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Middlefield Banc Corp (MBCN) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Middlefield Banc Corp (MBCN) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Middlefield Banc Corp is a bank holding company. The company through its subsidiaries is engaged in the general commercial banking business in Northeastern and Central Ohio. Middlefield Banc Corp has a market cap of $128.210 million; its shares were traded at around $39.52 with a P/E ratio of 10.31 and P/S ratio of 2.95. The dividend yield of Middlefield Banc Corp stocks is 2.83%.


For the last quarter Middlefield Banc Corp reported a revenue of $11.4 million, compared with the revenue of $10.78 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $44.2 million, an increase of 4.7% from last year. For the last five years Middlefield Banc Corp had an average revenue growth rate of 12.5% a year.

The reported diluted earnings per share was $3.83 for the year, an increase of 23.5% from previous year. Over the last five years Middlefield Banc Corp had an EPS growth rate of 0.1% a year. The profitability rank of the company is 3 (out of 10).

At the end of the fiscal year, Middlefield Banc Corp has the cash and cash equivalents of $107.9 million, compared with $39.9 million in the previous year. The long term debt was $8.80 million, compared with $29.1 million in the previous year. Middlefield Banc Corp has a financial strength rank of 3 (out of 10).

At the current stock price of $39.52, Middlefield Banc Corp is traded at 28.9% premium to its historical median P/S valuation band of $30.66. The P/S ratio of the stock is 2.95, while the historical median P/S ratio is 2.29. The stock lost 13.55% during the past 12 months.

For the complete 20-year historical financial data of MBCN, click here.

This article first appeared on GuruFocus.