Middlefield Banc Corp. – Consensus Indicates Potential 14.4% Upside

Broker Ratings

Middlefield Banc Corp. with ticker code (MBCN) have now 2 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 26 and 24 calculating the mean target price we have 25. With the stocks previous close at 21.86 this indicates there is a potential upside of 14.4%. The day 50 moving average is 21.53 and the 200 day MA is 19.82. The market cap for the company is $137m. Company Website: http://www.middlefieldbank.bank

The potential market cap would be $157m based on the market concensus.

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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 December 31, 2019, it had financial service offices in Beachwood, Chardon, Cortland, Dublin, Garrettsville, Mantua, Middlefield, Newbury, Orwell, Powell, Solon, Sunbury, Twinsburg, Plain City, and Westerville, as well as a loan production office in Mentor, Ohio. The company was founded in 1901 and is headquartered in Middlefield, Ohio.

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