Middlefield Banc Corp (MBCN, Financial) reported a robust first quarter for 2025, marked by solid growth and profitability. The company's tangible book value per share increased by 5.5%, reaching $21.29 as of the end of March.
The bank's total loan portfolio witnessed a year-over-year surge of 4%, hitting a record $1.55 billion. This increase was driven by stable economic conditions in Ohio, a robust balance sheet, and effective strategic measures.
Middlefield's disciplined pricing strategies and cost reduction efforts led to an expansion of its net interest margin by 15 basis points. These financial maneuvers contributed to a 15.9% rise in net income, which totaled $4.8 million for the quarter. Additionally, the company achieved a healthy return on average assets of 1.04%.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Middlefield Banc Corp (MBCN, Financial) is $27.67 with a high estimate of $32.00 and a low estimate of $25.00. The average target implies an upside of 8.58% from the current price of $25.48. More detailed estimate data can be found on the Middlefield Banc Corp (MBCN) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, Middlefield Banc Corp's (MBCN, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Middlefield Banc Corp (MBCN, Financial) in one year is $26.60, suggesting a upside of 4.4% from the current price of $25.48. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Middlefield Banc Corp (MBCN) Summary page.
