Middlefield Banc Corp. is Set to Join Russell 3000® Index
25 Maio 2023 - 9:00AM
Middlefield Banc Corp. (NASDAQ: MBCN) is set to join the
broad-market Russell 3000® Index after the 2023 Russell Indexes
annual reconstitution, effective after the U.S. market opens on
June 26, according to a preliminary list of additions posted May
19.
“We are pleased to rejoin the Russell 3000®,
which reflects the financial and operating growth we have achieved
under our long-term strategic plan,” stated James R. Heslop II,
Middlefield’s Chief Executive Officer. “From December 31,
2012, to April 30, 2023, $100 invested in Middlefield’s stock has
achieved a total return of $292.15 compared to $203.23 for the
Nasdaq Bank Index, while our annualized dividend has increased from
$0.52 in 2012 to $0.80 currently. We believe our awareness
and exposure within the investment community will further increase
as a member of the Russell 3000®, and we look forward to pursuing
strategies that create long-term value for our shareholders.”
The annual reconstitution of the Russell Indexes
captures the 4,000 largest U.S. stocks as of April 28, ranking them
by total market capitalization. Membership in the U.S. all-cap
Russell 3000® Index, which remains in place for one year, means
automatic inclusion in the large-cap Russell 1000® Index or
small-cap Russell 2000® Index as well as the appropriate growth and
value style indexes. FTSE Russell determines membership for its
indexes primarily by objective, market-capitalization rankings and
style attributes.
Investment managers and institutional investors
widely use Russell Indexes for index funds and as benchmarks for
active investment strategies. Approximately $12.1 trillion in
assets are benchmarked against Russell’s U.S. indexes. Russell
indexes are part of FTSE Russell, a leading global index
provider.
For more information on the Russell 3000® Index
and the Russell Indexes reconstitution, go to the “Russell
Reconstitution” section on the FTSE Russell website.
About Middlefield Banc
Corp.Middlefield Banc Corp., headquartered in Middlefield,
Ohio, is the Bank holding Company of The Middlefield Banking
Company, with total assets of $1.73 billion at March 31, 2023. The
Bank operates 21 full-service banking centers and an LPL Financial®
brokerage office serving Ada, Beachwood, Bellefontaine, Chardon,
Cortland, Dublin, Garrettsville, Kenton, Mantua, Marysville,
Middlefield, Newbury, Orwell, Plain City, Powell, Solon, Sunbury,
Twinsburg, and Westerville. The Bank also operates a Loan
Production Office in Mentor, Ohio.
Additional information is available at
www.middlefieldbank.bank
About FTSE Russell:FTSE Russell is a global
index leader that provides innovative benchmarking, analytics and
data solutions for investors worldwide. FTSE Russell calculates
thousands of indexes that measure and benchmark markets and asset
classes in more than 70 countries, covering 98% of the investable
market globally.
FTSE Russell Index expertise and products are used extensively
by institutional and retail investors globally. Approximately $20.1
trillion is currently benchmarked to FTSE Russell indexes. For over
30 years, leading asset owners, asset managers, ETF providers and
investment banks have chosen FTSE Russell indexes to benchmark
their investment performance and create ETFs, structured products
and index-based derivatives.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on applying the highest industry standards
in index design and governance and embraces the IOSCO Principles.
FTSE Russell is also focused on index innovation and customer
partnerships as it seeks to enhance the breadth, depth and reach of
its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com.
FORWARD-LOOKING STATEMENTS
This press release of Middlefield Banc Corp. and
the reports Middlefield Banc Corp. files with the Securities and
Exchange Commission often contain “forward-looking statements”
relating to present or future trends or factors affecting the
banking industry and, specifically, the financial operations,
markets and products of Middlefield Banc Corp. These
forward-looking statements involve certain risks and uncertainties.
There are a number of important factors that could cause
Middlefield Banc Corp.’s future results to differ materially from
historical performance or projected performance. These factors
include, but are not limited to: (1) a significant increase in
competitive pressures among financial institutions; (2) changes in
the interest rate environment that may reduce interest margins; (3)
changes in prepayment speeds, charge-offs and loan loss provisions;
(4) less favorable than expected general economic conditions; (5)
legislative or regulatory changes that may adversely affect
businesses in which Middlefield Banc Corp. is engaged; (6)
technological issues which may adversely affect Middlefield Banc
Corp.’s financial operations or customers; (7) changes in the
securities markets; or (8) risk factors mentioned in the reports
and registration statements Middlefield Banc Corp. files with the
Securities and Exchange Commission. Middlefield Banc Corp.
undertakes no obligation to release revisions to these
forward-looking statements or to reflect events or circumstances
after the date of this press release.
Company Contact: |
Investor and Media Contact: |
James R.
Heslop, II |
Andrew M.
Berger |
Chief
Executive Officer |
Managing
Director |
Middlefield
Banc Corp. |
SM Berger
& Company, Inc. |
(440)
632-1666 Ext. 3219 |
(216)
464-6400 |
JHeslop@middlefieldbank.com |
andrew@smberger.com |
Middlefield Banc (NASDAQ:MBCN)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Middlefield Banc (NASDAQ:MBCN)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024