Alert: Major Price Advance (12/15/23)-Middlefield Banc Corp (NASDAQ: MBCN).


On 12/15/23, Middlefield Banc Corp (NASDAQ: MBCN) stock enjoyed a major increase of 11.3%, closing at $36.70. Moreover, exceptionally high trading volume at 694% of normal accompanied the advance. The stock has risen 22.1% during the last week and has been strong relative to the market over the last nine months.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to be in line with the cost of capital, MBCN is expected to be Value Creation neutral.

Middlefield Banc has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Middlefield Banc has a slightly negative Appreciation Score of 35 but a slightly positive Power Rating of 70, resulting in the Neutral Value Trend Rating.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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