Middlefield Banc Corp. – Consensus indicates a potential increase of 14.4%

Middlefield Banc Corp. with ticker code (MBCN) now have 2 analysts covering the stock. Analyst consensus indicates a rating of “Hold”. The target price is between 26 and 24 with an average TP of 25. With the stock’s previous close at 21.86, this would imply a potential upside of 14.4%. There is a 50-day moving average of 21.53 while the 200-day moving average is 19.82. The company has a market capitalization of $ 137 million. For more information, visit: http://www.middlefieldbank.bank

Middlefield Banc Corp. operates as a banking holding company for The Middlefield Banking Company which provides a variety of commercial banking services to small and medium businesses, professionals, small business owners and retail clients in Northeast and Central Ohio . It accepts checking, savings, negotiable withdrawal orders and money market accounts, as well as certificates of deposit and IRA accounts. The company offers operating and working capital loans, commercial term loans, residential construction loans, business, residential and mortgage loans, as well as consumer installment loans for home renovations, automobiles, boats and other personal expenses; loans to finance capital purchases; certain guaranteed or subsidized loan programs for small businesses; and agricultural loans. It also provides safes, travelers’ and official checks, money orders and ATM services; on-line personal banking and bill payment services; and online cash management services to business customers. In addition, the company resolves and disposes of troubled assets in Ohio. As of December 31, 2019, it had financial services offices in Beachwood, Chardon, Cortland, Dublin, Garrettsville, Mantua, Middlefield, Newbury, Orwell, Powell, Solon, Sunbury, Twinsburg, Plain City and Westerville, as well as an office loan production facility in Mentor, Ohio. The company was founded in 1901 and is headquartered in Middlefield, Ohio.

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