Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Middlefield Banc Corp before investing.

In this article, we go over a few key elements for understanding Middlefield Banc Corp’s stock price such as:

• Middlefield Banc Corp’s current stock price and volume
• Why Middlefield Banc Corp’s stock price changed recently
• Upgrades and downgrades for MBCN from analysts
• MBCN’s stock price momentum as measured by its relative strength

About Middlefield Banc Corp (MBCN)

Before we jump into Middlefield Banc Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Middlefield Banc Corp. is a bank holding company. The Company's subsidiaries include The Middlefield Banking Company (MBC) (the Bank) and EMORECO Inc. MBC is engaged in the general commercial banking business in northeastern, central, and western Ohio. MBC offers customers a range of banking services, including checking, savings, negotiable order of withdrawal (NOW) accounts, money market accounts, time deposits, commercial loans, real estate loans, a variety of consumer loans, safe deposit facilities, and travelers’ checks. MBC offers online banking and bill payment services to individuals and online cash management services to business customers through its website at www.middlefieldbank.bank. The Bank operates approximately 21 full-service banking centers and a financial brokerage office serving Ada, Beachwood, Bellefontaine, Chardon, Cortland, Dublin, Garrettsville, Kenton, Mantua, Marysville, Middlefield, and others. MBC also operates a loan production office in Mentor, Ohio.

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Middlefield Banc Corp’s Stock Price as of Market Close

As of September 20, 2024, 4:00 PM, CST, Middlefield Banc Corp’s stock price was $28.42.

Middlefield Banc Corp is down 4.44% from its previous closing price of $29.74.

During the last market session, Middlefield Banc Corp’s stock traded between $28.45 and $29.74. Currently, there are 8.07 million shares of Middlefield Banc Corp stock available for purchase.

Middlefield Banc Corp’s price-earnings (P/E) ratio is currently at 15.4, which is high compared to the Banks industry median of 12.4. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Middlefield Banc Corp Stock Price History

Middlefield Banc Corp’s (MBCN) price is currently up 1.61% so far this month.

During the month of September, Middlefield Banc Corp’s stock price has reached a high of $29.74 and a low of $25.08.

Over the last year, Middlefield Banc Corp has hit prices as high as $37.00 and as low as $20.61. Year to date, Middlefield Banc Corp’s stock is up 3.72%.

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What Caused Middlefield Banc Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 19, 2024, there were 0 analysts who downgraded Middlefield Banc Corp’s stock and 4 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Middlefield Banc Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Middlefield Banc Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Middlefield Banc Corp’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Middlefield Banc Corp (MBCN) by visiting AAII Stock Evaluator.

Relative Price Strength of Middlefield Banc Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 19, 2024, Middlefield Banc Corp has a weighted four-quarter relative price strength of 5.80%, which translates to a Momentum Score of 78 and is considered to be Strong.

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Middlefield Banc Corp Stock Price: Bottom Line

As of September 20, 2024, Middlefield Banc Corp’s stock price is $28.42, which is down 4.44% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Middlefield Banc Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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