Top Three Dividend Stocks For July 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 04 2024
0mins
Should l Buy MBCN?
Source: Yahoo Finance
U.S. Stock Market and Dividend Stocks:
- U.S. stock market indices like Nasdaq Composite and S&P 500 are at record highs amid mixed economic signals.
- Investors are considering stable income-generating assets, with dividend stocks being appealing for balancing growth and income.
Top 10 Dividend Stocks in the U.S.:
- Lists top dividend stocks including Columbia Banking System, Resources Connection, OceanFirst Financial, among others.
- Provides details on dividend yield and rating for each stock.
Middlefield Banc:
- Middlefield Banc Corp. offers commercial banking services with a market cap of $187.96 million.
- The company has a stable dividend yield of 3.4% but faces concerns about future sustainability due to declining earnings.
National Bankshares:
- National Bankshares, Inc. provides retail and commercial banking services with a market cap of $179.70 million.
- Offers a compelling 5% dividend yield but shows a dip in profit margins, raising concerns about long-term sustainability.
ESSA Bancorp:
- ESSA Bancorp, Inc. offers financial services with a market cap of $167.18 million.
- Demonstrates a consistent dividend history with a 3.4% yield and attractive pricing relative to peers despite lower recent earnings figures.
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Analyst Views on MBCN
Wall Street analysts forecast MBCN stock price to rise
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 34.720
Low
35.00
Averages
35.00
High
35.00
Current: 34.720
Low
35.00
Averages
35.00
High
35.00
About MBCN
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 makes residential and commercial mortgages, home equity lines of credit, secured and unsecured consumer installment, commercial and industrial, and real estate construction loans for owner-occupied, non-owner-occupied, multifamily, and income-producing properties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Middlefield Banc Reports Strong Q4 Earnings
- Earnings Per Share: Middlefield Banc reported a GAAP EPS of $0.38 for Q4, indicating stable profitability despite market challenges, which may bolster investor confidence.
- Revenue Growth: The company achieved revenues of $19.34 million in Q4, reflecting an increase compared to the previous year, showcasing ongoing business expansion and a rebound in market demand.
- Financial Health: Financial information indicates that Middlefield Banc maintains a healthy balance sheet, supporting future growth and investment opportunities, which enhances investor trust in the company's stability.
- Dividend Performance: The bank's strong dividend scorecard demonstrates its commitment to shareholder returns, potentially attracting more investors seeking stable income streams.
See More
Farmers and Middlefield Merger Approved by Shareholders
- Merger Approval: Shareholders of Farmers National Banc Corp. and Middlefield Banc Corp. have approved the merger, which is expected to be completed in the first quarter of 2026, enhancing the competitive position of both banks in the market.
- Asset Scale: As of December 31, 2025, Farmers National Banc Corp. reported $5.2 billion in banking assets, and the merger is anticipated to further increase market share in Ohio and Pennsylvania, strengthening overall financial capabilities.
- Wealth Management: Farmers National Banc Corp. had $4.7 billion in wealth management assets as of December 31, 2025, and the merger will facilitate resource integration, improving customer service and product diversity.
- Future Outlook: Despite uncertainties surrounding the merger, both Farmers and Middlefield maintain an optimistic outlook for future growth, expecting to achieve higher operational efficiency and market expansion through the merger.
See More
Middlefield Banc Corp Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: Middlefield Banc Corp. has declared a cash dividend of $0.21 per share, payable on February 27, 2026, reflecting the company's solid financial health and commitment to shareholder returns.
- Record Date for Shareholders: The record date for this dividend is set for February 17, 2026, ensuring eligible shareholders receive their dividends promptly, which enhances investor confidence.
- Asset Size: As of September 30, 2025, Middlefield Banc Corp. reported total assets of $1.98 billion, indicating its robust position in the banking sector and ongoing growth potential.
- Service Network: The company operates 21 full-service banking centers and an LPL Financial brokerage office across Ohio, strengthening its market share and customer base in the region.
See More
Middlefield Banc Corp. Merger Proposal Gains Support from ISS
- Merger Proposal Support: Middlefield Banc Corp.'s merger proposal has received a recommendation from independent proxy advisory firm ISS, urging shareholders to vote in favor at the Special Meeting on February 10, 2026, indicating strong market confidence in the merger's potential to enhance shareholder value.
- Shareholder Voting Reminder: Middlefield is encouraging shareholders who have not yet voted to do so promptly to ensure participation before the deadline, a strategic move aimed at increasing shareholder engagement and expediting the merger process.
- Asset Overview: As of September 30, 2025, Middlefield Banc Corp. reported total assets of $1.98 billion and operates 21 full-service banking centers, providing a robust asset base that supports business integration post-merger and is expected to enhance competitive positioning in the market.
- Regulatory Filing Submission: Middlefield and Farmers have filed relevant merger materials with the SEC, including a Registration Statement and joint proxy statement, ensuring transparency and compliance throughout the merger process, which aims to bolster investor confidence and encourage active shareholder participation.
See More
Hologic, Inc. to Sell for $76 Per Share to Blackstone and TPG
- Hologic Transaction Details: Hologic, Inc. is set to sell for $76 per share in cash to Blackstone and TPG, along with a non-tradable right to receive up to $3 per share, which is expected to provide significant cash returns to shareholders and enhance market appeal.
- First Foundation Sale: First Foundation Inc. will sell for 0.16083 shares of FirstSun common stock per share, although specific transaction amounts are undisclosed, this deal offers new investment opportunities for shareholders, potentially impacting stock performance.
- Middlefield Merger: In the merger with Farmers National Banc Corp., Middlefield Banc Corp. shareholders will receive 2.6 shares of Farmers common stock per share, which could enhance Farmers' market share and competitiveness in the banking sector.
- Legal Advisory Services: Halper Sadeh LLC is providing legal consultation for affected shareholders, aiming to secure increased consideration and additional disclosures, demonstrating a commitment to shareholder rights that may influence future shareholder trust and corporate reputation.
See More
Halper Sadeh Investigates Tamboran Resources' Merger with Falcon Oil & Gas
- Merger Investigation: Halper Sadeh LLC is investigating the merger between Tamboran Resources Corporation and Falcon Oil & Gas Ltd., where Tamboran shareholders will own 73.2% of the combined entity, raising potential fiduciary duty concerns.
- Shareholder Rights: The firm may seek increased compensation, additional disclosures, and other benefits for Tamboran shareholders, ensuring their legal rights are protected during the merger process.
- Transaction Details: First Foundation Inc. is selling to FirstSun Capital Bancorp for 0.16083 shares of FirstSun common stock per share of First Foundation, while Middlefield Banc Corp. is being sold to Farmers National Banc Corp. for 2.6 shares of Farmers common stock per share of Middlefield.
- Legal Support: Halper Sadeh LLC offers contingent fee legal services, encouraging affected shareholders to contact the firm to discuss their rights and options, ensuring their interests are adequately represented in the transaction.
See More
Middlefield Banc Reports Strong Q4 Earnings
- Earnings Per Share: Middlefield Banc reported a GAAP EPS of $0.38 for Q4, indicating stable profitability despite market challenges, which may bolster investor confidence.
- Revenue Growth: The company achieved revenues of $19.34 million in Q4, reflecting an increase compared to the previous year, showcasing ongoing business expansion and a rebound in market demand.
- Financial Health: Financial information indicates that Middlefield Banc maintains a healthy balance sheet, supporting future growth and investment opportunities, which enhances investor trust in the company's stability.
- Dividend Performance: The bank's strong dividend scorecard demonstrates its commitment to shareholder returns, potentially attracting more investors seeking stable income streams.
See More
Farmers and Middlefield Merger Approved by Shareholders
- Merger Approval: Shareholders of Farmers National Banc Corp. and Middlefield Banc Corp. have approved the merger, which is expected to be completed in the first quarter of 2026, enhancing the competitive position of both banks in the market.
- Asset Scale: As of December 31, 2025, Farmers National Banc Corp. reported $5.2 billion in banking assets, and the merger is anticipated to further increase market share in Ohio and Pennsylvania, strengthening overall financial capabilities.
- Wealth Management: Farmers National Banc Corp. had $4.7 billion in wealth management assets as of December 31, 2025, and the merger will facilitate resource integration, improving customer service and product diversity.
- Future Outlook: Despite uncertainties surrounding the merger, both Farmers and Middlefield maintain an optimistic outlook for future growth, expecting to achieve higher operational efficiency and market expansion through the merger.
See More
Middlefield Banc Corp Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: Middlefield Banc Corp. has declared a cash dividend of $0.21 per share, payable on February 27, 2026, reflecting the company's solid financial health and commitment to shareholder returns.
- Record Date for Shareholders: The record date for this dividend is set for February 17, 2026, ensuring eligible shareholders receive their dividends promptly, which enhances investor confidence.
- Asset Size: As of September 30, 2025, Middlefield Banc Corp. reported total assets of $1.98 billion, indicating its robust position in the banking sector and ongoing growth potential.
- Service Network: The company operates 21 full-service banking centers and an LPL Financial brokerage office across Ohio, strengthening its market share and customer base in the region.
See More
Middlefield Banc Corp. Merger Proposal Gains Support from ISS
- Merger Proposal Support: Middlefield Banc Corp.'s merger proposal has received a recommendation from independent proxy advisory firm ISS, urging shareholders to vote in favor at the Special Meeting on February 10, 2026, indicating strong market confidence in the merger's potential to enhance shareholder value.
- Shareholder Voting Reminder: Middlefield is encouraging shareholders who have not yet voted to do so promptly to ensure participation before the deadline, a strategic move aimed at increasing shareholder engagement and expediting the merger process.
- Asset Overview: As of September 30, 2025, Middlefield Banc Corp. reported total assets of $1.98 billion and operates 21 full-service banking centers, providing a robust asset base that supports business integration post-merger and is expected to enhance competitive positioning in the market.
- Regulatory Filing Submission: Middlefield and Farmers have filed relevant merger materials with the SEC, including a Registration Statement and joint proxy statement, ensuring transparency and compliance throughout the merger process, which aims to bolster investor confidence and encourage active shareholder participation.
See More
Hologic, Inc. to Sell for $76 Per Share to Blackstone and TPG
- Hologic Transaction Details: Hologic, Inc. is set to sell for $76 per share in cash to Blackstone and TPG, along with a non-tradable right to receive up to $3 per share, which is expected to provide significant cash returns to shareholders and enhance market appeal.
- First Foundation Sale: First Foundation Inc. will sell for 0.16083 shares of FirstSun common stock per share, although specific transaction amounts are undisclosed, this deal offers new investment opportunities for shareholders, potentially impacting stock performance.
- Middlefield Merger: In the merger with Farmers National Banc Corp., Middlefield Banc Corp. shareholders will receive 2.6 shares of Farmers common stock per share, which could enhance Farmers' market share and competitiveness in the banking sector.
- Legal Advisory Services: Halper Sadeh LLC is providing legal consultation for affected shareholders, aiming to secure increased consideration and additional disclosures, demonstrating a commitment to shareholder rights that may influence future shareholder trust and corporate reputation.
See More
Halper Sadeh Investigates Tamboran Resources' Merger with Falcon Oil & Gas
- Merger Investigation: Halper Sadeh LLC is investigating the merger between Tamboran Resources Corporation and Falcon Oil & Gas Ltd., where Tamboran shareholders will own 73.2% of the combined entity, raising potential fiduciary duty concerns.
- Shareholder Rights: The firm may seek increased compensation, additional disclosures, and other benefits for Tamboran shareholders, ensuring their legal rights are protected during the merger process.
- Transaction Details: First Foundation Inc. is selling to FirstSun Capital Bancorp for 0.16083 shares of FirstSun common stock per share of First Foundation, while Middlefield Banc Corp. is being sold to Farmers National Banc Corp. for 2.6 shares of Farmers common stock per share of Middlefield.
- Legal Support: Halper Sadeh LLC offers contingent fee legal services, encouraging affected shareholders to contact the firm to discuss their rights and options, ensuring their interests are adequately represented in the transaction.
See More
