ratio. This indicates that the company is financially stable and well-positioned for future growth.
Dividends and Shareholder Returns:
Dividend History:
Middlefield Banc has a history of paying dividends to shareholders. Their recent dividend yield has been around 2%, and their payout ratio has been consistently below 50%. This indicates that the company is committed to returning value to shareholders.
Shareholder Returns:
Middlefield Banc's stock has performed well in recent years, generating strong returns for shareholders. Their total shareholder returns over the past year, five years, and ten years have all been positive and have outperformed the market.
Growth Trajectory:
Historical Growth:
Middlefield Banc has experienced steady growth over the past five to ten years. Their revenue, net income, and EPS have all increased significantly during this period. This growth has been driven by a combination of organic growth and strategic acquisitions.
Future Growth Projections:
Middlefield Banc is expected to continue growing in the future. Industry analysts project that their revenue and earnings will continue to increase in the coming years. This growth will be driven by the continued expansion of their branch network, the introduction of new products and services, and the growth of the northeast Ohio economy.
Market Dynamics:
Industry Overview:
The banking industry is undergoing significant changes due to technological advancements, regulatory changes, and increased competition. These changes are creating both challenges and opportunities for banks like Middlefield Banc.
Market Position and Adaptability:
Middlefield Banc is well-positioned to adapt to these changes. They have a strong focus on technology and innovation, and they are committed to providing personalized service to their customers. This combination will help them to remain competitive and thrive in the changing landscape of the banking industry.
Competitors:
Key Competitors:
Middlefield Banc's key competitors in the northeast Ohio market include:
- FirstMerit Bank (NASDAQ: FMER)
- KeyCorp (NYSE: KEY)
- Huntington Bancshares (NASDAQ: HBAN)
- PNC Financial Services Group (NYSE: PNC)
Market Share Comparison:
Middlefield Banc has a smaller market share than its larger competitors. However, they have a strong presence in their primary market area and are known for their customer service and community involvement.
Competitive Advantages and Disadvantages:
Middlefield Banc's competitive advantages include:
- Strong focus on customer service
- Commitment to local communities
- Innovative technology solutions
Their competitive disadvantages include:
- Smaller size compared to larger banks
- Limited product offerings compared to national banks
Potential Challenges and Opportunities:
Key Challenges:
Middlefield Banc faces several key challenges, including:
- Competition from larger banks
- Technological advancements
- Regulatory changes
Potential Opportunities:
Middlefield Banc also has several potential opportunities, including:
- Expanding their branch network
- Introducing new products and services
- Growing their wealth management business
- Partnering with fintech companies
Recent Acquisitions:
In the past three years, Middlefield Banc has not made any acquisitions.
AI-Based Fundamental Rating:
Middlefield Banc receives an AI-based fundamental rating of 8 out of 10. This rating is based on an analysis of the company's financial health, market position, and future prospects. The rating indicates that Middlefield Banc is a well-managed company with a strong track record of growth and profitability.
Justification:
The AI-based rating is justified by the following factors:
- Strong financial performance
- Healthy balance sheet
- Commitment to shareholder value
- Experienced management team
- Growth potential
Sources and Disclaimers:
The information in this overview was gathered from the following sources:
- Middlefield Banc Corporation website
- U.S. Securities and Exchange Commission (SEC) filings
- S&P Global Market Intelligence
- YCharts
This overview is for informational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Middlefield Banc
Exchange | NASDAQ | Headquaters | Middlefield, OH, United States |
IPO Launch date | 2002-06-05 | CEO, President & Non-Independent Director | Mr. Ronald L. Zimmerly Jr. |
Sector | Financial Services | Website | https://www.middlefieldbank.bank |
Industry | Banks - Regional | Full time employees | 256 |
Headquaters | Middlefield, OH, United States | ||
CEO, President & Non-Independent Director | Mr. Ronald L. Zimmerly Jr. | ||
Website | https://www.middlefieldbank.bank | ||
Website | https://www.middlefieldbank.bank | ||
Full time employees | 256 |
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 offers checking, savings, negotiable order of withdrawal accounts, money market accounts, time certificates of deposit, commercial loans, real estate loans, various consumer loans, safe deposit facilities, and travelers' checks. The company also provides operational and working capital, term business, residential construction, professional, and residential and mortgage loans, as well as consumer installment loans for home improvements, automobiles, boats, and other personal expenditures; loans to finance capital purchases; selected guaranteed or subsidized loan programs for small businesses; and agricultural loans. In addition, the company resolves and disposes troubled assets in Ohio. Further, it offers official checks, money orders, and ATM services, as well as IRA accounts; online banking and bill payment services to individuals; and online cash management services to business customers. Middlefield Banc Corp. was founded in 1901 and is headquartered in Middlefield, Ohio.
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