Middlefield Banc Corp chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 9.24
Dividend & Yield0.80$ (2.75%)
Beta 0.58
Market capitalization 164.5M
Operating cash flow 16.61M
ESG Scores unknown

Company description

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 provides checking, savings, negotiable order of withdrawal accounts, money market accounts, time certificates of deposit, commercial loans, real estate loans, various consumer loans, safe deposit facilities, and travelers' checks. The company also 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. Further, it provides official checks, money orders, ATM services, as well as IRA accounts; 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, 2021, it has 17 banking centers in Chardon, Newbury, and Middlefield, Garrettsville, Mantua, Orwell, Cortland, Dublin, Westerville, Sunbury, Powell, Beachwood, Solon, Twinsburg, and Plain City; as well as an administrative office in Middlefield, and a loan production office in Mentor. Middlefield Banc Corp. was founded in 1901 and is headquartered in Middlefield, Ohio.

Sector: Financial Services - Industry: Banks—Regional

Financial data

Diluted earning per share

Net income vs Operating income

Asset vs Liabilities

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Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities
Total Cashflows From Investing Activities -76.54M 276k -135.32M 70.89M
Net Borrowings -4.57M -85.75M -1.8M -4.2M
Total Cash From Financing Activities 130.31M -86.56M 197.55M -79.23M
Change To Operating Activities 166k 173k -337k -343k
Issuance Of Stock 786k 376k 12k 94k
Net Income 12.43M 12.71M 8.35M 18.63M
Change In Cash 68.05M -72.82M 77.3M 7.08M
Effect Of Exchange Rate
Total Cash From Operating Activities 14.28M 13.46M 15.08M 15.42M
Depreciation 1.3M 1.38M 1.67M 1.74M
Change To Account Receivables
Other Cashflows From Financing Activities 137.87M 4.73M 204.36M -58.59M
Change To Netincome 121k -1.6M 6.78M -6.05M
Capital Expenditures -2.1M -1.9M -1.08M -605k

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 14.59M 15.3M 9.75M 22.7M
Net Income 12.43M 12.71M 8.35M 18.63M
Selling General Administrative 22.86M 24.61M 24.01M 25.77M
Gross Profit 43.34M 45.34M 39.54M 54.78M
Ebit
Operating Income 16.1M 16.39M 10.68M 23.89M
Interest Expense
Income Tax Expense 2.16M 2.59M 1.4M 4.07M
Total Revenue 43.34M 45.34M 39.54M 54.78M
Cost Of Revenue
Total Other Income ExpenseNet -1.51M -1.08M -934k -1.19M
Net Income From Continuing Ops 12.43M 12.71M 8.35M 18.63M
Net Income Applicable To Common Shares 12.43M 12.71M 8.35M 18.63M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 1.12B 1.04B 1.25B 1.19B
Total Stockholder Equity 128.29M 137.78M 143.81M 145.34M
Other Current Liabilities
Total Assets 1.25B 1.18B 1.39B 1.33B
Common Stock 85.92M 86.62M 86.89M 87.13M
Other Current Assets 21.53M 21.19M 6.09M 5.18M
Retained Earnings 56.04M 65.06M 69.58M 83.97M
Treasury Stock -13.67M -13.9M -12.65M -25.77M
Cash 90.63M 18.61M 112.42M 119.49M
Total Current Liabilities 1.11B 1.03B 1.23B 1.17B
Other Stockholder Equity -154k 1.84M 4.28M 3.46M
Property, Plant, and Equipment 13M 18.78M 19.07M 18.14M
Total Current Assets 112.43M 39.96M 125.89M 131.67M
Net Tangible Assets 110.82M 120.65M 127.02M 128.86M
Net Receivables
Accounts Payable 1.02B 1.02B 1.23B 1.17B


Insider Transactions

Here are the insider transactions of stock shares related to Middlefield Banc Corp:

Filer Name Transaction Text Ownership Date Filer Relation Shares
HESLOP JAMES ROBERT IIPurchase at price 29.67 per share.I2022-11-22Chief Executive Officer200
VOINOVICH MICHAEL CPurchase at price 28.89 per share.I2022-10-21Director100
VOINOVICH MICHAEL CPurchase at price 26.75 per share.I2022-09-09Director200
JONES KENNETH E.Purchase at price 27.00 per share.D2022-08-11Director4k
VOINOVICH MICHAEL CPurchase at price 26.99 per share.I2022-08-08Director200
MAST DARRYL EStock Award(Grant) at price 25.20 per share.D2022-07-01Director309
HESLOP JAMES ROBERT IIStock Award(Grant) at price 25.20 per share.D2022-07-01Chief Executive Officer309
MCCASKEY JAMES JStock Award(Grant) at price 25.20 per share.D2022-07-01Director309
MCCASKEY JAMES JStock Award(Grant) at price 25.20 per share.D2022-07-01Director309
TURK CAROLYN JStock Award(Grant) at price 25.20 per share.D2022-07-01Director309
SKIDMORE WILLIAM JStock Award(Grant) at price 25.20 per share.D2022-07-01Director309
JONES KENNETH E.Stock Award(Grant) at price 25.20 per share.D2022-07-01Director309
BEVAN THOMAS W.Stock Award(Grant) at price 25.20 per share.D2022-07-01Director309
VOINOVICH MICHAEL CStock Award(Grant) at price 25.20 per share.D2022-07-01Director309
DIGERONIMO KEVIN A.Stock Award(Grant) at price 25.20 per share.D2022-07-01Director309
VOINOVICH MICHAEL CPurchase at price 24.81 per share.I2022-06-14Director100
HESLOP JAMES ROBERT IIPurchase at price 25.00 per share.I2022-06-09Chief Executive Officer492
VOINOVICH MICHAEL CPurchase at price 24.91 - 25.00 per share.I2022-06-09Director1k
HESLOP JAMES ROBERT IIPurchase at price 25.00 per share.I2022-06-08Chief Executive Officer4
HESLOP JAMES ROBERT IIPurchase at price 25.00 per share.D2022-06-03Chief Executive Officer4
HESLOP JAMES ROBERT IIPurchase at price 25.00 per share.I2022-06-03Chief Executive Officer4
JONES KENNETH E.Purchase at price 24.90 per share.D2022-06-01Director4k
HESLOP JAMES ROBERT IIStock Award(Grant) at price 25.52 per share.D2022-03-01Chief Operating Officer2.73k
STACY DONALD LStock Award(Grant) at price 25.52 per share.D2022-03-01Chief Financial Officer2.28k
THOMPSON ALFRED F JRStock Award(Grant) at price 25.52 per share.D2022-03-01Officer407
CALDWELL THOMAS GStock Award(Grant) at price 25.52 per share.D2022-03-01Chief Executive Officer4.95k
MOORE CHARLES OStock Award(Grant) at price 25.52 per share.D2022-03-01Officer2.08k
ERMINIO COURTNEY M.Stock Award(Grant) at price 25.52 per share.D2022-03-01Officer764
ALLEN MICHAEL L.Stock Award(Grant) at price 25.52 per share.D2022-03-01Officer2.1k
RANTTILA MICHAELStock Award(Grant) at price 25.52 per share.D2022-03-01Chief Financial Officer604
MAST DARRYL EStock Award(Grant) at price 24.80 per share.D2022-01-03Director314
HESLOP JAMES ROBERT IIStock Award(Grant) at price 24.80 per share.D2022-01-03Chief Operating Officer314
MCCASKEY JAMES JStock Award(Grant) at price 24.80 per share.D2022-01-03Director314
TURK CAROLYN JStock Award(Grant) at price 24.80 per share.D2022-01-03Director314
SKIDMORE WILLIAM JStock Award(Grant) at price 24.80 per share.D2022-01-03Director314
CALDWELL THOMAS GStock Award(Grant) at price 24.80 per share.D2022-01-03Chief Executive Officer314
JONES KENNETH E.Stock Award(Grant) at price 24.80 per share.D2022-01-03Director314
BEVAN THOMAS W.Stock Award(Grant) at price 24.80 per share.D2022-01-03Director314
VOINOVICH MICHAEL CStock Award(Grant) at price 24.80 per share.D2022-01-03Director314
DIGERONIMO KEVIN A.Stock Award(Grant) at price 24.80 per share.D2021-12-31Director314
VOINOVICH MICHAEL CPurchase at price 24.90 per share.I2021-12-06Director1k
HESLOP JAMES ROBERT IIPurchase at price 25.25 per share.I2021-12-03Chief Operating Officer300
VOINOVICH MICHAEL CPurchase at price 25.00 - 25.25 per share.D/I2021-12-03Director247
VOINOVICH MICHAEL CPurchase at price 25.41 - 25.53 per share.I2021-11-29Director1.3k
ALLEN MICHAEL L.Stock Award(Grant) at price 25.45 per share.D2021-11-26Officer1k
VOINOVICH MICHAEL CPurchase at price 26.99 - 27.00 per share.I2021-11-18Director1k
VOINOVICH MICHAEL CPurchase at price 26.00 per share.I2021-11-10Director100
HESLOP JAMES ROBERT IIPurchase at price 23.65 per share.I2021-09-09Chief Operating Officer300
MAST DARRYL EPurchase at price 24.00 per share.I2021-08-13Director295
VOINOVICH MICHAEL CPurchase at price 23.99 per share.I2021-08-11Director100
HESLOP JAMES ROBERT IIPurchase at price 24.05 per share.I2021-07-29Chief Operating Officer300

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Middlefield Banc Corp. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Middlefield Banc Corp

Here is the result of two systematic investment strategies applied to Middlefield Banc Corp. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Middlefield Banc Corp

The following chart shows the equity curve of the two systematic investment strategies applied to Middlefield Banc Corp:

Middlefield Banc Corp automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 5.99% on the backtest period.

Performance at glance

Performance

5.99 %

Latent gain

133.0 $

Invested capital

2221.22 $

Annualized return

1.45 %
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Momentum strategy results on Middlefield Banc Corp

This is the result of two momentum investment strategies applied to Middlefield Banc Corp. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Middlefield Banc Corp

The following chart shows all the entries opened by the momentum investment system on Middlefield Banc Corp:

Middlefield Banc Corp momentum entries
  • The first momentum investment strategy would give 9.41% of return on Middlefield Banc Corp. That represents 541.93$ of latent gain with 5759.77$ of employed capital.
  • The second momentum investment strategy would give 8.94% of return on Middlefield Banc Corp. That represents 470.26$ of latent gain with 5260.72$ of employed capital.
Performance at glance (1Q Momentum)

Performance

9.41 %

Latent gain

541.93 $

Invested capital

5759.77 $

Annualized return

0.0 %
Performance at glance (2Q Momentum)

Performance

8.94 %

Latent gain

470.26 $

Invested capital

5260.72 $

Annualized return

2.44 %

Momentum equity curve on Middlefield Banc Corp

The following chart shows the equity curve of the two momentum strategies applied to Middlefield Banc Corp:

Middlefield Banc Corp momentum equity

Note: the dividends potentially given by Middlefield Banc Corp are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Middlefield Banc Corp

The following chart shows the employed capital evolution of the two momentum strategies on Middlefield Banc Corp since the beginning:

Middlefield Banc Corp

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Middlefield Banc Corp

Buy the dip entry openings on Middlefield Banc Corp

Middlefield Banc Corp

The performance achieved by the robo-advisor on Middlefield Banc Corp is 0%. That represents 0.0$ of latent gain with 0.0$ of employed capital. The following chart shows Middlefield Banc Corp stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Middlefield Banc Corp, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 $

Invested capital

0.0 $

Annualized return

0.0 %

Equity curve of the strategy applied to Middlefield Banc Corp

The following chart shows the result of the investment strategy applied to Middlefield Banc Corp:

Middlefield Banc Corp

Note: the dividends potentially given by Middlefield Banc Corp are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Middlefield Banc Corp

The following chart shows the employed capital evolution since the beginning of the investment strategy on Middlefield Banc Corp:

Middlefield Banc Corp

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Middlefield Banc Corp

In this section, I will compare the three previous investment strategies applied to Middlefield Banc Corp.

Equity curve comparison on Middlefield Banc Corp

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Middlefield Banc Corp investment strategy comparison

Employed capital comparison on Middlefield Banc Corp

Middlefield Banc Corp investment comparison

Performance comparison on Middlefield Banc Corp

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 5.99% 133.0$ 2221.22$ 1.45%
Momentum 1 quarter 9.41% 541.93$ 5759.77$ 2.41%
Momentum 2 quarters 8.94% 470.26$ 5260.72$ 2.44%
Non-directional 0% 0.0$ 0.0$ 0.0%
Annualized return comparison

Automatic investment

1.45 %

Momentum 1Q

2.44 %

Momentum 2Q

2.44 %

Non-directional

0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Middlefield Banc Corp:

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

  • Futu Holdings Ltd

  • Note: The algorithm computes the probability of correlation between Middlefield Banc Corp and the other stocks. There may be false positives or some missing correlated stocks. If the price of Middlefield Banc Corp does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Middlefield Banc Corp
    Country United States
    City Middlefield
    Address 15985 East High Street
    Phone 440 632 8115
    Website www.middlefieldbank.bank
    FullTime employees 185
    Industry Banks—Regional
    Sector Financial Services
    Exchange XNAS
    Ticker MBCN
    Market www.nasdaq.com

    Middlefield Banc Corp ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown