KBW analyst Tim Switzer maintained a Hold rating on Middlefield Banc (MBCN – Research Report) yesterday and set a price target of $30.00. The company’s shares closed yesterday at $21.47.
According to TipRanks, Switzer is a 2-star analyst with an average return of 3.0% and a 50.00% success rate. Switzer covers the Financial sector, focusing on stocks such as First Mid-Illinois Bancshares, Cnb Financial, and Farmers National Banc Oh.
Currently, the analyst consensus on Middlefield Banc is a Hold with an average price target of $30.00.
Based on Middlefield Banc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $17.78 million and a net profit of $3.84 million. In comparison, last year the company earned a revenue of $14.15 million and had a net profit of $4.25 million
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Middlefield Banc (MBCN) Company Description:
Middlefield Banc Corp. is a bank holding company, which through its subsidiary Middlefield Banking Company, engages in the provision of personal and commercial banking services. Its banking services includchecking, savings, negotiable order of withdrawal accounts, money market accounts, time certificates of deposit, commercial loans, real estate loans, a variety of consumer loans, safe deposit facilities, and travelers’ checks. The company was founded in 1988 and is headquartered in Middlefield, OH.
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