Hovde Group resumed coverage of Middlefield Banc with a rating of Market Perform and set a new price target of $25.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/27/2025 | $28.00 → $25.00 | Market Perform | Hovde Group |
| 5/1/2024 | $25.00 → $23.00 | Market Perform | Hovde Group |
| 4/1/2024 | $25.00 | Market Perform | Hovde Group |
| 10/13/2023 | $29.00 | Market Perform | Hovde Group |
| 8/31/2023 | Mkt Perform | Raymond James | |
| 12/21/2022 | $30.00 | Neutral | Janney |
On October 22, 2025, Canfield, OH-based Farmers National Banc Corp. (NASDAQ:FMNB) (KBRA Senior Unsecured Debt rating: BBB/Stable Outlook) announced a definitive agreement with Middlefield, OH-based Middlefield Banc Corp., (NASDAQ:MBCN) ("Middlefield", $2.0 billion assets, $1.6 billion deposits) in an all-stock deal valued at $299.0 million, reflective of a price to TBV of 1.6x with expected TBV dilution earn back of ~3 years. The merger is expected to close in 1Q26. The proforma bank will have $7.4 billion in assets, $5.0 billion in loans, and $6.1 billion in deposits. Overall, the impact on FMNB's capital position is expected to be moderate, with a reported pro forma CET1 ratio of approxim
MIDDLEFIELD, Ohio, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today reported financial results for the nine months ended September 30, 2025. 2025 Third-Quarter Financial Highlights (on a year-over-year basis): ●Third quarter diluted earnings increased to $0.65 per share, driving year-to-date earnings of $2.01 per share ●Pre-tax, pre-provision earnings(1) increased 37.3% to $6.8 million ●Net interest margin expanded 33 basis points to 3.79% ●Total loans increased $102.5 million, or 6.8% to a record $1.61 billion ●Total assets increased $121.3 million, or 6.5% to a record $1.98 billion ●Book value increased 6.1% to $27.71 from $26.11 per share, while tangible b
MIDDLEFIELD, Ohio, Oct. 03, 2025 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today announced that Tim Oyster has been appointed VP, Western Ohio Commercial Relationship Manager. In this role, Oyster will focus on delivering strategic advice to business clients in the Western Ohio Region, helping them improve cash flow, finance key assets, and mitigate risk. Mike Cheravitch, Chief Banking Officer, stated, "As we expand our commercial banking operations, Tim offers the expertise, leadership, and strong community involvement that will benefit our clients, develop commercial relationships, and enhance our footprint in Western Ohio. Today's announcement reflects our ongoing dedi
4 - MIDDLEFIELD BANC CORP (0000836147) (Issuer)
4 - MIDDLEFIELD BANC CORP (0000836147) (Issuer)
4 - MIDDLEFIELD BANC CORP (0000836147) (Issuer)
4 - MIDDLEFIELD BANC CORP (0000836147) (Issuer)
4 - MIDDLEFIELD BANC CORP (0000836147) (Issuer)
4 - MIDDLEFIELD BANC CORP (0000836147) (Issuer)
Hovde Group reiterated coverage of Middlefield Banc with a rating of Market Perform and set a new price target of $25.00 from $28.00 previously
Hovde Group reiterated coverage of Middlefield Banc with a rating of Market Perform and set a new price target of $23.00 from $25.00 previously
Hovde Group resumed coverage of Middlefield Banc with a rating of Market Perform and set a new price target of $25.00
MIDDLEFIELD, Ohio, Oct. 03, 2025 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today announced that Tim Oyster has been appointed VP, Western Ohio Commercial Relationship Manager. In this role, Oyster will focus on delivering strategic advice to business clients in the Western Ohio Region, helping them improve cash flow, finance key assets, and mitigate risk. Mike Cheravitch, Chief Banking Officer, stated, "As we expand our commercial banking operations, Tim offers the expertise, leadership, and strong community involvement that will benefit our clients, develop commercial relationships, and enhance our footprint in Western Ohio. Today's announcement reflects our ongoing dedi
John Cunningham appointed Northeast Ohio Commercial Market ExecutiveThomas Young appointed Northeast Ohio Commercial Relationship ManagerNick Paradiso appointed Central Ohio Commercial Relationship ManagerMiddlefield also announces the retirement of Jack Gregorin Northeast Ohio Commercial Relationship Manager MIDDLEFIELD, Ohio, July 31, 2025 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today announced that John Cunningham has been appointed Northeast Ohio Commercial Market Executive, Thomas Young has been appointed Northeast Ohio Commercial Relationship Manager, and Nick Paradiso has been appointed Central Ohio Commercial Relationship Manager. These additions reflect Middlefie
MIDDLEFIELD, Ohio, May 22, 2025 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today announced the retirement of Darryl E. Mast from its Board of Directors, effective May 14, 2025. Mr. Mast joined the Middlefield Banking Company's Board of Directors in 2011 and has been a Director of Middlefield Banc Corp. since 2013. His leadership, insight, and expertise have been integral to the success of Middlefield Banc Corp. and The Middlefield Banking Company, and his contributions have left a lasting impact. "We are grateful for Darryl's unwavering commitment to the Bank," stated Ronald L. Zimmerly, Jr., President and Chief Executive Officer. "His leadership has been instrumental in sh
MIDDLEFIELD, Ohio, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today reported financial results for the nine months ended September 30, 2025. 2025 Third-Quarter Financial Highlights (on a year-over-year basis): ●Third quarter diluted earnings increased to $0.65 per share, driving year-to-date earnings of $2.01 per share ●Pre-tax, pre-provision earnings(1) increased 37.3% to $6.8 million ●Net interest margin expanded 33 basis points to 3.79% ●Total loans increased $102.5 million, or 6.8% to a record $1.61 billion ●Total assets increased $121.3 million, or 6.5% to a record $1.98 billion ●Book value increased 6.1% to $27.71 from $26.11 per share, while tangible b
MIDDLEFIELD, Ohio, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today announced that its Board of Directors declared a quarterly cash dividend of $0.21 per common share. The 2025 third-quarter dividend is payable on September 12, 2025, to shareholders of record on August 29, 2025. About Middlefield Banc Corp. Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the Bank holding Company of The Middlefield Banking Company, with total assets of $1.92 billion at June 30, 2025. The Bank operates 21 full-service banking centers and an LPL Financial® brokerage office serving Ada, Beachwood, Bellefontaine, Chardon, Cortland, Dublin, Garrettsville, Kenton, Man
MIDDLEFIELD, Ohio, July 22, 2025 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today reported financial results for the six months ended June 30, 2025. 2025 Second-Quarter Financial Highlights (on a year-over-year basis): ●Earnings per share increased 46.2% year-over-year to $0.76 per diluted share ●Asset quality improved from the 2024 fourth quarter with nonperforming assets to total assets decreasing by 32 basis points to 1.30% ●Net interest margin expanded 37 basis points to 3.88% and increased 19 basis points from the 2025 first quarter ●Total loans increased $84.2 million, or 5.6% to a record $1.58 billion ●Total assets increased $96.2 million, or 5.3% to a record $1.92 b
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